Opening Times  –  Mon-Fri: 9am-9pm   |   Sat: 9am-5pm   |   Sun: Closed

Protecting your future

At The Financial Guidance Group we’re here to help you write off your debts and look forward to a brighter future. We understand that debt is both a very personal and stressful issue and will work with you to find the best solution based on your individual circumstances. 

About Us - Who are the financial guidance group?

We are a debt and insolvency company here to help by providing you with a private and understanding service to solve your financial problems. We offer our clients financial clarification and solutions to their money worries, so you can see a debt free future. 

The truth is that anyone from any walk of life or circumstances can end up in debt at any point in their life. That’s why we are here to listen, understand and offer guidance and support tailored to your personal situation.

Helping you unlock a debt free future.

We've got the tools! We'll talk you through everything...from the application process, understanding your proposal, to changing creditors.

We can help you manage your money and provide a tailor made debt solution.

We pride ourselves on providing every customer with the best possible service and respect, every step of the way.

Hear from the people we have helped before . . .

Take a look at our Trustpilot reviews from our previous customers

customer
customer
02/10/2020
Verified
So grateful to Amy-Louise and her colleagues. They had to fight twice to get my creditors to agree. Great work
Goldie
Goldie
01/10/2020
Verified
From Start to finish my experience was absolutely amazing! William was very reassuring, helped me in reaching my decision and put me at absolutely ease! Just so happy I’m on my way to getting my life back on track! Thank you William!!!!!!!
Anna
Anna
01/10/2020
Verified
I had been burying my head in the sand for a long time. Always feeling anxious about my debts, sleepless nights, tears. I really thought that no one could help me. I couldn't have been more wrong. Financial Guidance took the time to really listen to me and they explained all of the solutions in detail and were happy to answer every question I had along the way. They made the process so easy and that night I had the best nights sleep I had, had in a long time. Even if you are not sure exactly what you owe and to who, like I was, then these guys can help you fill in the gaps and they have seriously helped me to turn my life around.
Chris Statham
Chris Statham
30/09/2020
Verified
I cannot thankyou enough to introducing me to creditfix
Derek Walsh
Derek Walsh
30/09/2020
Verified
I cannot thank William Cook enough for the way he spoke in a very reassuring way regarding clearing my debt. He made me feel at ease with the advice that was given. Very relaxing an professional manner. I am going on following the advice given to clear my debt. Thanks again William. Derek
christine mckay
christine mckay
28/09/2020
Verified
Thank you for introducing me to credit fix it took a few weeks to sort everything out but now I don't have to worry about my bills as they have sorted it out for me so I don't have to worry anymore.
Ash Zaver
Ash Zaver
28/09/2020
Verified
From the outset, the advice and guidance offered to me has been second to none. Most of all, I was made to feel at ease and treated with dignity. The decision I made to enter into the agreement was not the easiest but with the information I was given, it made sense to take up the advice and guidance given to me.
tony
tony
27/09/2020
Verified
They were really helpful and now all my stress due to debt has gone they put me in the right direction 🙂
Augusta Gbayagula
Augusta Gbayagula
26/09/2020
Verified
I was going through so much stress about my debts,didn't not know where to turn then one day i was going through Facebook and i saw the advert on how to be debts free . I called the number or sent a email i can't really remember again, but i was so worried if i would be let down as i have tried to get it sorted out before with no success. But this time i was able to get reassurance and reliability from this company. The next thing i noticed creditfix came along and sorted everything out for me like magic. I feel so relaxed so happy with no stress of bailiff letters coming through my door. I have no more nightmares and sleepless nights. So i will recommend this service to anyone one to try it.
Andrew Peryer
Andrew Peryer
26/09/2020
Verified
I was in dire straits with my debt. A couple of phone calls later and they helped with everything, including handling my debt. Fantastic, friendly and efficient.

How does it work?

In order for us to help you find the the best solution to your debt problems we will arrange a consultation to run through vital information such as:

Your income  |   Your monthly expenses  |  Who you owe money to

Having the outstanding balances you owe and reference numbers for your creditors to hand is ideal, however if you don’t have these then you can just contact your creditors directly to ask the outstanding balance you owe.

 

It’s a good idea to get a copy of your credit report if you are unsure of who your creditors are. A credit report is available for a small charge of a couple of pounds through private companies such as Experian and Equifax, but can sometimes be free as part of a free trial. It is highly recommended that this is done before your consultation to allow us to progress quickly with a debt solution that suits you.

Need debt help and Advice? We're here to listen & Support You

What are my options?

We’re here to support you through this challenging time and know that anyone can get themselves into financial difficulty. So we offer a range of options to help you see the light at the end of the tunnel. 

