www.larry-the-loan-broker.co.uk – Personal Loan Broker Service

If you have been refused credit and loans you will not help yourself if you continue to make further loan applications. This is because each time a potential lender searches your credit report, they often leave a record that you have been accepted or declined for that application.

Should you be declined, it is a warning or alarm bell for the next lender to see that application/s have been made but have not been successful.

You should take advice as to where you could obtain finance.

How to Find Personal Debt Consolidation Help and Advice in Scotland, UK

Have you been struggling to find personal debt consolidation help and advice in Scotland?

  • Do you live in Scotland and need to find professional, trustworthy and reliable, personal debt consolidation help or advice?
  • Are you struggling to find a way to get out of debt?

Have you been told that the law in Scotland and solutions available to solve debt problems in Scotland differ to those available in England and throughout the rest of the UK?

If you live in Scotland and need to clear personal debt problems, there are a few widely recognised, and government approved debt solutions available to help you manage and more importantly clear unsecured personal debts such as Catalogue Debts, Credit Card Debts, Store Card Debts, Personal Loan Debt and other unsecured credit commitments you may be struggling with.

The following are links to an article that will help you understand better the different solutions available for Scottish residents to consolidate personal debts.

When considering which solution to explore to clear personal debt problems it is important to consider the total you will repay.

Usually you will qualify for one particular personal debt solution. However, if you qualify for two, it is important to make sure that you choose the correct debt consolidation solution that is right for you to move ahead with.

Debt Consolidation Loans are the first option people in debt tend to explore or apply for.  This can be a very expensive way of clearing debt if you do in fact qualify for the loan.  You should always check the total repaid and do not consider securing 2nd charge loans against your property if you are a home owner as the consequences can be very hard to deal with should you default.  This is because if you fail to keep up repayments on a debt or other loan secured against your home, you are at risk of losing your home due to repossession.

If you need to find reliable debt consolidation help and advice and would like to speak with a UK based trained personal debt consultant, please contact the Lewis Alexander Financial Management personal debt helpline using;

  • Call Free Today:  0800 018 6868
  • Lines are open 24 hours / 7 days
  • Calls to 0800 numbers are usually free from a UK land line
  • Calls from mobiles may be less expensive by using 0161 872 3383

Personal Debt Solutions that actually Work

How to find personal debt solutions that actually work!

The above are some of the questions that people suffering with personal debt problems think about on a daily basis.

  • These questions keep cropping up if the individual does not seek professional debt help.

Then, over time, the personal debt problem compounds and becomes a greater problem than it was originally. This often changes the debt solutions available for that person as time delays in dealing with a debt problem do not help and can make huge differences regarding what personal debt consolidation solutions are then viable when the person actually decides to deal with the debt problem.

If you think you have a personal debt problem and are struggling or having difficulty in finding a personal debt solution, you can contact our debt helpline 24 hours a day / 7 days a week in absolute confidence.

  • Call 0800 018 6868

At Lewis Alexander Financial Management we specialise in helping people to clear personal debt problems even if they have previously been refused credit or debt consolidation loans.

  • We use only bona fide personal debt solutions available to assist our clients out of debt.

These include Structured Repayment Plans / Debt Management Plans, Debt Consolidation Loans, an IVA or (Individual Voluntary Arrangement) which is the solution for personal insolvency in England. In Scotland a Protected Trust Deed is the alternative to the IVA in England, Wales and Northern Ireland. We may suggest a Debt Relief Order or even a remortgage if you are a homeowner with enough equity in your home to refinance.

There are more personal debt solutions available but the above is a selection of the most commonly used personal financial management tools in the last 10 – 20 years throughout the UK.

At Lewis Alexander we can help you to solve a debt problem if that is what you find you are struggling with. The more committed an individual is to getting help and sorting the financial problem they may have, the greater we are able to help that person.

  • Get in touch with a personal debt advisor today
  • 0800 018 6868
  • Lines are open 24 hours a day / 7 days a week and your call is usually free from a UK land line, mobile call costs may vary.

Debt Consolidation Advice and Help Services

  • Get the help and advice you may need to clear your personal debts for good!

We see and hear the same patterns all the time when speaking with a consumer struggling to consolidate personal debt.

  • People are always nervous when they feel threatened!
  • Being in debt threatens your entire life so it is totally understandable to be consumed by a debt problem!
  • Thankfully though, you can obtain debt consolidation help and advice to clear debts that may stop you worrying so much about them!

Getting reliable financial help and advice or information about personal debt solutions is always the first priority when tackling a debt problem.

Getting out of and dealing with debt is no different as you have to treat it as you would any other problem in life.

  • First … get the best information available from a reliable source
  • Second … Devise a plan of action to clear off the most important or expensive debts first
  • Third … Get your creditors to agree to your plan, then stick to it.

We hear so often that if people had faced the problem as soon they recognised their debts were getting out of control, the recovery process of clearing the debt could have been so much simpler or quicker.

Getting out of debt can consist of one or more of the following debt consolidation or debt management;

A debt management plan is normally a process of informally negotiating the reduction of interest being applied by creditors and extending the original loan term with your respective creditors. A debt management plan is not a legally binding agreement and does not guarantee that interest and charges will be frozen.

An Individual Voluntary Arrangement is a formal repayment agreement between you and your creditors that can freeze the interest and charges being applied and reduce the amount to be repaid in total. An IVA is a legally binding agreement which usually has a fixed repayment period of no more than 60 months with an exact end date. Conditions do apply especially if you are a home owner with equity in your property.

