Why choose Debts Solutions?
Responsibilities and unending demands cause an individual to go into debts that sometimes can’t manage. Get frustrated, imbalance, etc…… Struggling with finances leads an individual to debt solutions. Penny solver is ready to bring you out of difficulties by guiding you to connect with the right solution providers that will protect and give you the worth of each penny.
Making the arrangement of organizing the many outstanding creditors who often demand different amounts of money which are spread throughout the month can be stressful and time consuming.
If you have by any means fallen into debts and you have tried all you could to pull out of these unending debts, and it seems nothing is working out, you are on the right page. We at penny solvers provide different options and give a well tailored guide that will ease your burden and finally get you relieved from debts. Our debt relief solutions are; debt management, individual voluntary agreement (IVA), debt relief order, trust deeds…
Frequently Asked Question
WHAT WE DO
Our Expertise & Services
Debt Management Plans
Individual Voluntary Agreement
Debit Relief Order
|1. It take many more years.||1. It takes 60-72 months.||1. Only for those in Scotland.||1. Only for those in England, Wales and Northern Ireland||1. It takes 1 year|
|2. Creditors can still take legal action||2. Legal actions are not taken||2. Legal protection from creditor action||2. Creditor calls/correspondence stopped once the order is accepted||2. Legal protection from creditor action|
|3. Home is less protected||3. Homes are protected||3. Assets can be sold off||3. Homes are protected||3. Assets can be sold off|
|4. Interest and charges are not guaranteed to be frozen||4. Interest are frozen||4. Interests are not frozen||4. Additional charges and interest will be frozen on creditor acceptance of a DRO||4. Interests are not frozen|
|5. DMP will not write-off any unaffordable debt||5. Unaffordable Debts written-off||5. Debts are not written off||5. Majority of any outstanding balances can be written off completely||5. Debts are written off after being declared bankruptcy|
TAKE A LOOK
- Why an IVA can be better than Debt Management Plan Individual Voluntary Agreement is a legally binding contract between a Read More