Debt Advice

Debt can be overwhelming, especially when it seems like there is no end in sight. If you are struggling with debt or cash flow, our debt advice services can help you get back on track.

We can provide guidance on debt consolidation, debt management plans, and debt settlement options, so you can find the best solution for your financial situation. 

Whether you’re an individual or a company, our expert team can help you take control of your debt and find a path to financial stability.

We can provide you with a one-off advisory consultation, on-going support and even further advice on possible insolvency solutions. Let us help you find the solution to your debt that is right for you.

  • What is debt advice?

    Debt advice is a service provided to individuals or businesses who are struggling with debt and typically involves working with a trained professional, to review the individual or business’s financial situation and develop a plan for managing and reducing their debt.

    The goal of debt advice is to provide individuals and businesses with the tools and resources they need to better understand their debt and take steps to address it. Debt advice can include a range of services, such as budgeting advice, debt management plans, debt consolidation, and bankruptcy advice.

    Debt advice can be provided by a variety of organizations, including charities, government agencies, and private financial firms.

    If you are struggling with debt, seeking debt advice can be an important first step in taking control of your financial situation and developing a plan to address your debt.

  • How can debt advice help?

    Debt advice can be helpful in a number of ways, depending on the individual or business’s specific financial situation.

    • Understand your options: An advisor can help you understand the various options available to you for managing your debt, such as debt management plans, debt consolidation, or bankruptcy.
    • Create a budget: An advisor can help you create a budget that works for your income and expenses, and can help you identify areas where you can cut back on spending to free up money to put towards paying off your debts.
    • Negotiate with creditors: An advisor can help you negotiate with your creditors to try to get them to agree to reduced payments or lower interest rates, which can make it easier for you to pay off your debts.
    • Avoid debt traps: An experienced professional can help you identify potential debt traps, such as high-interest credit cards or payday loans, and can help you develop a plan for avoiding these in the future.
    • Provide emotional support: Being in debt can be stressful and overwhelming, and a debt advisor can provide emotional support and guidance to help you stay focused and motivated as you work to pay off your debts.
  • What are the different types of debt advice available?

    There are several different types of debt advice available, and the most appropriate one for you will depend on your individual circumstances.

    • Debt management plans: This is a type of debt advice where a third-party company negotiates with your creditors on your behalf to try to get them to agree to lower payments or interest rates. You then make a single payment to the debt management company, which distributes the funds to your creditors.
    • Debt consolidation: This involves taking out a loan to pay off your existing debts, and then making a single payment on the new loan. This can be an effective way to reduce your monthly payments and simplify your finances, but it’s important to make sure that the interest rate on the new loan is lower than the interest rates on your existing debts.
    • Individual voluntary arrangement (IVA): This is a legally binding agreement between you and your creditors that allows you to pay back your debts over a fixed period of time. It’s a good option if you have a large amount of debt and are struggling to keep up with payments.
    • Bankruptcy: This is a last resort option for people who are unable to pay back their debts. Bankruptcy can have serious long-term consequences for your credit rating, so it’s important to seek debt advice and explore all other options before considering this route.

    It’s important to seek advice from a qualified debt advisor to help you choose the right option for you.

  • How much does debt advice cost?

    No matter what debt relief solution you choose, it’s important to understand the fees associated with it. Debt services typically charge a percentage, of the total amount you owe but will be based on your financial position.

    The cost will vary depending on the type of advice you receive and the organization providing it. It’s important to ensure you choose a reputable organization or advisor, and to be clear on any costs or fees before agreeing to any services.

Do you need insolvency help? Call us today: 028 9344 0096

What our clients are saying...

5 Out of
5 stars

Gabriela Nester

Exodus Insolvency provided me with exceptional service during a very difficult time in my life. Their team of professionals were knowledgeable, compassionate, and understanding throughout the entire process. They helped me navigate the complex world of insolvency and made it much less daunting. I would highly recommend Exodus Insolvency to anyone who is struggling with debt and needs help getting back on track.

Dee McCallum

I cannot thank Exodus Insolvency enough for the support they provided me and my business. When I realized I was no longer able to keep up with my debts, I was afraid that my business would go bankrupt and that I would lose everything. However, Exodus Insolvency provided me with expert advice and helped me create a realistic plan to manage my debts. With their help, my business was able to survive, and I am now back on the path to financial stability.

Daniel Klein

Exodus Insolvency is a lifesaver! After struggling for years to pay off my debts, I decided to seek professional help. I am so glad that I found Exodus Insolvency. They were able to negotiate with my creditors and come up with a payment plan that worked for me. Their team was professional, friendly, and always available to answer my questions. Thanks to Exodus Insolvency, I am now debt-free and able to enjoy my life without the constant worry of financial stress.

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