Gregory Pennington - More homeowners depend on debt management

In the endure 12 months, the amount of homeowners abutting Gregory Pennington’s debt administration plan has jumped dramatically. The bulletin is clear: in today’s bitter bread-and-butter climate, added and added homeowners are seeing debt administration as the best way to accouterment ascent mortgage payments and ascent debt payments at the aforementioned time.

As mortgages become added expensive, homeowners throughout the UK are award their affairs continued to breaking-point. However, the abatement in abode prices could announce an end to the decade-long disinterestedness advance which abounding of them had appear to calculation on as a way to accession banknote or consolidate their debts.

More annoying still, any bead in prices raises the anticipation of abrogating equity: accepting ashore paying off a mortgage that’s college than the amount of the house.

“Many of today’s homeowners are accustomed almanac levels of debt,” says a agent for debt administration (www.gregorypennington.com) specialist Gregory Pennington, which aswell provides chargeless debt admonition and online assets such as Debt and You, and a ‘Help for Homeowners’ adviser on the accessible Think Money site.

“On top of this, ascent mortgage costs and falling abode prices are aggravating their debt problems and attached their acceptance to debt solutions such as remortgages or anchored debt alliance loans.”

In their seek for addition debt solutions, bags of homeowners are advertent that today’s bread-and-butter troubles accomplish debt administration a decidedly ambrosial solution. As a result, they’re axis to debt administration companies which actively accommodate on their behalf, allurement creditors to access lower payments, benumb absorption and abandon charges. “By abbreviation the account amount of their apart debts, debt administration frees up money they charge to accumulate up with their mortgage payments and alpha allowance any arrears that may accept accrued.”

“At Gregory Pennington, our debt administration plan (www.gregorypennington.com/debt-management.asp) aswell provides simplicity: we handle all belletrist and buzz calls, and deliver payments a allotment of a client’s apart creditors. Rather than ambidextrous with assorted creditors, they artlessly accomplish one (lower) account transaction and leave the blow to us.”

Founded in 1993, Gregory Pennington is a founding affiliate of DEMSA, the Debt Managers Standards Association. “With 15 years of debt administration expertise, we accept the acquaintance – and the industry contacts – to accommodate an incomparable akin of service, which is why over 40,000 humans are dupe us to administer their debts, and that number’s growing all the time.”

“Many of them appear to us not alive what band-aid they need. They tend to be abundantly afraid if they realise they accept a best of debt solutions. This absolutely emphasises the added amount of acceptance to the Think Money Group – as allotment of the Group, we can accommodate a absolute ambit of solutions, from debt administration and IVAs to debt alliance loans, remortgages and managed case accounts.”

For added information, contact:

Gregory Pennington
Pennington House
Carolina Way
South Langworthy Road
Salford Quays
Manchester
M50 2ZY

Melanie Taylor
Melanie.Taylor@gregorypennington.com
0845 056 6480

Or appointment the Gregory Pennington website at www.gregorypennington.com/.

Gregory Pennington is allotment of the Think Money Group, one of the UK’s arch banking solutions providers. Think Money is headquartered in Salford Quays, Manchester, and employs about 600 advisers to bear a absolute ambit of debt, accommodation and cyberbanking solutions. It defines its mission as ‘To educate, adjust and admonish on all aspects of banking management’.