Debt Advice Belper

Many individuals and businesses in Belper have been struggling with debt in recent years, with the recession leading to many job losses; it is easy to see why the amount of bankruptcies in the Derbyshire area has increased massively.

If you feel as though you can no longer cope with your debt, you are not alone. Hundreds of people in Belper and the surrounding areas are struggling under the burden of their debt and more and more people are seeking out solutions which will lead them to financial freedom.

Local Debt Help Belper

Bridgewood specialise in offering debt solutions to both individuals and businesses. With experts in all areas of debt solutions and debt management, we have the advice and guidance which you need to free yourself of debt.

We offer our services throughout the UK, as we have a dedicated debt helpline set up where we can give advice to those looking to take charge of their debts. We also have a head office in Nottingham City Centre, so those in the surrounding areas can come to meet us face to face, or alternatively, we can send out a Personal Financial Consultant to you for a home visit.

Bridgewood are used to dealing with complex situations and we always find the most appropriate solution for your individual case.

Debt Solutions Belper

Debt Management Plans Belper

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.

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Individual Voluntary Arrangement (IVA) Belper

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

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Bankruptcy Support Belper

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 »