Beat debt with the right solution
If you’ve got problems with debt, Direct Debt Solutions can provide advice on a range of services that could help you repay and clear debts at a rate that you can realistically afford.
All debt solutions are provided by Baines & Ernst which is part of one of the county’s leading financial solution providers, the Paymex Group, and winners of ‘Debt Management Provider of the Year Award 2010’.
We’re on your side
Falling into debt is easy – getting out is the hard part. Baines & Ernst could help you reduce your monthly repayment as you work towards clearing your debts.
Dealing with debt is easier when you know how. So when you call Baines and Ernst, an advisor will assess your current financial situation and use this information to help you find the best debt solution for your debt problems.
If you’re calling from a mobile, it’s cheaper to dial: 0161 656 7711
Debt solutions
Individual Voluntary Arrangement (IVA)
An IVA is a legally binding agreement that could free you from unsecured debts usually at the end of 5 years.
Debt Management Plan (DMP)
Consolidate your debt repayments into one affordable monthly payment and make managing unsecured debts easier.
Protected Trust Deed (PTD)
PTDs are legally binding agreements that could help people living in Scotland clear unsecured debts usually at the end of 3 years.
Bankruptcy
Bankruptcy is available to people in severe financial difficulty who cannot afford to repay creditors.
When you enter a debt solution, it’s worth noting that your credit rating will be affected in the medium to long term. If you have a history of missed or late payments, then your credit rating could already be affected. Please click the links for terms and conditions (including details on cooling off period) and fees.
Managing your money
If you need help managing your money, we could help you set up a bank account that gives you better control over your finances. We could also help you save money on utility bills through services delivered by Solve and Save and Evolution Banking.
Don’t go through debt alone. Complete our enquiry form today to find out which solution could help you, or call us today on 0800 015 3135†.
You can also view a free publication from The Insolvency Service which outlines effective debt solution called ‘In Debt? Dealing with your creditors’.
Please note that Protected Trust Deeds, Bankruptcy and IVAs are legally binding arrangements and if these fail, you will be liable for the balance of the debt and fees which could put your property and assets at risk and result in court action. A Debt Management Plan is not a legally binding arrangement and legal proceedings could still be brought under this option.
Direct Debt Solutions is a trading name of Baines & Ernst, which is part of the Paymex Group.