Debt consolidation usually means you taking out further credit to pay off existing debts and reduce outgoings
You are in control of this
No fees are included
If you are successful you only pay one payment
Your credit rating may be unaffected and may be repaired
Creditors may not agree.
Your credit rating can be damaged if you do not meet what the creditors are wanting.
It may take you longer to pay back.
If your credit rating is already poor a consolidation loan may not be available to you.
If you are unable to consolidate all the creditors, this can lead to your situation escalating further.
Dealing with this alone can be overwhelming.
The Money Advice Service is an important service set up by the Government. They provide free debt counseling, debt adjustment and credit information.
Loans & Overdrafts
Catalogue and Store Cards
Rent, Gas and Electricity arrears
Council Tax Arrears
SPEAK WITH THE TEAM TODAY OR USE ONLINE TOOL TO CHECK IF YOU QUALIFY
0161 519 5510
New Leaf Debt Advice Limited Registered Office Onward Chambers, Centenary House, 1 Centenary Way, Greater Manchester, M50 1RF, United Kingdom. Registered in England and Wales Registration number 12203002.Data Protection Registration Number ZA549249
Trading address- 50 Barton Rd, The Granary, Worsley, Manchester M28 2EB
Laura Stewart is authorised to act as an Insolvency Practitioner in the UK by The Insolvency Practitioners Association (IP Number 23590) Learn more: https://www.insolvencydirect.bis.gov.uk/fip1/Home/IP/23590
Subject to eligibility and acceptance. Fees Payable. Debt write off applies to unsecured debts only and on completion of an IVA. If your IVA fails, it could lead to Bankruptcy, although this is rare and alternatives may be available. Your ability to obtain credit will be affected for the medium to long term. Homeowners may be required to release the equity in their property, if unable to release equity and equity is available creditors may request an additional 12 months payments in compensation.
New Leaf Debt Advice provides insolvency solutions to individuals, specialising in IVA. Advice and information on alternative options will be provided following an initial fact find where the individual(s) concerned meets the criteria for an IVA and wishes to pursue it further. All advice given on any alternative options is therefore provided in reasonable contemplation of an insolvency appointment.
The Money Advice Service is a free service set up by the Government to help people make the most of their money. If you would like to learn more visit www.moneyadvice.org.uk