Debt management Evolves To Become Financial Management
PR Log - Oct 24, 2011 - Debt management companies re-negotiation of repayment terms with creditors so the client can repay their debts at an affordable rate; this is the core service provided.
In the case of an IVA (Individual Voluntary Arrangement), some of the of debt, sometimes up to 70%, but more typically 50% can be forgiven at the end of the arrangement, which normally lasts 60 months.
The clients’ repayments are affordable one more, and also more simple as just one monthly (or weekly) payment is made to cover all their liabilities..
However, Harrington Brooks add extra value to their service by including ; Benefit and Tax Credit Checking, service as standard; and this really proving to be of benefit to their clients.
This involves comprehensive review of the client’s’ state benefit and tax credit status.
This service is free of charge to the client and aims to:
Advise clients so they are able to understand and claim their correct benefit and tax credit entitlement.Provide an expert source of advice and support for effective benefit and tax credit claims to be made.Ensure clients access additional grants, schemes and services as a direct result of correct benefit and tax credit entitlement being claimed.Operations Manager, Karen Hough comments:
"Clients for whom we identify a gap in their entitlement on average gain an extra £900 per year. Since we started this service, in Spring 2011 the total amount of additional income that our clients have benefited from exceeds £135,000. This is a fantastic service and when household budgets are being stretched, it is essential that every avenue for gaining additional income is explored."
Note To Editors: Harrington Brooks (http://www.harringtonbrooks.co.uk/) is engaged in the provision of financial advice and appropriate debt consolidation (http://www.debtconsolidation.co.uk/) solutions to individuals experiencing personal debt problems.Established in 1998, Harrington Brooks is one of the UK's largest consumer debt management enterprises, with excellent relationships with all major creditors including banks and debt collection agencies.