Insolvency debt relief
There are several types of insolvency which offer guaranteed debt relief.
England, Wales and Northern Ireland
Each of these insolvency solutions will write off part, or all of your debts. Once the solution is set up most creditors are bound by it so they can’t continue to pursue you directly. In some cases, you’ll need to make agreed payments for a fixed time, but these will be based on your ability to pay.
However, there are benefits and risks with all insolvency debt solutions, and they may not be suitable for your situation. All insolvency solutions have a serious impact on your credit file, you may lose any valuable assets, and in some cases your home or job could be at risk.
This means it’s important to get impartial and expert debt advice before considering insolvency. There may be better options available for you.
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