Debt Advice Swadlincote

In recent years, Derbyshire has seen a sharp rise in the amount of people who are filing for bankruptcy or entering into an IVA because they can no longer cope with their debts. As unemployment grows, and pay cuts come into force, many people are really struggling to keep up with their minimum payments.

If you live in Swadlincote and are facing financial difficulties, Bridgewood might just have the perfect debt solution for you. With so many people being uncertain about their economic future, you can rest assured that you are not alone in your situation.

Local Debt Help Swadlincote

If you have come to this website then you have probably already decided that it is time for you to tackle your debt head on. Making the first move like this is a very positive step and shows that you are ready to find a solution to your problem.

Bridgewood specialise in offering debt solutions and we have worked with many people in the Swadlincote area before. We can give you advice about your debt face to face in the office, or at your home. Alternatively, we have a national debt helpline which you can call whenever you have any questions and we will give you the guidance you need.

Facing up to your debt is difficult to do, it is always easier to push it to the back of your mind and try to forget about it. However, the longer you do this, the bigger your problem will be. No matter how complex your situation, or how much you owe, Bridgewood will find the solution that is right for you.

Debt Solutions Swadlincote

Debt Management Plans Swadlincote

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) Swadlincote

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 Swadlincote

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 »