Debt Management Services to Maintain Credit History

Living the life to its fullest requires you to have enough money to spend and pamper yourself with all the luxuries. To satisfy all your needs you sometime in life have to take a loan. People take these loans from different institutions mostly from banks, the purpose behind loans can be different, and form of loan can be different too. Whatever is the case the loans are to be paid back in installments and hat too every month. Someone who has to pay multiple installments may be stuck in paying multiple installments and need help from debt management services.

These services provide you with services, which ease you from the stress of making these payments every month and that too n time. The debt management services help you formulate a payment plan, which incorporates all your payments and installments keeping in mind your income and your expenses so that while paying you are still able to maintain your living standards. 

These services are especially to help you manage your money efficiently and maintain your good credit history by paying on time. These services make sure that your are never on the bad debt list of your creditors so that you can enjoy discounts and benefits of a better debtor not only that a good history would help you gain loans from other institutes as well and it will get less likely that any of your loans get rejected by authorities.

The debt management services have highly trained and educated work force which give you all their time to help you draft a plan which suits you the best they not only devise the plan but share experiences and give advice to you when needed.

The experts also make contact with your creditors and are at many times able to get you lesser rates of interest on the guarantee of paying on time. While paying for their services you need not to worry about some of the additional costs that you may have to pay but you should be thinking about how much time you are able to save because of them. You won’t have to rush to the banks and to your creditor’s offices, rather the service provider will take care of all this hassle, giving you more time to spend with your family and at your work
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A good management plan Is however a key factor which one should consider while hiring any of such services. You should always scrutinize the plan in detail and if possible, you should always consider multiple service providers so that you get the best of the plans, which help you go through a month very smoothly and still maintain your good credit history. A good plan would always help you not only to maintain but to also to improve it.

Anyone can seek debt management services through the internet or through many banks. These days many banks themselves offer their clients these services, if they have taken multiple loans from the same bank.

CONVERTING A-LOSE-LOSE SITUATION INTO A WIN-WIN ONE

Moneyexpert.com is one of the leading debt management companies in United Kingdom many years of experience and thousands of satisfied customers are a guarantee that we know our job and we do it very well. We think our methodology is the best of the market as we combine financial education with the help you need to pay your debts; the final result is our customers end their debts and improve their credit ratings.

We believe our customers should get a bonus because they are making the effort to pay their debts, many companies would advise people to go for a bankruptcy process; we do not. Many people think that cleaning off their debts with a bankruptcy process will be kind of a free lunch when you come take as much debt as you can and when you see it will be impossible to cope with so much debt you start a bankruptcy process. Filing a voluntary bankruptcy process at the administration of the bankrupt person´s affairs is simple and costs little money and many people may think it is the best way to get off a heavy burden like a debt is.

But we disagree because when a financial company which is your creditor by the way, does not get the money back they only thing they can do is to use your personal information very smartly. How do they use it? They sell your personal information to other lender and to credit reference agencies which advise lenders on how much money they can lend to a person or a company. Once your spotless record at the credit rating company has been tarnished with your voluntary bankruptcy, the damage has been done and for a long period time.

It is true that your name will be written on the Individual´s Insolvency Register for a limited period of time, which is 3 months after your bankruptcy case has ended, the Land Registry if your property is no longer needed to pay your bankruptcy and the Land Charges Register where your name will be after 5 years from the date the court made you bankrupt.

That means your name will be severely exposed to anybody who wants to investigate your finances and they can do without your consent and it is totally legal. Bankruptcy will tarnished your credit worthiness in a way that will not be ease to clean and you will have to spend a bunch of time (or money) going from credit agency to credit reference agency to clean your good name updating all the information regarding you are free of your bankruptcy and even so many financial institutions will not give you a loan after having updated your credentials at the credit rating companies just because of the fact you were bankrupt.

This is the reason why the best debt management advice is so important, being indebted is transitory but your good name and credit worthiness will accompany you your whole life.

There are more reasons to get always debt management advice, bankruptcy may sound like an easy process to get rid of your debts but take in account your assets will be compromised too. When you file for a voluntary bankruptcy you will have to be true with the Official Receiver and give all the information regarding your assets and debts, moreover your savings, bank accounts and your pensions could be endangered in a process of bankruptcy.

