We have teamed up with EuroDebt Financial Services, a specialist and independent fee charging Debt Management Company that has offered Debt Adjustment and Full & Final negotiation services since 1996 and has been operating Debt Management Plans (DMPs) since 2000. They offer a full range of Debt Solutions, including DMPs, Individual Voluntary Arrangements (IVAs), Scottish Trust Deeds, Bankruptcy Assistance and Property Disposal.
Every client has a face-to-face meeting, which we believe is the most effective, timely and personal method of collating and witnessing critical income & expenditure information to prepare independent proposals to your creditors. Dealing with your debts can be emotive, but once you have made a decision to take action then seeing a debt advisor quickly is important.
A wealth of Debt Management experience
EuroDebt are currently helping over 25,000 people with serious debt problems relating to over 150,000 active payment plans with over 3,700 creditors, including all the major banks and credit card issuers, amounting to over £500 million of unsecured debts. Since 2000 they have negotiated with lenders on over 300,000 individual credit agreements to establish reduced payment arrangements with an excellent record of freezing interest & charges.
For many clients a DMP is appropriate as a transitional programme where adverse personal or household circumstances create major reductions in household income or increases in expenditure. Entering a EuroDebt scheme demonstrates to your creditors that you are taking a responsible attitude to your financial affairs until you can resume paying contractual commitments or settle your debts. There will be circumstances where a formal arrangement is required with your creditors, in which case an IVA or Bankruptcy may be applicable. Ultimately it your preference that is important, subject to your eligibility for any given debt solution.
We can assist anyone with more than £3,000 of debt with 2 or more creditors. An IVA may be applicable if you have unsecured debts over £25,000. On average, EuroDebt’s clients have 8 creditors and around £29,000 of unsecured debt. For homeowners the figure is over £35,000 with nearly 9 creditors. It is not uncommon to see clients with over 20 creditors and £100,000 of debt.
As a general guideline we require you to be able to pay at least £85 towards a DMP or £250 towards an IVA each month after allowing for all your allowable expenditure. We will, however, take account of special circumstances and situations where we need to allow for repayment of arrears to priority creditors, such as your mortgage lender or landlord.
We routinely deal with clients who are self-employed, retired or on benefits.
Industry Knowledge
EuroDebt’s senior management team have held executive roles in a number of leading credit granting and credit services organisations, including, leading banks, mortgage providers, credit reference agencies, debt collection agencies and with industry bodies. Understanding how the credit industry operates is very important in representing our clients with unmanageable debt problems.
National Network
EuroDebt has over 100 experienced and licensed debt advisors that visit you in the privacy of your own home or as joint meetings with us. The debt advisors are supported by over 160 office based client support staff, whose primary focus is to ensure the debt solution services are professional and personally delivered to you.
A very personal service
You are assigned a Personal Case Manager and their role is to look after your best interests.
All our new clients are now surveyed 6 months after the start their debt solution. Since July 2007, 76% of the clients that responded confirmed that they would recommend someone in similar financial circumstances to EuroDebt.
