This serves as our starting point in negotiations on your behalf, giving us more clout and a better possibility of reaching a debt settlement with your creditors.
We solely deal with unsecured loans, or debts without any underlying collateral. Payday loans, credit cards, and medical debt are all forms of unsecured debt. Debt settlement is not an option for debts like student loans or those with collateral such as mortgages and auto loans.
Our approach entails monthly contributions into a Dedicated Account of a predetermined sum. Monthly deposits that are consistent are essential to your overall success.
Consumer proposals are a smart legal way to avoid bankruptcy and settle all your debts in a simple proposal. A certified bankruptcy trustee would file an agreement between you and the creditors that allows you to pay only a portion of the full debt owed; while forgiving or erasing the rest. Imagine saving 60-80% by making payments over a maximum of five years interest free!!
Are your debts accumulating and you’re struggling to stay financially afloat? We can help.
Our credit counseling will be specially customized to assist you with your unique, various financial needs.
The Insolvency Act requires you to attend two mandatory credit counseling conferences if you have filed/declared Bankruptcy, Consumer Proposal, or Division 1.
We will go over your options and provide you with expert advice and solutions to get you back on track.
Bankruptcy is one of the most cost-effective ways to control and eliminate your debt. Although bankruptcy has many negative connotations, it is a widely used process that can give you a new start!
Due to your accumulated debt, bankruptcy may be the best legal solution for you. By declaring bankruptcy (which is regulated by the ACT) secured creditors will not be able to take legal action to collect what is owed; usually done by seizing your assets/property or garnisheeing your wages.
Please note that it is possible to file a joint assignment (filed as one) depending on the financial relationship and subject to trustee approval.
We focus on solutions to assist you with the burden of overwhelming debt, thereby giving you financial freedom and a greater future.
How may you ask? Approved Debt Relief skilled personnel will create a unique, specialized plan of action to provide you with less Debt. Strategic arrangements will assist you with possibly avoiding bankruptcy, reducing your overall combined debt, and solutions for controlling future debt.
You Describe Your Financial Situation to Us
For a free, no-obligation consultation, give us a call or complete our online form.
We Create a Customized Debt Relief Program for You
You can alter programs to meet your unique demands.
You Lower Your Debt While Saving Money
Our aim is to reduce your payments and assist you in paying off your debts more quickly.
Credit cards
Personal loans
Store cards
Short term loans
Catalogues
Debt collectors
Bailiffs
Old car finance
Previous years council tax*
Old utility bills
Old phone bills
HMRC debt
Stop procrastinating, act now; contact an Approved Debt Relief personal to start building a better future.
Approved Debt Relief puts your needs first. We are known to provide the best customer experience possible. Our knowledgeable staff will go above and beyond to get you the best help or Debt Relief.; based on using their expertise to understand your personal unique financial situation.
Our mindset is to treat others how we would like to be treated. Here you would be handled in a professional manner, judgment free regardless of your situation. Your needs would be at the forefront of our negation with the creditors. Our team has honed and developed their skills in order to provide you with the right tools to succeed towards financial debt relief. Make your tomorrow better, contact us now!
It’ is a "legally binding process that is done by a Licensed Insolvency Trustee". The proposed offer to your creditors is done under the Bankruptcy and Insolvency Act. The offer entails how you will be paying off the agreed portion amount of Debt, over a period of time no greater than five years.
To qualify you would have had to acquire debt typically anywhere between $1,000- $250,000 (some stipulations may apply) and can’t pay your debt on time. .Certified licensed trustees will analyze your situation, create, file and negotiate on your behalf. You’re agreed upon debt relief proposition is between you and the creditors. Keep in mind that although a consumer proposal is your optional choice; once filed/completed is legally binding.
Not necessarily, fortunately certain exceptions apply. For example certain personal items, vehicles, household items, some Insurance policies, pensions or RRSP's can be exempt(certain capped dollar values will considered)
A Bankruptcy will give a negative credit rating (R9) and last on file for seven years or more even after your bankruptcy is discharged.
UK Debt Help