About Us

“DFH Financial Solutions (a trading name of Bridgewater Support Solutions Ltd,company number 07556890) is part of a group of companies established in 2006 which specialise in consumer financial solutions and have extensive experience in the field of commercial debt management. Read more...

  

 

  

Debt

Being in debt can be a worrying time for anyone, often leading to a lot of stress and upset.

If you are looking to clear your debt, there are various options available to you depending on such things as level of debt, whether you’re a homeowner or not or how many creditors you have.

Below is a brief outline of each debt solution to help clear your debts.

Debt Consolidation

Debt Consolidation is one of the simplest methods to clear your debt. It is essentially a loan that is used to pay off your debts. This is a good option for homeowners who have a regular income and can afford the monthly loan repayments who are just looking to manage their debts more efficiently.

Debt Management

Debt Management is an option for those that maybe in more serious debt and find it a problem to obtain a debt consolidation loan to clear their debts.

A debt advisor calculates your disposable income each; this amount is then put together into a single monthly payment which is distributed amongst your creditors. DFH will speak and negotiate with your creditors for you. You won’t have to attend any meetings or talk with your creditors.

This option is available to both tenants and homeowners with unsecured debts of at least £1,500 and above.

Individual Voluntary Arrangement (IVA)

If you have unsecured debts of over £3,500 and can no longer afford to make the repayments and cover your other living costs. an IVA could be the solution for you, depending on your circumstances.

If an IVA is selected as the preferred debt solution for you, we will work in conjunction with our selected Insolvency Practitioners at Debt Support Centre to create a formal agreement between you and your creditors (the companies you owe money to). We will only recommend an IVA to you if we consider this is the appropriate solution for you.

Debt Support Centre will arrange affordable monthly payments, usually over 5 years. After that time, any remaining unsecured debt is written off. Please note 75% (by debt value) of voting creditors must be in favour of the proposal for the IVA to go ahead.

Call us on 0800 881 8722

Monday to Thursday 8:30am - 8pm, Fridays 8:30am - 6pm and Saturdays 9am - 1pm

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