Most people incur debt throughout their lifetime. Lending and borrowing are part and parcel of the modern economy – it’s only when you can’t pay back your debts that they become a problem.
There are many different types of debt, and listed here are some of the most common.
Manageable debts that can comfortably pay back over an agreed period are often a necessary part of life. But when debts become unmanageable, they becomes a problem. There are many ways debts can suddenly become unmanageable:-
- Redundancy
- Cut in hours
- Unemployment
- Illness, especially for the self-employed
- Unexpected costs such as unexpected home repairs
Why choose Bennett Jones?
Bennett Jones has helped thousands of people solve their debt problems. We understand how stressful and difficult life is when you can’t pay your debts and your bills.
You can trust Bennett Jones to help you if you are struggling to pay your debts. We specialise in Individual Voluntary Arrangements – a legal solution that allows for unaffordable debts to be written off. With an IVA from our team, you will make affordable repayments to your creditors over a fixed period, with the remaining debt written off at the end.
An Individual Voluntary Arrangement (IVA) is not suitable for everyone who needs help with their debts. If an IVA is not right for you we will give you free no obligation help so you can decide on the solution you need.
We are proud of our 5* Trustpilot reviews
April 2024, Adam
I would like to thank Bennett Jones for helping me with my IVA proposal. I'm a glass half full person but the realities of life and unforseen circumstances with finances had taken its toll. Bennett Jones has helped me to have a fresh start and take control back of my finances. It's a huge load lifted off my shoulders. Many thanks to the team for there support and professionalism.
March 2024, Sheezana
I can’t thank Laura enough for doing all the hard work for helping me sort out my finances. Great customer service, friendly, kept me in contact with everything that was going on. And made it happen. Great company too go to you won’t be disappointed. Thank you Bennett Jones and mostly thank you so much Laura for all your hard work. Making it happen