Most people incur debt throughout their lifetime. Lending and borrowing are part and parcel of the modern economy – it’s only when you can’t pay back your debts that they become a problem.
There are many different types of debt, and listed here are some of the most common.
Manageable debts that can comfortably pay back over an agreed period are often a necessary part of life. But when debts become unmanageable, they becomes a problem. There are many ways debts can suddenly become unmanageable:-
- Redundancy
- Cut in hours
- Unemployment
- Illness, especially for the self-employed
- Unexpected costs such as unexpected home repairs
Why choose Bennett Jones?
Bennett Jones has helped thousands of people solve their debt problems. We understand how stressful and difficult life is when you can’t pay your debts and your bills.
We specialise in Individual Voluntary Arrangements – a legal solution that allows for unaffordable debts to be written off. With an IVA from our team, you will make affordable repayments to your creditors over a fixed period, with the remaining debt written off at the end.
An Individual Voluntary Arrangement (IVA) is not suitable for everyone who needs help with their debts. There are alternative debt solutions available. The team at The Debt Advisor will consider all your options and help you to decide on the right solution for your circumstances.
We are proud of our 5* Trustpilot reviews
December 2024, Amelia
Can’t thank Bennett Jones enough without them I would still be in a huge pile of debt. Even when I was on the IVA there were times I was struggling and they understood me instead of disregarding my financial situation they gave me options like taking a break from the payment for a few months or even reducing the payment then when I was back on my feet again going back to the original payment plan. They always checked up to see how I was doing financially and all thanks to them I am now finished with all the debt.
September 2024, Glen
I found Bennet Jones 5 years ago was really struggling financially. They helped me set up my IVA and the process from start to finish has been amazing. The support I have been given over the last 5 years goes above and beyond what I expected. Would highly recommended If your struggling with debt please don't bury your head in the sand it's an easy process for manageable payments every month and know more hiding behind the sofa. Thanks to everyone at Bennett Jones.