Debt Management »
We'll come up with a debt management solution based on your individual circumstances.
Debt Consolidation »
Our experts can guide you through the range of debt consolidation options available.
Debt Help »
Kensington Financial Management Consultants are experts in providing debt help.
IVAs »
If you have a significant debt problem, you may be eligible to begin this legal process.
Trust Deeds »
A Trust Deed can lead to a significant proportion of your debt being written off.
Bankruptcy »
A Debt Management Plan, IVA or Debt Consolidation should be considered first.
managing your money
Debt consolidation may be a great way to sort out your debts, but it doesn't necessarily solve all your problems. You still need to ensure that you're making the very most of the income that comes into your household each week or each month. Just as you can get advice on managing your debt, you can get advice on managing your money, and this may help you to avoid debt consolidation or other debt products in the future.
Your income
Your income is vital to your financial wellbeing. Many people who approach experts about debt consolidations have experienced money problems because of sudden reductions in income, which may be caused by:
Redundancy – it's very difficult to predict whether you're likely to be hit by problems in your sector. In difficult economic times, many businesses choose to reduce costs by making some people redundant and although there is always a redundancy payment, it may not be much and it won't last for long. If you have difficulty getting another job, your income will be affected.
Divorce – with the number of couples getting divorced remaining steady, there's always a financial as well as an emotional side to this life problem. One household splits into two and each of those needs to be able to support itself. When one partner has been earning the majority of the income, or where two similar incomes have been needed in order to make life affordable, finances can become very tight indeed.
Bereavement – the emotional trauma of bereavement can be compounded by financial difficulties. Surprise conditions in a will, inheritance tax and a sudden lack of income can prove a difficult additional burden.
These are just some of the reasons why people may be considering debt consolidation as a way to help manage their money, but you also need to look at any ways you can increase your income so that you can be sure you can meet your debt consolidation payments as well as ensuring you have some spare money each month if at all possible. If you are employed, look for additional hours, or see if you can find a part-time second job that will give you some extra cash. Look at all the government help available to you – from childcare vouchers to income allowances, because these often go unclaimed and can make a real difference to your income.
Kensington Financial Management Consultants Ltd is a total finance solutions company helping people all over the UK. We speak financial sense. We will allocate you a friendly advisor who will chat through your current situation and formulate a plan for you without obligation. Let us work out a financial solution based on your individual circumstances. It's our aim to help everyone who contacts us. With debt solutions from debt management and IVAs, mortgages & re-mortgages, secured & unsecured loans and advice and information for debt consolidation, bankruptcy and Trust Deeds, we can help. It really is worthwhile giving us a call or applying online today for a confidential chat with one of our friendly advisors. Call FREE on: 0800 096 4409.
