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Debt Advice & Solutions
Because there are many types of debt problem, and different individual circumstances, we have put together a comprehensive range of solutions which you can find out more about below.Get debt help now »
Nobody gets out of debt by ignoring the problem and the fact that you are reading our website means that you are on the right path to sorting things out. In our experience financial matters can be complicated, especially if other family members are involved too.
So if you are worried about your financial situation, the sooner you contact someone to get some professional advice and support the better.
Because there are many different types of debt problem, and different individual circumstances, we have put together a comprehensive range of solutions. As you might expect, some of these are complicated – but don’t worry, our Personal Financial Consultants will make sure you understand them, and their suitability in your situation.
A debt management plan is an arrangement between you and your creditors which allows you to repay your debts with a lower and more affordable monthly payment:
At Bridgewood we have close working relationships with the creditor community, which can be of great benefit in ensuring that the solution we propose on your behalf is responded to quickly and in an appropriate manner. Whilst they are not obliged to, we will negotiate with your creditors to freeze or reduce the interest and charges on your accounts wherever possible.
An Individual Voluntary Arrangement (IVA) is a practical solution to dealing with an unmanageable debt – one which you worry you might never escape from without declaring yourself bankrupt.
An IVA is a legally binding agreement between you and your lenders. By accepting the IVA, they are agreeing to accept lower payments, not to pursue any legal action against you (including trying to make you bankrupt), and to write off any outstanding debt at the end of the IVA. You agree to pay as much as you can afford for the time agreed (usually 5 years):
Bankruptcy can be a difficult and painful process to go through, but for some people it may be the only option. Bridgewood offers a Bankruptcy Support Service which gives you access to specialist advisors who will help and support you through: