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Wales Debt Management and Debt Consolidation
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Abacus offer UK Residents Advice on Debt in Wales including Aberystwyth, Blaenau Gwent, Bridgend, Caerphilly, Cardiff, Carmarthenshire, Ceredigion, Clwyd, Conwy, Gwent, Isle of Anglesey, Merthyr Tydfil, Neath Port Talbot, Newport, Powys, Vale of Glamorgan and Wrexham.
Ways we can help»
Wales Debt Management
Debt Management can reduce your monthly repayments by up to 70%. All existing credit cards, loans and other problem debts are consolidated into one lower monthly payment. Submit the Instant Advice form and we'll explain how you may be able to pay back less than you owe, but still clear all your debts. more »
Debt Consolidation Loans
Refused a Loans ? We can help people in Wales find a secured or unsecured debt consolidation loan. Even if you have bad credit, a County Court Judgment (CCJ) or have bad credit and been declined a loan already, we can help. We specialise in Debt Consolidation solutions of all types, offering free debt advice to residents of Wales as to their best option. more »
Repossession Help in Wales
Abacus have call help homeonwers in Wales avoid repossessions. We can help if you are a homeowner with mortgage arrears, council tenant or with a housing association. It's never too late to get help. more »
Bankruptcy Advice & IVAs
Avoid Bankruptcy. An IVA may be the solution. This is a legal process offering an alternative to bankruptcy to those with unsecured credit repayments they can't afford. Become debt free in 60 months with up to 70% of all debts written off. Impartial advice, free consulation. more »
Debt Help Information & Guides
A series of informative articles to help and advise UK Citizens who are experiencing financial problems. more »
"We can be managing all your debts within 24 hours"
Debt Management Examples
Our database of real debt managament case studies shows how debt management helps people with wide range of financial and personal circumstances.
View Debt Management Case Studies »
£58,000 of debt - but can't do an IVA.
| Debt: £58,000 | Was paying: £1267/month |
| Now paying: £300/month | |
| Client has £200,000 equity in his home & unsecured debts of £58,000.
His assets are more than his debts, but he can't pay 11 creditors from a monthly income of £1,060. An IVA is not possible as his creditors would never agreed to forgive any debt when he could repay them in full by selling his property. The client does not want to remortage as he has recently become self employed and does not want to risk his home if that does not go to plan. Debt management will never pay off this debt, but it gives our client some respite from his creditors while he focuses on building his business without the fear or court action or losing his home. static link to this case study: DMCaseStudy100.asp |
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Debt Management FAQ
Got a question about our debt management service?
View Debt Management FAQ »
3 Random Q&A's from the database:-
1. How are your charges collected?
Every time we make a round of payments to your creditors on your behalf, we deduct our fee for that distribution. If we do not make a distribution, we do not take our fee.2. Do i need to have a full time job to do debt management ?
No. To be accepted, you only need to have a surplus of income above what you need to live on of at least £100 per month. This surpluss must less than needed to meet current credit and loan repayments.3. Why would anyone with debts over £15,000 do debt management when they could write off debt with an IVA?
Not only do you need more substancial debt for an IVA, you have to be techncially insolvent, meaning your assets must be worth less than your debts. If you have equity in property, that is taken into consideration by your creditors when considering your IVA propsal. Normally you would be expect to remortgage at some point of the IVA period to raise funds to pay into the IVA.[Birmingham] [Belfast] [Lothian] [West Yorkshire] [Hereford and Worcester] [Scotland] [Cheshire] [Manchester] [Warwickshire] [Cornwall] [Shropshire] [Coventry] [Isle Of Man] [Lincolnshire] [Merseyside] [Cambridgeshire] [Leicestershire] [Cardiff] [Bristol] [North Yorkshire] [Derby] [Bradford] [Leicester] [Lancashire] [Buckinghamshire] Debt Management Aberystwyth, Debt Management Blaenau Gwent, Debt Management Bridgend, Debt Management Caerphilly, Debt Management Cardiff, Debt Management Carmarthenshire, Debt Management Ceredigion, Debt Management Clwyd, Debt Management Conwy, Debt Management Gwent, Debt Management Isle of Anglesey, Debt Management Merthyr Tydfil, Debt Management Neath Port Talbot, Debt Management Newport, Debt Management Powys, Debt Management Vale of Glamorgan, Debt Management Wrexham,