>

Debit-Consultants

Head quartered in Manchester, Debt Consultants has been providing debt services and advice to customer all across the UK since 2000. Debt Consultants can help you with credit cards, store cards and loans. Their website is www.debt-consultants.co.uk.

There are many circumstances and factors that can lead to a person falling into debt. Once the debt starts it can spiral out of control before you even realize what is going on. Debt Consultants knows that the reasons for debt can be personal such as injury, a costly divorce or loss of a job. In order to truly be able to help, a company needs to understand the factors that lead to your situation. This is why each client as Debt Consultants is given a dedicated debt consultant to properly understand the problems before working on the solution. Debt Consultants are only able to help customers that have over 3,000 pounds in debt.

Debt consultants help their customers by creating a debt management plan in which all your unsecured loan payments are merged into a single payment. Before this can be done the company will work with you to maximize your monthly income by helping you cut expenses and non-essential spending. Based on what you can afford, they will work with your creditors to agree on new payments terms. Benefits of this agreement can be:

Lower monthly payments
Debt Consultants acts as a buffer between you and the creditors
Interest rates and charges maybe be reduced or removed

While Debt Consultants works hard to reduce the amount you have to pay, in certain cases the lower monthly payments can lead to a longer loan term meaning you pay back over more time. If this is the case it will be discussed with you before continuing. An added advantage is that since the plan is flexible in nature it can be reviewed and changed as your needs and situation dictates.

For customers that want a more concrete and legal contract Debt Consultants can work with them on an Individual Voluntary Arrangement. Advantages of an IVA include:

Overall size of debt and associated monthly payments reduced as per your capacity to pay
Creditors are not allowed to contact you directly
All interest and additional charges are frozen

You personal debt consultant will first discuss the process and results of the IVA. A proposal will be created and sent to your creditors suggesting a new payment plan. If accepted by creditors who make up over 75% of your debt the IVA will be approved. After approval you will make a single monthly payment to Debt Consultants who will distribute it fairly amongst your creditors.

The company's website is very simple and basic. It does not go much beyond providing the very basic information about the company's services. It features an online form which allows the visitor to request a call back from the company. No other means of communication are available. Navigation is simple as there are only 5 to 6 pages in the entire website. The lack of additional resources such as news, forums and tools is clearly evident. A links page is provided but only banner ads are available and no description is given regarding the content of those websites.

Before finalizing the company with whom you will resolve your debt issues it is very important to personally interact with the company. Decisions should primarily be based on personal judgment.

Debt Consultants works towards providing personalized service by dedicating all resources to understand and solve your problems. However the lack of information and tools available on their website will cast some doubt about their service levels in the minds of some visitors.

For more information on Debt Consolidation companys, go to Debt Consolidation.

Back to Reviews

Copyright (c) 2006 - 2012 ALL RIGHTS RESERVED. Technical Author Services Pty Ltd. ACN. 126 773 126. ABN 62 122 488 508. A private limited company incorporated in Victoria, Australia. All news items, articles and write ups are provided on an as is basis for informational purposes only. While the information presented may be from sources we believe to be reliable, we do not guarantee the accuracy or validity of any information presented. Technical Author Services Pty Ltd does not purport to offer any professional advice of any legal, financial or psychological service and all information is provided with the understanding that Technical Author Services Pty Ltd, its owners, writers and contributors are not engaged in rendering any legal, financial, psychological or any other professional service and any information so displayed on the Debit Consolidation Reviews web site is offered for information purposes only. If any legal, financial, psychological or any other professional advice or assistance is required, the services of a competent professional person should be sought. The user is considered solely responsible for his or her own actions.