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Money Smart Solutions

Money Smart Solutions is a debt services company that provides tailored debt solutions for all of its clients. Their website is www.moneysmartsolutions.co.uk.

The company provides the following services:

Debt management plans
Full and final debt settlement
Individual voluntary agreements (IVA)
Bankruptcy
Financial advisory
Credit advisory

Money Smart Solutions first talks with you to understand the unique conditions that forced you in the position of debt. They believe that only then can they properly begin to tackle your problems and develop a path to full financial recovery.

The key ways in which they are can help are:

Create a plan with realistic goals with your creditors
Remove or reduce interest rates and other penalties
Stop demands from creditors
Lower you monthly payments
Educate you on your rights as a debtor
Confidential services

Debt management plans offered allow you to make a single monthly payment which Money Smart Solutions distributes to your creditors. Your personal account manager works with your creditors to reduce other charges being added to your debt and puts an end to unwelcome calls and letters. Setting up a debt management plan is simple. After signing up with the company the agreement is in place in a period of 2-5 weeks following which the monthly payments start. Customers looking to settle their debts in one swift move can opt for the full and final debt settlement offer. You account manager will work with you and your creditors to develop a plan in which debts can be settled by one lump sum payment. This can reduce your debt as much as 75%, the minimum acceptable saving is 50%.

IVA services can also be contracted. An IVA is similar to a debt management plan but it is a legal contract. Normal duration is 60 months and it prohibits creditors from contacting you. Interest rates and fees are frozen so the debt does not continue to grow.

In extreme situations the only available option is Bankruptcy. Individuals should be aware that your most valuable assets such as your home or other property will be disposed off to pay back your creditors. The advantage is that you are usually debt free in 12 months. It is important to note that it can still affect your credit for up to 6 years.

Apart from debt services Money Smart Solutions can help you with a number of other financial services.

Companies operating as sole traders in adverse economic conditions can be severely impacted. Money Smart Solutions can work with you to make sure your cash flows are optimized. They will also provide a free review of your situation.

Working with partner companies they can also help you find the perfect re-mortgage for your house to release much needed capital. Real estate advisory services can also help you make sure you are making the right investments in property. They can advise you on a number of other aspects, such as community court judgments and nonprofit guidance.

The first monthly payment you make is kept as fees by Money Smart Solutions. All services before the payment are free. An ongoing fee is charged which is equal to 15% of your disposable income or 20 pounds whichever is higher.

The company's website while small does a good job of providing information. Each service offering is described along with numerical examples to illustrate the potential savings. A toll free number, online call back form and email address are provided to contact the company. The only additional resources provided are a few links to news items. There is definite room for improvement here and the company can easily add more content and resources. Prior to any decision please carefully study and evaluate the company personally. Reviews are only meant to educate and should not be the only thing considered when making any decision.

While the wide range of solutions is a plus point, lack of truly valuable information resources on the website can hurt the impression of the company.

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

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