To begin debt consolidation you have to have a plan. Here is how a traditional debt consolidation business meeting goes. First you fill out a form regarding all of your financial information. This means any car loans, personal loans, mortgages, credit cards, and other sources of credit that you have will be listed. You will list how much your monthly utility bills are, your grocery amounts, and your gas amounts as well. The other items to list are going to be your income. If you have any loans that are in default or you have missed any payments you need to list that on the form as well. You don’t have to bring your credit reports, but it is a good idea to have that information available to you personally as well as your credit scores.

Once you have gathered all of the data you will speak with one of the debt consolidation financial advisors. They will sit down with you and this is the step where you learn about debt consolidation plans. The advisor is going to go over your expenses versus your income. They will also look at any loans in default or missed payments to determine what your plan should be. For an example, if you are making your payments on time every month, but need to save a little money they may offer places where you can save. The advisor may mention that starting a savings account, dining out less, or using less gas if you make a lot of trips to the grocery store could be ways to save. The worst case scenario is that the plan will lead to a bankruptcy class and you will then have to file for bankruptcy. In most debt consolidation plans the advisor is going to recommend a debt consolidation loan that will help you combine your loans and credit cards into one low monthly payment. This will help you with saving money as well as getting the debts paid off in a timely manner.

Dont let thishappen to you

Personal Experience of Debt:

3 years ago, I had 2 successful businesses and a 1.2million property portfolio but I also had 140k of personal & business debt. So I entered into an IVA, but I chose the wrong advisors. The IVA failed, my debt increased to approx 400k & the Insolvency practitioner (unfortunately, I chose a shark) made me bankrupt. I not only gained valuable knowledge from this experience, but I also made many excellent contacts including some of the top Insolvency practitioners in the UK. I now get huge job satisfaction by passing on this knowledge & experience to other people who find themselves in debt.

Professional Experience of Debt:

Im a Chartered Accountant / Chartered Tax Adviser with many years experience of working with Insolvency practitioners, Debt Advisors, Financial advisors etc I now know which advisors to use, and just as importantly, which ones to avoid.

Enter your details in the form on the right hand side of the page or Call me now on 0800 533 5370 to take advantage of my experience and to ensure you choose the right debt solution and just as importantly the right debt advisor