Individual Voluntary Agreement (IVA) (England, Wales & Northern Ireland)

An Individual Voluntary Agreement (IVA) is a legally-binding, formal debt arrangement available to people living in England, Wales and Northern Ireland. If you are eligible to enter into an IVA one of our advisors will work with you and the companies you owe money to, to come up with a single, affordable monthly payment solution. Our advisors will analyse your individual situation and work with you to find out what you can comfortably afford to repay. An IVA typically has a duration of 5 years, providing you with legal protection from your creditors with all interest and charges on included debts frozen. Then after this time, once all 60 repayments have been made, any outstanding balances on debts included in your IVA will be written off. 

Other Advantages

– Creditor hassle will stop; the Insolvency Practitioner will correspond with your creditors on your behalf.

– The payments you make into your IVA are based on your income and expenditure so will always be affordable for you.

– There are no upfront fees; fees are incorporated into your monthly IVA payments and vary between IVA companies.

Are there disadvantages?

– Any debts not bound by your IVA will remain outstanding and you are responsible for keeping up with their repayments.

– If you are a home-owner you may be asked to attempt to re-mortgage 54 months into your IVA, which may incur higher interest rates and could require you to extend your IVA by a further 12 months.

 – Your creditors may not agree to your IVA which may stop the agreement from going ahead.

Trust Deed (Scotland)

 Similarly to an IVA, a Trust Deed allows people living in Scotland who owe unsecured debts with a sum of over £5,000 to enter into this agreement lasting a duration of 4 years. During this time you will repay the debts through an affordable monthly repayment and after the 4 years any outstanding debts will be cleared. A protected Trust Deed is a legally-binding debt relief agreement which is only available to people living in Scotland. All interest relating to your debt is cancelled for the duration of your agreement.

Will a debt solution impact my credit rating?

Yes – Using a debt solution such as an IVA or Trust deed will likely impact your credit rating. However the damage done to your credit rating is dependant on what kind of debt solution you take out and whether it is successfully completed.

The good news is that no damage to your credit rating is permanent. Within the first 6 years of taking out a debt repayment plan this information will be visible on your credit history, potentially making it difficult to access credit or open bank accounts during this time. However, after 6 years you’ll be glad to know that your credit history is wiped clean and this will no longer be visible on your credit file. As long as you stick to your monthly repayments and see the agreement through you will be free from your debts owed which will allow you to start rebuilding your credit rating. 

Find out if you are eligible today & get on the path to a debt free future

Other Options/Services

Bankruptcy

What is Bankruptcy?

Bankruptcy is a form of insolvency and is often the last resort to debt problems if your debts are high and you find yourself unable to pay back your debts within a reasonable timeframe. This is a service offered to those living within England, Wales and Northern Ireland.

Filing for bankruptcy is a legal process that will share your assets amongst your creditors and will protect you from any further legal action.

It is usually a last resort debt solution. However, upon successful completion of your bankruptcy all your debts will be written off and you will be able to make a fresh start. 

Debt Management Plan

What is a Debt Management Plan?

A Debt Management Plan is an non-legal debt solution unlike others such as an IVA. It is a debt agreement which is negotiated to help you lower your debts to a more affordable monthly payment.

A Debt Management Plan (DMP) can be negotiated by you or a third party and is based on your affordability. It’s a flexible solution and payments can be revised if your circumstances change. If your creditors agree to the payment reductions then it is up to you to keep up with your new monthly payments. A DMP is based upon your disposable income and will continue until your debts have been paid off in full.

Sequestration

Sequestration - Bankruptcy in Scotland

Sequestration is the legal term used to define bankruptcy in Scotland. It is an extreme measure taken when debt is unable to be paid off within a reasonable timeframe. It allows your debts to be completely written off after making fixed payments over an agreed time period.

Sequestration is a legal process and a form of insolvency. All of your assets must be given over to the agreement and to be eligible you are required to owe more than £3,000.

Debt Relief Order

Am I eligible for a Debt Relief Order?

A Debt Relief Order is a form of bankruptcy and allows any debts you have to be written off within a 12 month period. It stops your creditors from being able to take any legal action against you and stops any creditor or bailiff contact with you. 

A Debt Relief Order is only available in England, Wales and Northern Ireland. To qualify you must have debts less than £30,000 and your cannot own your home. 

It is important to note that a DRO will negatively impact your credit rating for up to 6 years from the date you enter into the agreement and you cannot enter into a DRO if you have any assets with the value of £1,000 or more. 

Debt Arrangement Scheme - DAS

What is a DAS and do I qualify?

A DAS stands for a Debt Arrangement Scheme and is available to Scottish residents. It is an arrangement which gives you longer to repay your debts and protects you from any legal action against you from creditors or any companies to which you owe money. 

Assets including your home and vehicle are also protected while you are in a DAS as long as you are able to keep up with your monthly payments. 

A DAS is a great debt solution for individuals who are struggling to repay their debts due to high interest rates and allows you to make a fresh start with your finances once your payments from the DAS have bene repaid. 

What kind of debt can be written off?

Credit Cards

Store Cards

Payday Loans

Overdrafts

Personal Loans

Lines of Credit

Business Debt

Catalogues

Do you have any questions?

We'd be delighted to help
Now we need your contact details so that a member of the FGG team can get in touch . . .