|
|
|
|
|
Debt Purchase
(One has to be extremely careful if releasing their home equity, by way of a charge etc)
Pros
- Would stave off and stop creditor hassle.
- Transfer of notifiable debts.
- Would not affect income
- No payments would need to be made
- A way to consolidate existing debts, without taking on further borrowing.
Cons
- A security would be required. (Home etc)
- Need to show formal proof of debt
- Could be an administration cost.
|
|
|
|
|