'Debt Problems and how we may be able to help!'
- an essential online Debt Management Guide from Shire Direct!
Online Debt Management Guide - Page 1 of 6:
Debt problems in the UK have increased substantially over the past few months, principally because of the “credit crunch”. The credit crunch is a worldwide problem, and has seriously affected the international banking system, which in turn has impacted on UK interest rates and a sharp downturn on our economy.
More and more people are finding that the recent rises in the cost of living, coupled with increasing interest rates and the credit crunch crisis have meant that their household budgets are strained to a point were expenditure is now substantially exceeding income.
Once in motion, this syndrome can often quickly deteriorate, and the need for effective and rapid credit management is required.
The following course of events may seem familiar:
- Mortgage (or rent) payments have increased.
- Net income has dropped due to loss of overtime, bonus or commission.
- The sharp increase in fuel costs to £5 per gallon or more has taken a further large chunk out of your Net Income.
- Rises in utility bills, such as gas, electricity and Council Tax has put even further strain on your family budgeting.
- Even cutting down on luxuries is no longer stemming the flow.
- You start robbing Peter to pay Paul, and worse still you start to borrow on credit cards or loans to keep up your repayments!
- Soon your credit lines are exhausted.
- Your expenditure is substantially exceeding your income – monthly repayments are being missed, credit defaults and even county court judgments are being served on you, your mortgage (or rent) instalments are have not been made – and eviction is looming.
- You are at the end of your tether and there is nowhere else to turn…. or is there?
Well, yes there is!
Here at Shire Direct we’ve been providing our customers with a range of financial services products for more than 20 years and have recently introduced a new range of Credit Management Solutions.
By providing an extensive range of solutions, our aim is to help our customers to regain control of their finances. Our principal objective in these situations is to focus on their priority debts, such as mortgage (or rent) repayments.
In addition to our traditional mortgage and loan products, we now offer a range of credit management solutions, including:
- The Debt Management Programme
- Individual Voluntary Arrangement (IVA)
- Full and Final negotiated Debt Settlement
- Sale & Rent Back of your property
Let’s now consider each of the products in detail, and see how they may benefit you.
NEXT: The Debt Management Programme ›
Shire Direct and Shire Direct Mortgages are trading styles of Shire Processing Centre Limited which is
Authorised and regulated by the Financial Services Authority in respect of regulated mortgage products and general insurances.
Registered No: 302389. Commercial funding and Secured Loans are not regulated by the FSA.
Licensed Credit Brokers. Consumer Credit Licence Number: 349999.
Shire Processing Centre Limited is registered under the provisions of the Data Protection Act by the Information Commissioners Office: Registration No: Z6795249. Registered in England & Wales. Company number: 2732202. Telephone calls may be recorded for training, monitoring and security purposes. All applicants must be aged 18-years or over.
