Business debt
Credit that is provided to companies (LTD, PLC and LLP) and sole traders. This type of debt, if taken by a variation of the limited companies, is usually personally guaranteed if the credit is obtained from banks or building societies. If the credit is through supply of goods or materials for a limited company, the debt is usually, completely unsecured and if the company were to go insolvent, the remaining debt would be written off once the assets had been distributed between the creditors. Any credit provided for a sole trader is a liability for the named person trading as, where if the sole trader were to cease trading, the debts would still be their responsibility.See also Private Limited Company (LTD), Public Limited Company (PLC), Limited Liability Partnership (LLP), Sole trader, Personal Guarantee and Insolvency.
FH Debt Solutions can help you get back in control of your debts. Our highly trained advisors are always happy to help. Our Debt Management Plans & IVAs have already helped thousands of people on their way to becoming debt free.
Call Our Debt Management Helpline Today On 0800 389 6339
FH Debt Solutions are licensed Debt Adjusters and are Data Protection registered. We have partnerships with Licensed Insolvency Practitioners, Credit Brokers and Mortgage Brokers.
There are a large number of companies out there offering services but charging percentage fees on a month by month basis. These fees can be 15% of you overall payment. E.G. payment is £300 their fee is £45. FH Debt Solutions believes in being realistic with charges. We have built up strong relationships with creditors over the years that have helped give our customers a quicker and more effective service. Fees are based on work load, not the amount of debt you owe.
FH Debt Solutions is a partnership. The partners bring many years of experience in the Debt Management field. By working for other Debt Management companies, the partners found gaps in service, reliability, customer satisfaction and overpricing. Using our knowledge and listening to what customers want, FH Debt Solutions was formed.
All customers have an appointed member of staff to deal with their case from start to end. This helps us keep our service high and queries low.
Being in debt is stressful. FH Debt Solutions gives its customers a sympathetic, professional and stress free alternative to their debt problems, and with the office always open, you can call at a time that's convenient to you.
