Debt Advice

We know how daunting it is to face a pile of debts, chasing calls and letters - perhaps even the threat of legal action. It can seem like there's no way out. But there is and at Atlantic we have expert debt advisors to help you.

It's so easy - one of our trained and understanding debt advisors can discuss your financial situation with you over the phone. They'll provide initial debt advice without obligation. Protecting your home, your family, your job and your car - which you probably need for your job - will always be our priority.

And, once they know more about your current financial situation, they can discuss the debt solution that best suits your needs. The advisor will also explain any fees applicable and these will be confirmed in our Welcome Pack.

For example, a Debt Management Plan or DMP might be the answer. That puts all your debts into one payment plan which Atlantic manages for you, contacting your creditors and negotiating to freeze interest & charges on repayments.

Or an Indvidual Voluntary Arrangement - an IVA - may be more suitable. This is a contractual agreement between you and your creditors, usually to accept a reduced level of repayment over a set timescale, typically five years.

We can also help with Bankruptcy Assistance or Protected Trust Deeds in Scotland if they seem to be the best solution. We cover the whole of the UK. And we have an expert legal support team to deal with county court or bailiff actions against you.

Why don't you give us a call now and we can see how we can help you take control of your personal finances.

Important points to remember:

• Whilst lenders are not obliged to freeze interest and charges, in 93% of the cases currently handled by the Pentagon Group, lenders have done so*. Where a lender does not freeze interest and charges the amount you owe and the period over which you repay that credit account may increase, though we will continue to request interest and charges be frozen once several payments have been made to your Debt Management Plan (DMP).
  * Figure accurate at the end of April 2011
• Whilst entering into a DMP can adversely affect your credit rating it is our experience that those who approach us already have an impaired credit record. By entering into a DMP you will be showing your creditors that you are taking a responsible attitude to resolving your financial problems and this could help you in the future.
• Whilst we ask your creditors for 30 days breathing space to set-up your DMP after we are appointed as your debt manager, your accounts may go into further arrears until we start disbursing payments to the creditors that you request us to act upon.
• Remember, you are not obliged to enter a debt solution with Atlantic Financial Management. If you do, and you change your mind, you have a right to cancel your agreement with us at any time. We offer a 14 day cooling off period after accepting our terms of business, unless you have elected to waive this so that we can immediately deliver the service and start negotiating with your creditors.