Atlantic Financial Management warns that some families facing financial difficulty may not be able to get the help they need

Leading debt solutions provider, Atlantic Financial Management, is warning that the growing number of people struggling to manage their finances may be finding it difficult to get assistance from the debt advice charities, as one reports* a 34% year on year increase in the number of calls received in the first Quarter of 2010.

"The debt advice charities do a great job under the circumstances" confirmed Kevin Still, Director, Atlantic Financial Management. "But this latest report shows just how difficult it has become for many families to balance their finances. For some they may just need some words of advice to get themselves back on track. But for those facing a real spiral of debts a more formal process of negotiating with creditors is essential. The fact of the matter is the charities' resources are just too stretched to provide the real hands-on help needed to get creditors to freeze interest and charges.

"Atlantic offers a fast-track service which will help an individual start to tackle their debts within a matter of days."

"The other challenge for those seeking help from the debt advice charities is that they generally advise individuals to put themselves forward for self-management debt repayment plans" continued Kevin Still. "But evidence suggests that creditors are less supportive of these sorts of proposals with the result that individuals continue to be chased for outstanding debts as well as continuing to incur interest and charges on late payments.

"A delay in taking advice can be very costly, especially if people have been in denial for some time and have used expensive forms of credit to make ends meet."

Atlantic offers a fast-track service which will help an individual start to tackle their debts within a matter of days. For just £69.50, the expert Atlantic team will review an individual's current financial commitments and income and make recommendations of the best debt solution for their circumstances. This includes dealing immediately with any court actions on the individual's behalf as well as starting negotiations with creditors to freeze interest and charges.

"...we are able to get creditors to freeze interest and charges on the large majority of our clients' credit agreements."

"Our approach is to conduct a thorough review of a Client's income and expenditure to ensure that all debts are taken into account and a fair assessment of their living expenses is determined so that they can continue to maintain a reasonable quality of living" concluded Kevin Still. "This approach which is, of course, a great deal more intensive than can be applied by a debt advisor from one of the charities, gives people facing severe debt problems a vital, expert, helping hand.

"As a result, we are able to get creditors to freeze interest and charges on the large majority of our clients' credit agreements. And that is crucial to stem the debt problems they are facing."

*CCCS Report – 30th April 2010

To find out more about Atlantic Financial Management contact us or call 0845 0 30 30 30