Credit Restructuring

Financial circumstances can change at any time. It’s not unusual for an individual to find themselves in a position where expenditure exceeds income even though monthly commitments were previously affordable. Increases in the rate of interest that creditor’s charge, the ending of a 0% deal or being made unemployed are just a few of the eventualities many clients experience that can put pressure on your finances.

Our 'Financial Heath check' enables us to gain a full understanding of your financial situation, ensuring that we provide you with a tailor made solution for your individual needs.

If your unsecured credit agreements are making life difficult, we can re-structure your monthly payments so that essential items for living are given top priority and help you regain control of your finances.

Here's how it works:

  • We will review your income and expenditure, how much you owe to your creditors and agree on a figure which you can reasonably afford to pay each month towards your debts.
  • We will relieve you of the stress and burden of managing your finances on a day to day basis, by dealing direct with your creditors for you.
  • We will negotiate with your unsecured creditors and wherever possible, seek to have all your future interest and charges frozen. So rather than just paying off the interest and charges, any payments made to the creditor will go directly towards clearing your debt.
  • We are experts at dealing with creditors and have an excellent relationship with many of the largest. We will instruct all your creditors that they should deal with us directly rather than contact you. They may not always take this onboard initially but it is our job to make sure that the pressure is taken away from you.
  • We will arrange for you to make one manageable monthly payment to your creditors, no matter how many unsecured creditors you have.
  • We will keep you informed throughout the whole process by giving you regular updates and sending out monthly payment statements detailing all payments that have been made to your creditors.

We will constantly review your financial plan to ensure that you are using the best option available to you whatever your current circumstances are.

Repaying debt over a longer period may increase the amount to be repaid. Your ability to obtain credit will be affected in the short term and might be affected in the medium to long term

 

Data protection registration number: Z1633988, Innovative Finance.co.uk Ltd is regulated by the Ministry of Justice in respect of regulated claims management activities. Authorisation number: CRM16687. Registration office 103 Bradley House, Radcliffe Moor Road, Bolton, Lancashire, BL2 6RT. Company registered in England and Wales. Number 05739051. Consumer Credit Licence number: 5739051.