The costs and procedures of debt solution programmes
There are several options these days for those who are struggling with debt, and each of them offers a range of benefits and disadvantages that have to be taken into consideration. Here at Bluesky Finance, we can talk you through each of them, explaining clearly how they all work and what they can do for you.
Far too many people have mounting debt problems these days. If you ever worry that you’re alone in your situation, we can assure you that you’re not. We’ve helped men and women from all over the country in recent years, and we continue to work hard to help them escape the spiral of debt. During such difficult times, support is absolutely crucial.
Each of the options that are available could have a monthly management fee, although Bluesky Finance doesn’t charge a fee to you at all. If there is a cost involved, it will be levied by the provider. It will usually be added to the overall pot and paid out as part of your ongoing costs for the duration of the scheme, so you can rest assured there are no additional fees at all.
Creating a budget that works for you
Knowing what you will have to pay each month is crucial for those with significant debt. It’s almost impossible to budget properly when you have several creditors all demanding a slice of an ever decreasing pie. With debt programmes like an Individual Voluntary Agreement or a Trust Deed, you’ll know exactly how much you’re paying, so there are no nasty hidden surprises.
The procedures involved will vary from scheme to scheme, of course. The one that will be best suited to your needs will depend on how much you owe, what type of debts you have and your personal situation, but don’t worry, PDS can explain all you need to know. In many cases, you will need to appoint a trustee or insolvency practitioner to help and represent you.
It might seem as though the debt problems you have are impossible to solve, but it doesn’t have to be that way at all. We at Bluesky Finance offer sympathy, understanding and reliable, practical guidance. Call our friendly team today on 0141 488 2212 for more information. We look forward to having a chat with you.