According to the Association for Payment Clearing Services (APACS), there are more credit cards in the UK than people.  There were 74.6 million charge and credit cards at the end of 2005 and 60 million people in the country, which is quite a comparison.  Additionally, the total credit card debt as of July, 2006 was £54.7 billion.  These eye-opening facts reveal that managing debt is currently a pressing priority for many people.

            Spectrum Financial co uk provides valuable debt consolidation information and services through Abacus Financial Consultants Ltd.  Abacus Financial Consultants Ltd is a registered company with a consumer credit license and years of experience.  Spectrum Financial offers free advice to assist clients who want to reduce loan payments and consolidate debt.  Spectrum Financial is able to offer several alternatives to their clients for debt consolidation and management.

            One of the ways that Spectrum Financial co uk can help you to consolidate debt and avoid bankruptcy is by pursuing an alternative called an Individual Voluntary Arrangement (IVA).  An IVA is a legal process for people with serious debt issues.  With an IVA, it is possible for a debtor to write off up to 75% of their outstanding debt and then make one affordable monthly payment for a period of 60 months.  At the end of that time, all remaining debt is written off and the debtor is cleared.  When you pursue an IVA, all interest and charges stop and legal action and collection harassment is halted.  An IVA becomes even more appealing when you consider that bankruptcy can have severe personal consequences, such as loss of future assets and the inability to run a business.  Additionally, if you are a homeowner, avoiding bankruptcy and securing an IVA can help you to protect the equity in your home.  An IVA is an excellent alternative for many, but not everyone is qualified for one.  In those cases, Spectrum Financial com has other viable options available for debtors to consider.

            Debt management is an alternative that can reduce your monthly repayments by up to 70%.  Spectrum Financial can negotiate with creditors and consolidate loan, credit cards and problem debts into one monthly payment that is easier on your budget.   The debt management services that are promoted by Abacus Financial Consultants are administered by Harrington Brooks (Accountants) Limited and a monthly statement is issued to debtors, showing creditors paid.  The fee for Spectrum Financial's debt management services is 17.62% of the total amount repayable.

            Spectrum Financial also helps customers to find a secured or unsecured debt consolidation loan.  Spectrum is able to assist customers who have bad credit, who may have been declined for a loan already and even people who have a County Court Judgment, to find a loan that is suitable for their individual situation. 

            Another service offered by Spectrum is professional management to stop home repossession.  Abacus Financial Consultants, also known as Spectrum Financial, have vast experience saving homes and bringing people back from the brink of personal financial disaster.  Spectrum can help you whether you are a homeowner, council tenant or with a Housing Association.  You can avoid eviction by obtaining free advice about your situation and allowing expert counselors to intervene on your behalf.

            Spectrum Financial is located in Manchester and can be contacted at their physical address, through their website or at their convenient national rate number.  The Spectrum website also offers a vast selection of debt advice articles and guides.  These articles are  specifically geared to help UK residents who are experiencing financial difficulties and seeking out information and possible solutions.  The advice found in these articles includes dealing with bailiffs, bad credit, UK law on bankruptcy, general debt assistance and information on debt counseling and debt consolidation.   Whether you are looking for budget tips or legal information, Spectrum Financial's website provides a great selection of informative guides.

            It is never too late to take control of your financial solution and seek help.  Getting free advice and information from Spectrum Financial is an excellent place to start.