Solutions to your debt problems
As part of the Think Money Group, one of the largest and longest established UK debt specialists, we've helped thousands of people find the right solution to their debt problems.
Because every client's situation is different and we have many alternative ways to solve debt problems, our expert advisers will only recommend a solution when they have discussed your needs and circumstances with you (in confidence and without obligation). This means you can rest assured you'll get expert advice that's based on us looking at all the options available and finding the one that suits you best.
Which debt solution is best for you?
As a leading debt management company, Gregory Pennington has helped thousands of clients to turn unmanageable debts from store cards, credit cards, loans and overdrafts into one monthly payment, based on affordability. We take care of all the paperwork, deal directly with your creditors and negotiate reduced repayment arrangements on your behalf. Our strong working relationship with major creditors means that whilst they are not obliged to, we can often persuade your creditors to freeze or reduce interest and charges.
- We will deal with your creditors
- Take control of debts without a loan
- Have one debt repayment tailored to your needs
- Know exactly where you stand
Call our debt management experts on 0800 161 3516
Or click here to find out more about our Debt Management Programme.
Key facts:
About our service and fees:
Depending on your circumstances, our debt advisers may advise you to enter a specific debt solution - and if you choose to, there will be fees involved. At Gregory Pennington, we are committed to providing the highest possible levels of customer service, and to ensuring that our fees are competitive. Click here to read more about our fees.
What if I change my mind?
Remember, you are not obliged to enter a solution. If you do, and you change your mind, you have a right to cancel your agreement with us at any time during the first 14 days of its term.
How will it affect my credit rating?
Your credit rating will be affected in the short term and may also be affected in the medium to long term whilst on a Debt Management Programme. With an IVA it will be affected for 6 years.
Debt Consolidation
Many customers come to us because they are paying out more than they need in interest due to the high rates on credit cards, store cards and other debts. By combining all these debts into one consolidation loan you could reduce your repayments and turn multiple debts into one single, manageable monthly payment.
Debt Consolidation Remortgage solution
Why struggle with debts when you could release some of the cash tied up in your home and pay them off? Our Debt Consolidation Remortgage specialists will advise on how you could pay off your debts with a remortgage - and still end up paying less each month than you pay now!
Click here to find out more about Remortgaging
Individual Voluntary Arrangements (IVAs)
An IVA is a real alternative to bankruptcy for those with unsecured debts of £15,000 or more. It is a legally binding agreement with your creditors (administered by an Insolvency Practitioner) where you only need pay back what you can afford, over a fixed period, which is usually five years. Once the IVA is completed, any remaining unsecured debt is then written off.
Our specialist IVA division will deal with every aspect of your IVA, including all negotiations with creditors and the day-to-day administration of your agreement through to its completion.
Click here to find out about IVAs
Bank Accounts
Managing your money and meeting your financial commitments takes lots of careful planning and self-discipline. So how do you cope if you're unable to get a high street bank account because of an adverse or bad credit rating?
The think banking bank account could be just the solution you're looking for.
Click here to find out about our think banking account
Get expert, confidential debt advice todayIf you would like more information, our experts are standing by ready to help 0800 161 3516Speak to an expert today
Call: 0800 161 3516
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Subject to eligibility and conditions. Repaying debt over a longer period may increase the total amount to be repaid. Alternative debt solutions may be offered. Debt write off applies to unsecured debts and only on completion of an IVA. Homeowners may be required to release the equity in their property. Calls may be recorded.
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