A Debt Consolidation Loan is a way of financial debt consolidation that allows you to put all your personal debts into one new debt by taking out a loan to pay them all off and then having one simple repayment each month. It sometimes means that you are paying less each month with a debt consolidation loan but can mean the debt is spread over a longer period of time.  This form of debt help is often the most desirable but not always the best advice for someone trying to get out of debt for good.

If you do not address personal credit card debts your financial life could become so hard to manage that you end up having to face entering or enduring one of the following consequences of being in personal debt;

Try not to let it get to this stage, there are alternatives to Bankruptcy.

Women on Maternity Leave struggle with Finances

  • Women on Maternity Leave are struggling with Finances and Money Worries

A report out today suggests that 30% of women on maternity leave are falling further into personal debt using credit cards and overdraft facilities to support them financially through the pregnancy period.

10% of women are cutting the maternity period short and returning to work early just to try to stop the financial pressures building up further. Some are seeking help and advice from a debt consolidation service.

Most of the mothers surveyed claimed that income in the family home had reduced by approximately 40% and they were turning to family assistance or loans and credit companies to get by.

Most women are cutting short the time they take as maternity leave and this is only to try to boost income and reduce personal debt levels that are rapidly building.

If you are pregnant in debt and require assistance to clear credit cards, loans, store cards, catalogues and overdraft debt then contact a personal debt consolidation service today.

Lewis Alexander Financial Management can help you to clear unsecured debts and consolidate them into one monthly repayment without the need for another loan.

  • Contact the Lewis Alexander personal debt helpline today in confidence using 0800 018 6868.
  • Lines are open 24 hours / 7 days and your call is usually free from a land line.

Living Abroad and Struggling with UK Personal Debt?

Lewis Alexander is a Financial Management company in the UK and we have 10 years experience of helping Expats and UK residents living outside of England, either on a temporary or permanent basis.

Dealing with the minimum payments on credit cards and sending payments to loan companies can get very tedious from abroad and it can help to have a company dealing with the creditors for you.

Not everyone should enter into a personal debt consolidation solution and our clients personal circumstances dictate the advice we give.  There are free charities such as the Citizens Advice Bureau and the Money Advice Service set up by the government which can all help you to understand how to deal with personal debt and the stress associated with it from abroad.

Sometimes people are staying abroad and have no intent on returning, whilst others are planning on returning to the UK and wish to make some positive arrangements so they are not in financial distress when they return.

Help and advice is available from Lewis Alexander and the lines are open 24 hours a day for you to call.  We deal with people across the world who are Expats of the UK in debt, living in places such as Dubai, USA, Germany, France, Italy, Belgium, Poland, Iraq and Afghanistan.

If you wish to pay for debt assistance and have a dedicated company responsible for managing your personal debt commitments then please call Lewis Alexander;

Your call may not be free from abroad and you should check the cost with your phone provider before calling.

More Single Parents Apply for Loans reports Netmums Survey

  • The growing and respected website Netmums has reported that more and more single parent families are turning to payday lenders and other means of credit and loans to support them whilst struggling with rising household costs and bills.

Netmums surveyed around 2000 members this month and questioned mainly what impact the current economic climate was having on these families.  Some of the findings seem quite harsh but evidence really how tough it is out there for normal everyday people who are just trying to get by.

  • The survey said that 20% of mothers are going without meals to make sure the children can eat.
  • One in twenty are taking out payday loans, 1% are turning to loan sharks to keep things going.
  • 25% are living on credit cards.
  • 50% of families are selling or pawning items.
  • Two thirds have less disposable income this year when compared to last due to reduced household income.
  • 16% are being treated for stress issues directly relating to personal financial problems.

Over half of all people surveyed stated that if they were to suffer another change in circumstance such as further reduced income from benefit changes or increasing child care costs, they will fall into a position of hardship. A number felt suicidal due to due to the pressures and stress of debt problems and the lack of ability to see things getting any better.

Whilst borrowing from friends and family is sometimes but not always possible, it is not a long-term solution to the problems faced.  What is most worrying and shocking is that people who would normally be living modest and frugal lives but getting by are now living on the edge financially.

  • Netmums did get a response to the survey from the Department of Work and Pensions who said;

“Our welfare reforms will have a dynamic impact on some of the poorest families and will lift over one million people out of poverty. We continue to support low-income families and put £6.5 billion a year into financial support for lone parents, but we know that debt remains a real driver of poverty.

“This is why we need credit unions to be supported and strengthened to ensure that illegal loan sharks can’t plague the homes of vulnerable people and offer a real alternative to doorstep and payday lenders. We are working on the best ways to help credit unions expand and modernise so that more families can have access to affordable credit.”

As a debt help and advice service we speak with many people every day in the same position.

We must stress that it is human nature to continue to search for more credit as a way out of debt, however, we must also stress that when an individual is given advice that another loan is not the best option, they should take this advice and consider it.  Most consumers think that if they put the phone down and call another company they will eventually get the further credit or loan.

The reason why people are falling into the arms of these high rate lenders is because advice once sort has not been taken or more importantly acted upon if refused a loan.

The problem of not having a disposable income leads to further financial management issues that require the individual to make arrears repayment arrangements with utility or credit providers.

  • The consumer will usually increase the “loan shark” supply base as they tend not always to act on the best advice!
  • Most people do take the advice given and those that do tend to see some sort of organisation in the situation even though it is not one they wish to be in.

For further debt advice UK regarding personal debt issues and the problems and stress associated with being in the clutches of doorstep and payday lenders, call our debt helpline free from a land line today in absolute confidence using 0800 018 6868.

Lines are open 24hrs / 7 days.