National Debt Advice to Trade Union Members

Added : ( Fri May 24 2002 )

National Debt Advice to Trade Union Members



Recently the national press has been full of stories about the increasing amount of debt faced by many individuals. Debt can cause incredible stress and place added pressure on both home and work situations.



Trade Unions have been looking at ways to help members who may find themselves in financial difficulties. Not any longer because UK Trade Union members can now receive free and confidential help from the nationwide debt advice organisation, The UK Insolvency Helpline.


The UK Insolvency Helpline specialises in helping people to find solutions to their debt problems. A staff of trained advisors offers a sympathetic and professional service to anyone struggling with the stress of debt.



Unlike many other debt solutions companies, The UK Insolvency Helpline provides its services free of charge to the person in debt. It does not charge fees from people who can least afford them. As a benefit to members of trade unions, The UK Insolvency Helpline will help anyone in financial difficulties to find a solution to their problems. Each case is different so each solution will be unique.



Once a trade union member has contacted The UK Insolvency Helpline, a trained adviser will take a full account of the debts owed and work out an income and expenditure balance sheet. At this point the The UK Insolvency Helpline case officer will decide which of several options is most suitable in this instance. For clients who are not insolvent but who need a debt repayment programme, The UK Insolvency Helpline offer a one-stop debt repayment system. The UK Insolvency Helpline will communicate between creditors and money advisers making it quicker to reach an agreement between debtors and creditors. The The UK Insolvency Helpline case worker will negotiate an arrangement with a person’s creditors that will reduce multiple debts to a single regular payment.



This service is free to members of Trade Unions as it is supported by the credit industry, which recognises The UK Insolvency Helpline a bonafide advice centre. When debts are larger or the client is insolvent, then the case may be suitable for an Individual Voluntary Arrangement. An IVA is a legally binding agreement, a proposal to creditors to repay a percentage of the debt in a monthly payment over a fixed period of time, usually five years. When people fear the consequences of bankruptcy to their homes, jobs and livelihoods, it is vital that they are aware there is an alternative. With credit easily available, managing debt becomes even more important. When debts become unmanageable, the longer it takes to seek help, the more difficult the problem becomes.An IVA usually lasts five years and in many cases is a viable alternative to bankruptcy. For further information call 0800 074 6918 or visit http://www.insolvencyhelpline.co.uk.



The UK Insolvency Helpline works closely with the voluntary money advice sector as well as welfare departments, national companies, organisations, personnel departments and unions. Every week its freephone helpline receives hundreds of calls from people with debt problems.



The free, confidential helpline is on 0800 074 6918. Lines are open 24 Hours



Submitted by
Tony Lanzani
C4 Comminications
PR for the Voluntary Sector


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