News Article - Debt
You cannot get blood out of a stone but many debt collectors try! Lots of people are facing debt problems and simply cannot pay. Sometimes creditors will accept token payments, or a reduced lump sum.
Not many people realise that old debts are sold by companies to debt collecting companies who then sell them on to others. Some clients have had letters from three different debt collecting companies at the same time for the same debt. Many letters can be very intimidating and worrying. We can advise on what is important and what can go in the bin.
We also advise that bankruptcy is a last resort and can often be avoided.