Reducing Debt - We do it 
Avoiding Bankruptcy - We do it 
Bankruptcy
Bankruptcy is a serious solution to your debt problems. There is a lot written about bankruptcy being an easy option, however, bankruptcy should only be considered if all else has failed – it really is the last resort.
Your Compass Counsellor will advise you on the ways to remove debts and reduce payments whatever your circumstances. A Compass Counsellor is an expert on debt management. With the help of your Compass Counsellor they could reduce your monthly payments to manageable levels that you can afford.
Disadvantages of bankruptcy
There are a lot of disadvantages to bankruptcy –
- you will almost certainly lose your home
- you will have to declare you are bankrupt on job applications and any loan
application for more than £500 - if you run your own business it will probably be closed and your
employees dismissed - and it will remain on your credit file for six years.
It will be much harder to get credit in the future, plus you will be automatically barred from being a company director and from joining certain professions.
Avoiding bankruptcy
A Compass Counsellor is an expert on managing debts. As they will be
acting in your best interest they will look at the many options there are for you to clear your debts. You can clear your debts without declaring
yourself bankrupt, and a Compass Debt Counsellor can really help you to begin rebuilding your finances.
Renegotiating your debts - Call us or instant message us
Renegotiating your debts is our expertise. A Compass Counsellor will discuss your individual circumstances with your creditors and take the pressure off you, so that you can stop worrying about your debts and start planning your future.
Our successes
We are experts in reducing debts, so please do call us and ask about our debt counselling services.
‘We now have surplus cash each month, and are starting to get back on our feet. Thank-you Compass.’ Read more...
We are committed to your financial well being.
Compass Debt Counsellors aim to give you the best debt advice to deal with your debt problems, but you should be aware of the following, that conditions apply, that repaying debt over a longer period may increase the total amount to be repaid, that your ability to obtain credit will be affected in the short term and might be affected in the medium to long term and there are fees payable, dependant on the solution provided. Telephone calls and instant message communications to us maybe recorded for training and quality purposes.

