If you’re starting to
find you can’t meet your monthly repayments and that the money you owe
is greater than the money you have, or that the interest on your
payments is rising scarily, you’re not alone, and there is help. Don’t
feel overwhelmed and wonder if you’re falling into a financial black
hole. Genuine debt advice is provided by Red 2 Black Debt Management
on a one-to-one basis, and we also offer an affordable debt solution
scheme.
Debt help
Do you need someone to sort out your debt problems from an objective
point of view? To work out your true disposable income, and pay off
your creditors leaving you with a reasonable amount to live on day to
day?
If this sounds too good to be true, think again. Red 2 Black is an
ethical debt management company who will help you untangle your
finances, and get you back on track to clearing your debt once and for
all.
We offer impartial debt advice to help you with your credit card debt,
or debt accrued through taking out a loan or any other unsecured debt.
1. Who is
eligible for debt help?
There are no special conditions or circumstances that need to be
fulfilled. If you’re in debt, no matter how it happened, you’re
eligible for help.
2. What is
secured debt?
A secured debt means that the creditor retains a security interest in
an item of your personal property, such as your house or car, in order
to be sure their money will be paid back. In other words, the loan is
secured against something you own that’s valuable. This means if you
default on your payments the creditor may be entitled to repossess
your home or car to pay off the debt.
3. What is
unsecured debt?
Unsecured debt means you’ve taken out a loan with the promise that
you’ll pay the creditor back (usually within a certain time period).
This is a contract where the creditor advances you money in exchange
for an agreement that you’ll repay the money. If you default on your
repayments the only recourse the creditor has for getting their money
back is through legal action – which is why interest rates are usually
much higher for unsecured loans than secured loans.
Red 2 Black helps people with unsecured debt problems
How can Red 2
Black debt management company help me?
First we need some information from you. We need to know certain
details about your debt, for example, how much the loan was for, or
how much you owe on the credit cards. If you can also provide us with
the creditor’s balances and account numbers it can speed up the
process of getting you help.
We will speak to you on the telephone or in some cases face to face,
in order to get the most thorough understanding of your present
situation. All information you give us is in strict confidence.
What happens
next?
With the information you’ve given us we calculate your true disposable
income by taking into account your income and expenditure. From this
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we calculate an
affordable monthly repayment scheme that doesn’t leave you desperate
for pennies. And this won’t take forever either, as usually we tell
you what you’ll need to pay on the same day, including the
administration charge we need to add in.
If you are eligible for help we will send you our agreement form to
sign and return as soon as possible. And if the initial interview was
conducted face to face you can sign it there and then.
What about
your charges?
Do not worry about our fee – we include this in the repayment
calculation. With Red 2 Black you can start paying off your creditors
immediately on full payment, getting the ball rolling to a
debt-free future straight away.
Who deals with
the creditors?
Having received your signed agreement forms and full admin fee, we can then take over the
whole situation. We will contact all your creditors and inform them
that we are now acting on your behalf, and that they no longer need to
phone or visit you. We ask them for all the current balances, request
they halt all further interest charges, and forward them a goodwill
payment.
You are now on track to settling your debts and loans in the near
future.
What if the
creditors contact me?
You may, from time to time, still receive phone calls from your
creditors. If this happens all you need to do is inform them that Red
2 Black debt management company is dealing with your financial matters
now and they should contact us. Should you receive any written
correspondence from your creditors this should also be forwarded to
us.
We take away all the hassle and stress you’ve been receiving from your
creditors and deal with them ourselves, leaving you the time and space
to reorganize your life.
What happens
from then on?
Once your payment plan is in place you just need to give us the one
agreed sum every month, and we continue to pay off your creditors.
Most clients are able to successfully pay off their debts through our
affordable debt management programmes. Your monthly management payment
(MMP) continues steadily until you’ve completely paid off your debts.
Can I make
larger payments?
No, however, if your circumstances change for the better we can use
our experience to negotiate a reduced full and final settlement to
repay your debt at the lowest possible level.
Are there any
other benefits to your programme?
Yes. We can offer you a ‘Tuxedo card.’ This is a prepaid chip and pin
maestro card that can be used in shops, online, or by telephone, that
won’t get you onto debt because it’s all your own money. Similar to a
pay-as-you-go phone card, you’re able to completely control what you
spend, as you can only spend what you’ve already put on the card, you
can also have your salary (wages) paid direct onto the card. What’s
more there is no monthly usage fee so you will not get further into
debt.
Call us now for more details on anything you’ve read that you’re
interested in:
0800 195 5675 |
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