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Testimonials
“We are extremely satisfied with the level of service and professionalism combined with a friendly attitude of all the staff we spoke to, and would like to thank everyone at Harrington Brooks very much.”
Mr and Mrs B, Liverpool
“We were really pleased with the efficient way that Harrington Brooks handled our enquiry and by the speed in which our mortgage was finalised.”
Mr and Mrs S, Birmingham
“I found the staff at Harrington Brooks were all very polite, helpful and understanding. I couldn’t fault the level of service we received from start to finish.”
Mr J, Warrington
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Debt Help from Harrington Brooks.....
Over ½ million people come to us for help with debt...
You don't have to feel isolated by debt problems. Many people from all over the UK are in the same situation; struggling with debt and in need of specialist help.
Harrington Brooks are dedicated to helping people tackle their debt head on, offering tailored solutions to individual debt problems.
Debt is nothing to be ashamed of. Debt problems can arise from a range of circumstances that are out of our control and can affect people from all walks of life.
There's no magic formula for dealing with debt. Simply act quickly and seek out sound debt advice from a trustworthy source. Harrington Brooks have experience in helping individuals with a multitude of personal finance problems and can offer you a wide range of debt solutions so suit your circumstances. You may not be to blame for your debt but there is no excuse for not seeking help.
Harrington Brooks are experts in a range of debt solutions that encompass; debt consolidation loans, debt management plans and Individual Voluntary Arrangements (IVA s). Don't struggle against debt alone. Call us free today for advice you about which debt solution is right for you.
Debt Consolidation Loans from Harrington Brooks
The majority of people in the UK facing debt problems find that an option to consider is a debt consolidation loan.
A debt consolidation loan allows you to bring all of your debts together under one new loan often with a lower monthly repayment. This means that you should find it easier to meet your monthly demands and plan a manageable budget.
Debt consolidation loans can be either secured or unsecured. If you are a homeowner, consolidating your debt with a secured loan against your property will often allow you to repay your debts with a lower rate of interest than if the loan was unsecured. Re-mortgaging your home in this way will release more of its equity and allow you to pay off your higher interest, unsecured debts and leave you with lower monthly payment.
A secured, consolidation loan may not suit everyone though and we would always advise you consider the possible implications of securing your debts against your property. Failure to meet repayments may put your home at risk.
A tailored Debt Management Plan from Harrington Brooks
Another of the debt solutions offered by Harrington Brooks is the debt management plan. These debt management plans are carefully drawn up to ensure that you are making repayments you can realistically afford. These plans tend to be suited to those people that have a level of unsecured debt between £3,000 and £12,000. However, it is possible to tailor the plan to suit people under a different set of circumstances.
Essentially, debt management plans are informal agreements between people in debt and their creditors. It's important to have someone with experience negotiate the terms of the plan on your behalf though. This is where it pays to have a debt management company like Harrington Brooks in your corner.
A debt management plan will calculate a reasonable and affordable rate of monthly repayment based on your own specific circumstances. This means that you will be assured a realistic cost of living allowance each month.
A key benefit of having your debt management plan with Harrington Brooks is our promise to make every effort to have your creditors freeze interest rates and charges. Obviously, this is also dependent on circumstance and cannot be guaranteed.
On agreement of the terms of your debt management plan, you will simply have to make a single monthly payment to us, which we will then distribute amongst your creditors on your behalf.
As Harrington Brooks become the point of contact for your creditors, a debt management plan comes with the additional benefit of no longer having to worry about being bombarded with letters or telephone calls. It's part of our service to you that these can be referred over to us and we will deal with them for you.
A debt management plan is also flexible, so if your circumstances change, so can the plan. As we tailor the plan to fit you, whether your situation improves or worsens we can make the necessary alterations.
Harrington Brooks will even monitor your situation carefully, so if you subsequently become suitable for an IVA or other, more appropriate debt solution, we can advise you of the best course of action. So, even if it doesn't suit you now, there's still the possibility of changing your plan to an IVA that will allow you to write off a proportion of your unaffordable debt, helping you to be totally debt free after 5 years.
Individual Voluntary Arrangements (IVAs) from Harrington Brooks
Individual Voluntary Arrangements (or IVAs) are best suited to those suffering serious debt problems. At Harrington Brooks, we would generally consider this to be situations where you have more than £12,000 of outstanding unsecured debt, spread across several creditors and you're unable to keep up to date with your minimum repayments.
An IVA is often a less severe alternative to bankruptcy. It's a formal agreement between you and your creditors, allowing you to make more manageable payments towards the total amount of debt. The result being that you pay off a percentage of that total and after five years (60 months), the debt is considered settled.
An IVA can only be arranged through a licensed Insolvency Practitioner and is set up to manage personal loan debts, outstanding credit card balances and other forms of unsecured debt. You make payments which are based on mutual agreement of the amount you can afford. Once the final payment is made, any remaining debt is legally written off.
A key part of the IVA is to freeze all charges and interest rates. This means that your debt will not increase beyond the point where you entered the IVA. Your creditors will no longer chase you for money and all correspondence will be dealt with on your behalf. An IVA will also halt any legal action that may be underway against you, including any bankruptcy proceedings.
So, if you are a UK resident and have unsecured debt of £12,000 or more and face a constant struggle to make your repayments, call Harrington Brooks today for free debt advice and to get the support of our specialist IVA team.
