Debt Advice Ashbourne

Like many towns in the county of Derbyshire, Ashbourne has seen many of its residents struggling with debt in recent years as a direct result of the recession. The area has been hit hard by redundancies and unemployment which has led to many people being unable to keep up with their debt repayments.

Since 2002, the amount of individuals being declared bankrupt has increased steadily and in 2009, the figure reached an all time high. Unfortunately, it is easy for debts to spiral out of control and people often find themselves in a situation whereby the only way out is bankruptcy if they do not tackle their debts soon enough.

Local Debt Help Ashbourne

If you feel like you are ready to face up to your debts then by coming to this website, you have made the first step. Bridgewood are specialists in debt solutions and we have helped thousands of individuals and businesses become debt free and find financial freedom.

We have excellent working relationships with creditors and can arrange various solutions for you to pay back your debts in a way that you can manage. We will always work with your best interests at the front of our minds, so you know that we are looking for the best debt solution for you.

The Bridgewood offices are based in Nottingham, but we service many of the surrounding areas including Ashbourne in Derbyshire. We can arrange to visit you at home, or you can come to us for a face to face discussion of your circumstances.

Debt Solutions Ashbourne

Debt Management Plans Ashbourne

A debt management plan is an arrangement between you and your creditors which allows you to repay your debts with a lower and more affordable monthly payment:

  • You only pay what you can afford - all your credit cards, loan repayments and other debts are reduced to one single, affordable monthly payment
  • The stress is removed - we deal with your creditors on your behalf, as well as any debt collectors or bailiffs
  • Charges are reduced - we will seek to arrange with your creditors to freeze interest and other charges

At Bridgewood we have a close working relationship with the creditor community, which can be of great benefit in ensuring that the solution we propose on your behalf is responded to quickly and in an appropriate manner. Whilst they are not obliged to, we will negotiate with your creditors to freeze or reduce the interest and charges on your accounts wherever possible.

Learn more about Debt Management »

Individual Voluntary Arrangement (IVA) Ashbourne

An Individual Voluntary Arrangement (IVA) is a practical solution to dealing with an unmanageable debt – one which you worry you might never escape from without declaring yourself bankrupt.

An IVA is a legally binding agreement between you and your lenders. By accepting the IVA, they are agreeing to accept lower payments, not to pursue any legal action against you (including trying to make you bankrupt), and to write off any outstanding debt at the end of the IVA. You agree to pay as much as you can afford for the time agreed (usually 5 years):

  • You only pay what you can afford - all your credit cards, loan repayments and other debts are reduced to one single, affordable monthly payment
  • The total amount of debt you have to repay is reduced - as part of the agreement your creditors will normally agree to write off a significant part of your debt
  • You have a fixed end date – you will have an agreed date in the future when you know you will be debt free

Learn more about IVAs »

Bankruptcy Support Ashbourne

Bankruptcy can be a difficult and painful process to go through, but for some people it may be the only option. Bridgewood offers a Bankruptcy Support Service which gives you access to specialist advisors who will help and support you through:

  • Help you find an alternative – we will make sure that every other available option has been explored
  • Support you through the Process - our team of specialists can support you in filling out your bankruptcy petition, and will even accompany you to the Court if necessary

Learn more about Bankruptcy Support »

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