Debt Reduction Programme

What is a Debt Reduction Programme?

It's a way of reducing your payments to your creditors to a single, affordable monthly amount.

Once we have reached an agreement with your creditors all interest and charges will be stopped and the creditors will stop chasing you for payments.

A Debt Reduction Programme is a flexible arrangement which can be altered if your circumstances change.

Anyone who is genuinely struggling to repay their unsecured creditors is eligible for a Debt Reduction programme.
Employed people or unemployed (you must have a source of income)
Homeowners or tenants.
Young or old.
Anyone who wants to try and repay a reasonable amount to their creditors.

We'll carry out a financial review for you and assess your situation.
We'll then work out a realistic payment proposal for you.
Once you become a client of Best Solution, we'll act on your behalf with your creditors.
When we receive your first payment we'll contact each of your creditors and send them all the relevant paperwork and an interim payment.
We will prepare a Statement of Affairs for you which will show all the details of your financial situation (this document is the basis for any arrangement.) Another interim payment will go to each creditor.
A draft copy of the Statement of Affairs will be sent to you for checking and signing.
We'll forward a signed copy of the Statement of Affairs to each creditor along with a formal offer of payment. They'll also get another interim payment.
We'll negotiate with the creditors to get the arrangements accepted.
We'll manage the debt for you on an ongoing basis.
If you're able to raise funds, we'll attempt to negotiate Full & Final Settlements with your creditors on an individual basis (This is a way of writing off a large portion of your debts)

For more information about our debt reduction programmes please contact us.