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Jon

solution...........

Fair Deal On Debt CIC

Are you or anyone you know? In debt?
Worried about money?
Heading towards a crisis?
Looking for a solution?

Fair Deal On Debt CIC is a non- profitable organisation. We are an independent, ethical,
community based debt management service, supporting individuals throughout financial difficulty.Our experienced debt management team offer practical advice and work alongside our clients to match the most appropriate solution to individual need. All profits made by Fair Deal On Debt is invested to help create employment and to help local projects.

We also aim to ensure that routes out of debt are explored with all clients, providing access to
benefits advice and employment opportunities. We link up with other organisations and are able to
offer a wide range of services to ensure that all clients have all support they need to be able
to get back on their feet again. We do not expose individuals to organisations whose only aim is
to profit from misfortune. When it comes to debt management, we offer reassurance, support,
solutions and a guaranteed fair deal.

Debt Management

One of the worst aspects about having serious debts is the feeling of being out of control. Debt Management can be a way of putting you back in control of your finances. But you should check first whether an IVA or another option may be more appropriate. You can do this free by calling

Fair Deal On Debt.

As a registered community interest company, we’ll ensure you only get honest, impartial counselling. If your debts are not too large and you have a regular income, then Debt Management could be an option for you. This involves you paying a regular amount each month to a company who handle negotiated repayments to your creditors, usually over a longer period and with lower repayments. Take control of your debts
Regardless of what the right solution is for you to clear your debts, we’re here to deliver
counselling about all your possible options - from IVA to loans, so that you can make the right
decision that best suits your individual situation.

How large are your debts?

In advising you on the appropriateness of management plans, we’ll need to know how large your
debts are and whether you have a regular income. If you have serious debts, it’s possible that an
IVA or bankruptcy will be more appropriate.

Giving up holidays may be an unpopular option, but for anyone struggling to manage their debts, it’s often the most obvious expense to cut. After all, unlike rent / mortgage, gas bills, petrol, food, etc. holidays aren’t actually essential.

So while it’s worrying to see 24% of British adults foregoing their holiday plans this year, it’s far more worrying to hear that 2.8 million ‘will jet into the red just to get a break’. “A good holiday can help people relax and recharge their batteries,” said a spokesperson for debt management company Gregory Pennington, “but a household budget can only stretch so far. When it comes to a choice between going on holiday and paying essential bills, there’s no question about which is more important. For anyone in financial difficulty, their number-one priority should be managing their debts and paying them off as fast as possible. The sooner they do this, the sooner they’ll be able to go on a holiday that isn’t ruined by worrying about money all the way through.”

For many, of course, simply avoiding a holiday isn’t enough. Even without the added expense of a holiday, many people find their monthly budget can’t cover their basic expenses – the rising cost of living is only part of the problem, as many people are also struggling to manage record levels of personal debt. Once their monthly debt repayments exceed their disposable income, their situation can rapidly go from bad to worse, unless they reduce their monthly debt repayments through a professional debt solution such as a debt consolidation loan or debt management plan.

Debt reduction through debt management
A debt management plan can reduce someone’s monthly debt repayment without any need for further credit. It works like this: the individual talks to a debt management organisation, who will then talk to their creditors, negotiating lower monthly payments and asking them to freeze interest and waive charges. By reducing monthly repayments like this, debt management can help someone pay off their actual debts (rather than struggling to keep up with interest charges) and help them avoid running up new debts, by freeing up the money they need for their ongoing living expenses.

We’d appreciate you taking the time to tell us what you think.

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Administrator