Can
I borrow money from either ‘Debt-Helper’ or ‘1StopCredit’
to pay off my debts?
We do not pay off your debts for you in the form of ‘another’
loan. Our financial management plan allows you to pay off your debts
at an affordable rate.
Will
I need to inform my creditors that I am on a financial management
programme?
No, once we have all your latest account information and statements
we will be able to deal with your creditors directly for you. We
will contact your creditors and verify with them that the information
you have given us is correct and from that point they will be aware
that your finances are now under management.
Who can I contact if I have any questions concerning my finances?
Each of our clients will have their own designated Personal Account
Manager. Whenever you have any questions you will be able to discuss
matters with them personally.
By how much will my monthly repayments be reduced?
Your monthly
repayment will be tailored entirely to your individual needs. It
is based solely around how much you can afford.
What happens if I start to struggle with the restructured payments?
If you encounter
a change in your personal circumstances and you find that your monthly
repayment becomes too costly for you, we can reduce it further,
dependant on your circumstances.
How will I know my creditors are being paid?
You will receive a fully itemised statement each month. This will
clearly itemise your monthly payment and how much each creditor
has been paid on your behalf. You will normally continue to receive
statements from your creditors as well.
Will this affect my credit rating?
If you are currently experiencing debt problems it is a possibility
that one or more of your creditors may record information with credit
reference agencies such as Equifax or Experian. Details may already
be on your credit file if you are, or ever have been, behind with
your payments.
What
happens if a creditor contacts me?
Just forward all correspondence onto us. Any calls or letters that
you would normally receive off your creditors will usually cease
once a regular payment system has been established.
What happens if I want to stop my finances being under management?
If you chose to stop your management programme you could lose all
of the advantages the program provides, including a single monthly
payment, lowering or eliminating interest, lowering your total monthly
payments and avoiding unpleasant collection calls.

Not a loan, no credit check, no
home ownership needed, no obligation! |