Thornton Shepherd Associates

Debt Management

We provide confidential debt advice and could help you:

Repay your unsecured debts without borrowing more money
One affordable monthly payment
Potentially freeze interest and charges
We deal with your creditor letters, phone calls & payments
Flexible plan that can be changed to suit your circumstances

We're here to help you.

For more information contact us on 0844 414 0805 or complete the enquiry form and one of our experienced advisors will be happy to help you whatever your circumstances.

Individual Voluntary Arrangements (IVAs)

If you have a substantial amount of unsecured debt, usually around £15,000 or more, an Individual Voluntary Arrangement (IVA) could be your best solution. If you qualify, it is a legally binding agreement between you and your creditors to clear your debts at an affordable amount each month with a guarantee that after a fixed time – usually 60 months- any remaining debt will be written off.

Your circumstances will be reviewed each year during the IVA to make sure the amount you are paying is fair and affordable for you.

An IVA may affect your credit rating and a fee may be applicable depending on suitability and qualification.
For more information contact us on 0844 414 0805 or complete the enquiry form and one of our experienced advisors will be happy to help you.

Enquiry Form

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Terms & Conditions

Terms and conditions

1.	Definitions:
i.	“Agreement”		between you and us as subject to these terms and conditions.
ii.	“Business conditions”		these terms and condition
iii.	“Creditors”			all of your creditors whose details you have given us in accordance with these business condtions.
iv.	“Management Programme”	the repayments we have prepared on your behalf to your creditors.
v.	“Management Fee”		the agreed amount of money you pay to us for the service we provide
vi.	“Services”			what we provide you with in accordance with these business conditions
vii.	“Us”, “We” and “Our”	Thornton Shepherd Associates – registered office Woodhead House, 44-46 Market                                                       Street, Hyde, Cheshire, SK14 1AH
viii.	“You”			you the client(s) who is/are named on all official Thornton Shepherd Associates documentation

2.	Agreement:
i.	Our agreement with you will commence from the time we receive your signed authority and your first payment clears into our bank account
ii.	You agree for us Thornton Shepherd Associates to act on your behalf to provide you with a service of debt counsellors and negotiators.

3.	Our bank accounts, fees and your payments to us:
i.	Due to the fact that most of our work for you will be at the beginning of the programme the first payment you make will be retained as a fee and instigates your management plan with us in addition it is your acceptance to our terms and conditions of business.
ii.	All future payments go into our client trust account with the exception of the management fee, which will be transferred into our account.
iii.	Your creditors will not be paid until you have made your second payment to us.
iv.	We will not pay any interest made on moneys we hold in any account.

4.	The service we will provide for you:
i.	We will scrutinize your income and expenditure to produce a financial statement for you ensuring you have a suitable amount of money for living costs; and in doing so negotiate with you a repayment figure you can afford.
ii.	We will negotiate on your behalf with all your creditors to explain your current financial position and ask that they accept the reduced repayment offer.
iii.	We will negotiate with your creditors to accept the reduced payments and to also try and reduce or freeze interest and charges which they can apply, and where applicable to withdraw or not proceed with any court action taken or pending against you.
iv.	The information you provide to us will be used to provide you with and to administer a financial management programme on your behalf.
v.	We will conduct a six monthly review or earlier if your creditors wish to ensure your repayments are suitable to both you and your creditors.
vi.	We cannot deal directly with secured loans or other HP agreements however we may be able to help you with the paying of any arrears.
vii.	We reserve the right to refuse any debt less than three months old
viii.	We will try and provide you with an accurate duration of time for the management plan; however, this is based on the ability to get your creditors to reduce or freeze interest and other charges
ix.	Whilst negotiations are talking place your debt will increase.
x.	We will try and prevent both defaults and CCJs however, these could occur
xi.	We do not normally represent clients in court however should you require this service a one off fee will be payable negotiable at the time.

5.	Your responsibility:
i.	To ensure your monthly payment is received by us on time.
ii.	To inform us if your circumstances change we will do our utmost to assist and support you.
iii.	To have told us about all your credit commitments both secured and unsecured.
iv.	To enter into no further credit agreement with out our knowledge and consent.
v.	You must provide us with details of your income, expenditure and credit commitments as and continue to do so when required.
vi.	Where ever possible to send us original documentation which clarifies your financial situation.
vii.	To allow us to deal with your creditors
viii.	To make no further payments to your creditors without our consent
ix.	You have made at least three payments to each of your creditors, unless you have food on buy now pay later and which in which case must have been in your possession for over 3 months
x.	The information you give to us must be both true and accurate to the best of your knowledge

6.	When we may terminate our arrangement with you:
i.	Should you fail to make your regular contractual payments to us.
ii.	Should you breach any of the conditions in section 5 of your responsibility.
iii.	In all cases we will give you two weeks written notice of cancellation by us and the reason(s) why.

7.	Cancellation of agreement by you or us:
i.	You may cancel this agreement with us in writing at any time giving s two weeks notice at the address above
ii.	Once the agreement ends our duties and obligations under this agreement end.  We will return any extra money that we may be holding for you in our client trust account
iii.	It is also your responsibility to cancel any standing orders to us.

8.	Data protection and your confidentially:
i.	We Agree to keep confidential all information received from or about you, releasing it only to such of your creditors so far as is necessary in order to negotiate and agree a repayment plan.
ii.	We may share information about you within our company and or other companies within our group
iii.	We may also use your personal information to provide you with other products and service, which may interest you
iv.	You may request under the Data Protection Act 1988 for copies of any information we hold about you additionally under the provision of this Act we may charge your for this information

I have read and understand terms and conditions*

Legal Information

Registered Office Thornton Shepherd Associates Limited, Woodhead House, 44-46 Market Street Hyde, Cheshire, SK14 1AH
Company registration number 4558939 Consumer Credit licence 528583

Can also trade as

www.thorntonshepherdassociates.com
www.thorntonshepherdassociates.co.uk
www.thorntonshepherdassociatesuk.com
www.thorntonshepherduk.com

www.thorntonshepherd.com
www.thorntonshepherdassociateslimited.com
www.debtfreetsa.co.uk
www.debtfree-tsa.com

www.debtfreetsa.com
www.debthelptsa.co.uk
www.debthelp-tsa.com
www.debthelp-tsa.co.uk

Thornton Shepherd Associates Ltd

Debt Management

Individual Voluntary Arrangements (IVAs)

Enquiry Form

Legal Information