Aged Debt is arguably one of the biggest concerns facing today’s barrister community, brought sharply into focus as most traditional lending sources continue to tighten. As experts in the Barrister market we fully understand the financial strains that can be placed upon the day to day running of a busy practice. Individual cases can take time to complete which can seriously affect a Barrister’s cash flow. We know that it is imperative for you to find a financial solution that addresses your specific needs.

With over a decade of experience and full endorsement from the Bar Council, why not speak to one of our consultants to see how Vector can add value to your practice. It is a well known fact that the Bar work incredibly long hours with cases requiring considerable focus. It is concerning that financial worries can potentially dilute that focus and have a detrimental affect on day to day working life. Unlocking Aged Debt is an effective fast track and often tax efficient method to release tied up funds quickly and efficiently with the added benefit of augmenting cash-flow on offering peace of mind in one easy step.

  At Vector Professions Finance we understand the environment that you work in and the complexities that surround it. Our flexible finance options have been designed with this in mind. Below are some of the features of our Aged Debt funding loans.

  A high earning junior with an Aged Debt of £350,000 and a tax bill of £100,000 to pay with some overdraft headroom available.  On balance, the  client preferred to fund the bill through an Aged Debt Loan with the advantage of leaving the overdraft for contingency and the day to day running of the practice and being able to offset the  interest element of the loan against tax. The facility enables barristers to capitalize these fluctuating costs over a predetermined period and is particulary relevant for those with over seven years call who are taxed on an earnings basis. A junior with an Aged Debt of £175,000, an overdraft of £50,000  and credit card debts of £25,000. A five year loan was used to consolidate the aforementioned debts. The client was offered peace of mind through a structured  affordable tax efficient repayment programme to remove financial worries.  

 

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Vector Professions Finance are a fully endorsed Bar Council Service Partner whose principal activity over the last decade is Aged Debt Funding Services to the Bar .

Vector understand the requirements of the Barrister community and have a sympathetic panel of funders who are equally receptive .Our bespoke loans unlock Aged Debt quickly , augment cashflow and offer peace of mind in one easy step .

Why not call Vector today on 0845 619 1667 to take advantage of our popular facility.

We provide a simple text alert service which gives you quick information about your Aged Debt funding application and important financial updates that can help your practice. Simply text the keyword 4funding to 88802.

Registered Office, 82 St John Street, London, EC1M 4JN. Kingsley Lighton Ltd t/as Vector Professions FinanceRegistered in England & Wales No.4284890