Debt Solutions: Debt Compromise Agreement

By: Ifds  05/12/2011
Keywords: Compromise Agreement

If your debts greatly exceed your assets and it is extremely unlikely that you will be able to repay your creditors in full, then an agreement can be negotiated with your creditors to write off a substantial portion of your debt.

With a Compromise Agreement it is possible to:

  • Only pay back the debts you can afford
  • Write off a substantial portion of your debt.
  • Prevent or stop legal action - including bankruptcy
  • Pay back an agreed, fixed amount each month within a fixed period
  • Get protection from your creditors
  • Freeze interest and charges (including legal fees)
  • Eliminate the stress of dealing with your creditors

Our expert advisers will provide free and confidential advice, talk to you about your circumstances and, providing you are eligible, negotiate a lower, affordable payment based upon what you can realistically afford. We will mediate with your creditors, organise all the paperwork and once the Compromise Agreement is finalised, take care of the ongoing administration for the duration of your Compromise Agreement.

Keywords: Compromise Agreement

Contact Ifds

Email - none provided

Print this page

Share

Other products and services from Ifds

05/12/2011

IFDS - Debt Solutions: Debt Management

We will mediate with your creditors, organise all the paperwork and once the Debt Management Plan is finalised, take care of the ongoing administration for the duration of your Debt Management Plan. If your repayments exceed your income and you find it difficult to keep track of your finances we can implement this procedure which will enable you to make one affordable payment each month. Regain control of your finances.


05/12/2011

IFDS - Debt Solutions: Debt Consolidation

If you find it difficult to make your repayments each month and own your own home which can be used as security this may be a viable solution. By assessing your financial situation we can find the right debt consolidation loan from our panel of lenders. Our experts will advise on a wide variety of options and will recommend the correct option for you. Don't worry if you have a bad credit history, we might still be able to help.


05/12/2011

IFDS - Debt Solutions

Our professional approach to advising people with debt is based on our fully understanding each client?s individual situation in order to recommend the best solution while maintaining good relationships with their creditors. Write to you in simple terms setting out what you need to have with you for the consultation. Advise your creditors of your situation and our recommended solution. This consultation is free of charge.