In the short term it is true to say that all forms of debt solution are likely to damage your credit rating, making it particularly difficult to find a reputable source of credit. This is also likely to be case in the period of time immediately after the debt solution has ceased. This can affect obtaining a mortgage, hire purchasing funding and even more general day-to-day purchases such as car insurance, house insurance or even mobile phone contracts.
However, in the longer term, the situation looks much brighter. Over time a debt solution will eventually improve your credit rating, provided you do not incur future liabilities that you are unable to repay.
For further information about the effect professional debt solutions may have on your credit rating call our helpful team. In the long run debt solutions will work to improve your credit rating, discuss your options with our debt management team today.
Call us now on 0808 168 9099 or fill in our online enquiry form and one of our insolvency experts will call you back. We will discuss your situation with you ensuring that we fully understand your circumstances and what is important to you; we will then discuss your options with you and advise whether a Trust Deed is the most suitable debt solution. One of our Insolvency Practitioners will then guide you through the process, making sure it is as hassle-free as possible.
Our team are waiting for you to call and help you recover your financial position.
Call 0808 168 9099 or click below.
Our team are waiting for you to call and help you recover your financial positionContact Us