About Platinum Debt Solutions

Platinum Debt Solutions is a division of a financial brokerage company Platinum Financial Solutions. In recent times we have come to realise that as a pro-active financial brokerage company we have to offer our expertise to the ever increasing problem of financial debt. With this in mind we have associated ourselves with a long established licensed insolvency practitioner.

We have major advantages of being a division of financial brokerage as we can explore different avenues and research the market for remedies to your financial debt issues. In depth knowledge of the financial market also ensure we are fully aware of products that are avaliable for alternative methods to solve all your debt issues.

Typical case studies.

Case Study 1

A client in Newcastle, who had accumulated unsecured debts totalling £28,000 after the breakdown of her marriage. She had recently started a new job and was struggling to make ends meet. One of our fully-trained advisors called her and performed an in-depth fact-find, assessing her income and expenditure, and concluded that she could afford to make monthly payments of £275. Proposals for an Individual Voluntary Arrangement were put to creditors based on monthly payments of £275 for a period of five years in settlement of her debts, the client’s creditors accepted these proposals which generated a dividend of 57 pence in the pound. The client will pay £16,500 over five years in settlement of her debts of £28,000 and will be able to keep her house. At the end of the arrangement Miss D will be completely debt free. The whole process took no more than 4 weeks to complete.

Case Study 2

This client had debts of £424,424 following the failure of a business several years before. The only asset she had was her home which was worth £170,000. The client was not working as she had recently had a baby and was being supported by her boyfriend. We assisted in the re-mortgage of the client’s home which realised the sum of £148,000. We presented creditors with an IVA proposal to accept the £148,000 as a one off payment in full settlement of all liabilities. With no other assets or income, creditors accepted the IVA in February 2007. We have now paid a one off dividend of 35 pence in the pound and the client is now debt free and was able to keep her house.