In 2017, households in Britain spent around £900 more on average than they received in income. Only last year it was discovered that payday loans and credit cards reached a high of more that £205 bn and Brits are also feeling the pressure to pay overdrafts off from banks such as Halifax in 2018.
How can you write off a large portion of your debt?
Well, the short answer is that changes in legislation mean that you can write off your unaffordable and freeze interest charges. Thousands of people across the UK have chosen to turn to this method to help them through their tough financial situations. This solution has helped them with bills, bank overdrafts, credit cards and a lot more!
How can you write off your debt?
With the help of a professional organization that can give you the right help and advice, you’ll be able to find a solution that suits you. The company you choose to help you will set up a debt solution with the companies you owe money to so you can pay a lower and more affordably monthly payment.
What will you pay?
This all depends on how much you owe and what your earnings are now. An amount will be agreed with the companies you owe money to and they will freeze your charges and interest and stop all payment notices. After 5 years, you will most likely have paid off all of your debts!
How do I know if I’m eligible?
If you owe £6,000 or more and you owe money to more than one creditor, then you could be eligible. We can help you find out if you qualify and get you on your way to writing off a large portion of your debt.
Use our debt calculator below to find out if you qualify. We can help you start your journey towards a debt free life today.