Debt advice please.

Ynot · 31 Jul 2020 at 21:44

Hi, someone close to me has gone and got himself into a bit of bother debt wise.
He was looking for advice and would need a trusted company that would take his debt and then he pays a single payment each month.

I can not advice as its out of my league.

Just wondering if some of you might advice or point me/him in the direction of a trusted company that would take over his debt, or what ever way it works.

Thanks guys.

Ynot · 1 Aug 2020 at 00:16

ahh thanks guys, I knew you wouldn't let me down, I'll pass on the advice to him, I wasn't told just how much he owes, it is less than £20,000 he said.

Thank you all so much for now guys, I feel better for him already, really do.

Ynot · 1 Aug 2020 at 11:21

Hi, guys, thanks again, he hasn't said direct but from what I can figure out, its about £15.000 just built up over a bit of time.

I will copy and paste this to him on an email.

What's IVA?

Thanks all so far.

Ynot · 2 Aug 2020 at 13:59

Energize said:
Credit cards, loans? Has he defaulted on any payments?

Yes, all the above.

He was glad of all that advice guys, thanks.

Ynot · 5 Oct 2020 at 20:49

easyrider said:
Individual voluntary agreement...Payplan will contact your lenders..negotiate a payment settlement and once met the rest of the debt will be written off...

One payment, 5 years single monthly payment....once fulfilled the rest of the debt is written off...

Hi Yes, that's exactly what happened, thanks