If you did not get the best debt management information, you would get wrong ideas regarding how to dump your debts, and many professionals will tell you bankruptcy is the easiest and fastest way to do it.

Please visit us at moneyexperts.com and let us provide you with all the legal information available and all our experience accumulated in many working years helping debtors, so you can come with the best solution.

Our debt management advice can be summarized in these important points:

• There is no free lunch

We always advocate for the better debt management advice because in a debt process nothing will be free, just anything will come with a price tag and not always in the form of goods, it can be in the form of money like the assets you will have to sell during a bankruptcy, in the form of money as the Official Receiver or the trustee will have access to your bank accounts and pensions, or the in form of intangibles like your good name, reputation or credit worthiness. Be sure of one thing your creditor will try to get the best deal he can from your bankruptcy and the Law allows him or her to sell even your personal information.

• Nothing is easy

When we talked about informed decisions and debt management advice we mean we will give the whole package. The whole package regards a crucial point regarding indebtedness how much can I spend to live and how much can I save from my different sources of income to pay my debts. We will do our part which is in many cases bundling the debts and always getting lower interest rates to give you much needed breathing space and time, in order you begin reducing expenses and looking for another type of revenue and income. Do not despair with the debt management information we will inform you about many opportunities to expand your income like buying a laptop instead a tablet and get some job on the Internet like online assistant.

• Crisis can turned into opportunities
  
  
  

Taking action regarding your debts is the best thing you can do and we will tell you in our interviews about debt management advice. Once you have all the debt management information you will take the a sound decision and we will work with you covering all the important areas and we will help you to turn a sour accident with into a happy new beginning of a life where debt is necessary but for important matters that will be productive for our living and for our income, the laptop example. Let us show you credit worthiness is important and using credit with good and safe principles can make you more prosperous, happier and confident.

Debt Advice by the shedload; what’s good and what isn’t?

The web is full of debt management advice, some of which is genuine and some of which is little more than advertising for one debt management firm or another.

Filtering out the good from the bad looks daunting.

When it comes to companies advertising, the thing to look for at the top of their website is the DEMSA [Debt Managers’ Standards Association] symbol.  There may be other awards shown including the Trading Standards triangle of approved companies, but it’s the DEMSA one which counts. Many companies will give free advice in the hopes that you will pick them to manage your debt.  Free advice is always good, but make sure the advice is free because there are companies out there which do their best to fool the unwary web browser into thinking that they are charities when in fact, they are not.

To be absolutely certain of getting free, impartial debt management advice, it is best to consult a charity like the Citizens’ Advice Bureau.  

Other charities include StepChange, the Debt Advice Foundation, Christians Against Poverty and others. There are others available to consult, including a charity to help with advice to small businesses and the self-employed that have fallen into debt. 

Government sponsored schemes include the National Debtline and, for those people who qualify for legal aid, Civil Legal Advice [formerly Community Legal Advice] though this last is not available in Scotland.

The best debt management advice of course is don’t get into debt; but in the modern economic climate this is rarely a practical option. However it is possible to manage debt before borrowing by saving as much as possible before borrowing, and making sure you know exactly how much is coming in; and how much is going to be going out on repayments.  It sounds simple, but too many people seem to rush into borrowing without considering the long term implications; and too many financial institutions have been willing to lend profligately.  Also simple is the idea of shopping around for a loan.  Very few people would purchase white goods without comparisons of brands and stores; yet there is less tendency to shop around the financial institutions that offer loans.

Having once got into debt, and preferably before getting into trouble, it is as well to research your rights as a debtor.  The Office of Fair Trading issue a 66 page advisory document to creditors; whilst not quite debt management advice as such it is certainly debtor rights advice within the guidelines to creditors. 

Having got into debt, payment of debts should be prioritised, and the most important considered first.  Most Debt Management Advice  bodies or pages will help you to find out which debts should be given priority. 

Perhaps the most important debt management advice is to do something positive before you find court orders and repossessions tumbling about your ears; there are debt management plans available to permit you to make arrangements that are mutually beneficial to you and your creditor[s].