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Debt Fixers

Based in Watford, Debt Fixers has helped thousands of people all over the United Kingdom take charge of their debt and get their life back on the right track. They are part of the Money Debt and Credit Group plc.

Debt Fixers offer a complete range of debt services directly or in partnership with one of the other affiliated companies. The companies included in the group and the specialties are:

Debt Fixers - Debt management plans
Money Debt and Credit - Individual Voluntary Arrangement
Scottish Protected Trust Deeds - Trust deeds (only operates in Scotland)
Money Debt and Credit Financial Services - Re-mortgage and consolidation loans

Debt Fixers believe in providing all their services through ethical and moral means and personalizes its services to suit the needs and requirements of each individual customer. Debt management plans offered by the company deal with only unsecured and non-priority debt.

The primary purpose of the debt management plan is to reduce your monthly payments to a level affordable by you. In addition, the debt specialist will negotiate with your creditors to reduce or even freeze your interest rates. As a debt management plan is an informal agreement, it will be reviewed periodically to accommodate any change in your financial situation. If you wish to add any new creditors to your existing debt management plan, all it takes is a call to Debt Fixers.

However since it is an informal agreement, your creditors are still free to take legal action against you. Debt Fixers also mentions that there is no guarantee that you will be able to rid yourself of debt.

Other than a debt management plan, there are a number of other options you can choose. Individual Voluntary Arrangement is an option available to people who have 15,000 pounds or more in debt. IVAs are similar to bankruptcy but result in lesser long-term effects.

IVAs are legal contract that are usually 5 years in duration and if you complete them successfully, you will start a debt free life. Additionally if you genuinely cannot afford to pay back the entire debt it can be reduced by as much as 60%. A similar service called Trust Deeds is available to customers located in Scotland.

For customers with lower levels of debts, a debt consolidation loan might be the best option. This involves a new loan with a lower interest that is then used to pay off other debts. This offers the simplicity of dealing with a single monthly payment that can be easier to budget. If you hold significant equity in your house than a remortgage might be the right option. It works in the same principle as a debt consolidation loan but is secured against the property.

If there is no solution which can be applied Debt Fixers can help you with bankruptcy proceedings as well.

Debt Fixers has a very simplistic website and it does not seem that much effort was put into its development. It provides various ways to contact the company including an online application form, an email address and a call back option. Navigation is simple as the website does not contain too many sub sections. Information about the debt management plan is clearly presented with advantages and disadvantages. A glossary and latest debt management section prove to be valuable resources with the news section being updated multiple times a week.

Like your debt, the decision to choose someone to help you with it is very personal. This is why it is very important to personally talk to and evaluate the company you want to work with.

While Debt Fixers itself might only be able to solve one aspect of debt, the backing of the group ensures that all the services you require will be close at hand.

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

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