Debt Help and Advice
Facing personal financial pressure is often a new and confusing position to be in.
All creditors (those parties you owe money to) want to be on the top of your list for what little money that there is.
Continuing to communicate with your creditors (those you owe money to) will help you to have a clearer picture of what might happen next.
Communication is a two way conversation standing by what you’ve promised is important.
An Informal Arrangement is outside of formal insolvency legislation.
In reality the type of “do it yourself” solution can work for a smaller number of creditors and in circumstances where you are showing a positive monthly cash flow position moving forwards. In other words the cause of the problem has been resolved and you’re left to deal with the damage done in the best way possible.