Personal debt levels are at the highest they have ever been and are getting worse. This is partly fuelled by the credit bonuses paid to branch staff for every loan and credit card granted, and bonuses paid on (mis) selling of insurance on such products. To make the situation worse, it appears the credit industry have now been successful in persuading the Government to make it easier for creditors to recover debts.
In our opinion, and the opinion of all our clients, First Step Finance are one of the very few debt help companies who do the best for the client and not themselves. Almost every other debt management company will establish what you can pay them per month and put you on a debt management plan or IVA as soon as they can and then see how long you pay.
The first thing we do is establish what you truly owe your creditors. In 100% of the time this is never correct and the client will owe considerably less than they think.
Our Debt Reduction Programme is designed to even out the balance between debtor and creditor. Our advisers will work with the creditors to negotiate reduced instalments once a legally enforceable agreement has been produced. If such an agreement cannot be produced, then we will discuss the options available to the debtor and offer the necessary advice and support required to help clear the debt.
