Debt settlement is rarely the best option for a consumer, but in those cases we will provide the service free of charge as part of a debt management program.

Aggressive advertising by debt settlement companies has created a lot of misinformation out there. Often the ads make it difficult to distinguish debt settlement from credit counselling . These companies advertise under names like Credit Card Relief, American Debt Resolution Services, American Debt Relief, and Alliance Debt Care. They say things like:

- "Reduce What You Owe by 30-70%"
- "Be Completely Debt Free in as Little as 12 Months"
- "We Can Get You Out of Debt in Months Instead of Years"
- "Our Proven, Attorney-Driven Program Can Get You Out of Debt"
- "This Is the Information Your Creditors Don't Want You to Know"

Sound too good to be true? The truth is that these companies can't do anything for you that you can't do for yourself. They are for-profit companies that charge high fees, usually up front before providing any services. Some major credit card companies refuse to even work with debt settlement companies. Save yourself future headaches by thoroughly researching your options before agreeing to work with a debt settlement company.

There are many different options available to help you reduce your monthly outgoings or even clear your debt balances in full. Genesis Debts Cleared is associated with Your Debts Cleared and we give our clients the best debt advice, the best debt help and the best debt solutions available, to get there finances back on track.

Firstly Genesis Debts Cleared will we look at your financial situation and complete a full fact find with you, this will take about 25 minutes and this will give us a full understanding of your finances and allow us to give the best debt advice and the best debt help available to resolve your debt difficulty.

Debt Solutions we can help with:

• Debt Management Plans (DMP)
• Debt Consolidation
• Individual Voluntary Arrangement (IVA)
• Government Debt Help Schemes
• Bankruptcy
• Protected Trust Deeds (PTD)
• Sequestration

We can also help with:

• Unfair Credit Agreements (UCA)
• Unenforceable Credit Agreements
• Mis-sold Payment Protection Insurance (PPI)

Call and speak to one of our expert debt advisors on our free debt helpline:
0800 692 2000 or take our online Debt Test to request more information on our products and request a call back from on of our experience debt advisors.

We have put together a brief description of each debt solution, to give you a small understanding about each product, these products are designed to give the best debt help.

Debt Management Plans
A debt management plan is an informal way to repay your debt at a set amount every month and it allows you to manage your finances comfortably each month.
Debt Management plans offer:

• One Monthly Payment
• Interest and Charges Stopped (not in every case)
• Reduced Monthly Expenditure
• Creditor contact may stop

Debt Consolidation
A Debt consolidation loan is normally using equity in a property to consolidate existing credit into one affordable payment, these are also known as Secured Loans or Second Mortgages. If you have equity in your property then a secured loan maybe the better debt solution for you.
What debt consolidation offers:

• Consolidation Loans offer
• One Monthly Payment
• Lower Monthly Payments
• Reduced Interest Rates

Individual Voluntary Arrangements (IVA)
An Individual Voluntary Arrangement (IVA) is a formal legal agreement between you and your creditors and it allows you to pay your debt at a set amount over a set period of time.
What Individual Voluntary Arrangements (IVA) Offer:

• One Monthly Payment
• Reduce Monthly Costs
• 75% of debts written off
• Debt free in 60 months
• Interest and Charges stopped and frozen

Government Debt Help Schemes
The governments have introduces a number of different debt solutions to help people get their finances back on track. These government debt solutions are not available to everyone as the criteria to apply for these government schemes are very strict.
What government debt help schemes offer:

• One Monthly Payment
• Reduced Monthly Payment
• Debt Free in 12 months

Bankruptcy
Bankruptcy has always been considered the last resort in resolving any debt problems and you must be fully informed before making you decision to accept bankruptcy.
What Bankruptcy offers:

• Debt Free in 12 months (Normally)
• One monthly payment
• Creditor Contact Stopped
• No Interest and Charges

Protected Trust Deeds (PTD) – Scotland Only / Scottish Trust Deeds
Protected Trust Deeds are very similar to Individual Voluntary Arrangements (IVA) as they are a formal way to repay your creditors at a set rate over a set period of time.
What Protected Trust Deeds offer:

• One Monthly Payment
• Reduced Monthly Payment
• Debt Free in 36 Months
• Write off up to 90% of your debt
• Not Interest and Charges

Sequestration – Scotland Only
Sequestration is the Scottish version of Bankruptcy and it is very similar. Because it is the last resort to solving debt problems you must be fully informed before making the final decision on this debt solution.

Other services available to help write off bed credit:

Unfair Credit Agreements / Unenforceable Credit Agreements
Unfair credit agreements are also know as unenforceable credit agreements, these are credit agreements that are deemed unfair due to the way they were drawn up and the content of the agreement. The most important think is the date of signing the agreement, it must be before the 6th April 2007because this is the date the consumer credit act was amended, so agreements must have been signed for, before this date.

What are panel off solicitors will attempt to do:

• Wipe the Balance of the Agreement
• Reclaim any previous monies paid
• Reclaim any Interest Paid

Mis-sold Payment Protection Insurance (PPI)
Payment Protection Insurance (PPI) is offered on almost every Loan, Credit Card or H.P Agreements, in many cases this insurance has been mis-advised or mis-sold. You may have a claim to claim back any mis-sold payment protection insurance that has been included on any of your agreements.
When you started your insurance policy, were you:

• Unemployed
• Self Employed
• Insured through employed
• Already covered by another policy
• Told you had to have the insurance
• Never told you could get it cheaper elsewhere
• Not aware that you had Payment Protection Insurance

If the answer is YES to any of the above questions then you may have a claim.

Call and speak to one of our expert debt advisors on our free debt helpline:
0800 692 2000 or take our online Debt Test to request more information on our products and request a call back from on of our experience debt advisors.