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 as little as £126 a month, enabling you to become debt free in 5 years.
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 and be debt free in 5 years - 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
Our goal is to get you debt free, many times we successfully reduce debt payments to as little as £126 a month. Just think what your life would be like then. 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...

