Debt help

Is there such a thing as free debt help?

At Baines & Ernst, we’re committed to offering our clients clear advice and expert debt management solutions. We understand how difficult it can be dealing with debt, that’s why we offer free initial debt advice to help you find the best solution for your problems.

speak to our experienced team for free on 0800 096 1331.

Fees only apply when you decide to proceed with a debt service such as a DMP or IVA. This means you will be paying for our expertise in handling the repayment of your unsecured debts and negotiating more manageable rates with the creditors you owe money to.

Whatever your financial situation, we believe we have a solution that can help you manage your debt problems. So whether you want to clear your debts, need help saving money on bills or would like to open a bank account that doesn’t impose hidden charges, we’re confident we have the solution for you.

If your finances are stressing you out, the best thing to do is speak to one of our expertly trained advisors who will provide sound advice on the services available to you.

How will a debt management service help me out of debt?

At Baines & Ernst, we specialise in Debt Management Plans which are designed to help you get your finances back in order. Our professional team will negotiate lower repayment rates with your creditors on your behalf and request that interest rates and charges are frozen.

In short, we can streamline your repayment structure whilst alleviating the pressure of dealing with several creditors at one time.

By entering into a Debt Management Plan, you will be making regular monthly payments to your creditors which will help you work towards clearing your debts. However, if you choose to repay your debts at a reduced rate, then this you could extend the repayment period.

What kind of debt help do you need?

If you have debts in excess of £2,000, have proof of income and a minimum disposable income of £80 per month after paying bills and general living expenses, a Debt Management Plan could help you work towards a future free of debt.

If your financial circumstances are different to the criteria listed above, we could still help you deal with your unsecured debts.

At Baines & Ernst, we also specialise in:

Individual Voluntary Arrangements: Interest rates and charges frozen and any remaining unsecured debts included in the IVA that still exist at the end of the term (normally 5 years), will be written off.

Debt Relief Order: This is an alternative to Bankruptcy for those with little assets or disposable income. This solution can help you clear unsecured debts.

Bankruptcy: Although restrictions apply, you can clear unsecured debts by going bankrupt. However, this type of solution should be considered as a last resort due to the repercussions as assets including your home, business and possessions could be used to repay your creditors.

If you are interested in opening a bank account that gives you more control of your finances, we recommend you contact  Evolution Banking.

For more information on how we could help you clear your unsecured debts, speak to our experienced team for free on 0800 096 1331.

*£603 is the average saving per month based on a sample of 18,500 Baines & Ernst customers.