Contact us today for help with your debts
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Affordable repayments
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Freeze interest and charges
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Help with any Bailiff or Legal Action by your creditors
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Take control of your finances
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Disclaimer: When choosing which solution you wish to proceed with, it is very important that you read the terms and conditions of each available option to enable you to make an informed decision. Although the advice we give is free, fees may apply if you decide to proceed with a debt solution. One of our experienced advisors will outline if fees are applicable.
Did you know? You can get free and impartial money advice from Money Helper – an organisation set up by the Government to help people struggling with debt.
We can take into consideration the following debts:
Credit Cards
Overdrafts
Catalogues
Council Tax Arrears
Payday Loans
Store Cards
Personal Loans
HMRC
Utility Arrears
Bailiff Debts
Overpayment of Benefits
Disclaimer: When choosing which solution you wish to proceed with, it is very important that you read the terms and conditions of each available option to enable you to make an informed decision. Although the advice we give is free, fees may apply if you decide to proceed with a debt solution. One of our experienced advisors will outline if fees are applicable.
Do you need help with bills?
The Debt Solutions Available
Debt relief Order (DRO)
Individual Voluntary Arrangement (IVA)
Bankruptcy
Debt Management Plan
Debt relief Order (DRO)
DRO Criteria
A Debt Relief Order (DRO) is a way of dealing with your debts if you can’t afford to pay them. It means you don’t have to pay certain kinds of debt for a specified period (usually 12 months). At the end of the DRO period, the debts included in it will be written off (‘discharged’) and you won’t have to pay them.
Advantages
An inexpensive procedure to wipe out your debts.
Normally the procedure only lasts 12 months.
Assets with a value of £2,000 or less can be kept, together with a vehicle worth less than £2,000.
Creditors included in your DRO are unable to take legal action against you or request payments.
Disadvantages
You should always check to see if a DRO (Debt Relief Order) is a better option for you, our helper team can provide you with information.
IVAs
An IVA allows you to set up an affordable repayment plan with your unsecured creditors over a set period. The typical period is usually between 5 and 6 years.
Advantages
Disadvantages
A high proportion of IVAs proposed are accepted however your creditors do have to agree to an IVA, therefore we can’t guarantee it.
An IVA is a formal arrangement, so you do need to comply with the terms for it to work. The monthly payments will be affordable and sustainable but are likely to mean quite a tight budget while the debt is repaid.
It will affect your credit score. IVAs remain on your credit file for six years from the date your creditor agrees to it or until your IVA is finished, if it lasts longer than six years meaning that even if you complete it within five years, it will show up on your record for another 12 months.
Your IVA will be listed on the Individual Insolvency Service register.
You will pay fees to the IVA company, although they will often be factored into your affordable monthly payments.
Your details will be entered into a register that can be accessed via the internet.
Only unsecured debts can be included on an IVA.
Only unsecured debts can be included on an IVA.
If you fail to keep up with your arranged payments when in an IVA, you could be at risk of going Bankrupt.
When qualifying for one of our IVAs, it is very important that you read all of our small print, Terms & Conditions of each available option, to make an informed decision. One of our Debt Advisors will outline if fees are applicable depending on the debt solution you qualify for.
If you wish to see if you are eligible for an IVA, our expert team of Advisors are here to help.
Bankruptcy
A formal and legally binding form of insolvency is bankruptcy. You can file for bankruptcy if you owe £750 to one or more of your creditors. A one-time payment of £680 can be made in installments. However, until the full amount of £680 has been paid, you will not be able to finish your application and be protected from your creditors. You will be freed from bankruptcy in one year, but if you have money left over, you might have to pay monthly contributions for three years.
Advantages
Provides immediate debt relief and no further legal action can be taken against you.
It allows you to normally make a fresh start after 12 months
You will be able to keep your house if a third party can purchase your share of the equity
Disadvantages
If you wish to see if you are eligible for Bankruptcy, our expert team of Advisors are here to help.
Debt Management
A DMP is an informal agreement between you and your creditors for paying back your non-priority debts. Non-priority debts are things like credit cards, loans, and store cards.
Advantages
More flexible than an IVA or bankruptcy
Most creditors will initially agree to freeze some or all of the interest and charges
Enables you normally to make 1 single monthly payment to your creditors
Suitable for short term financial difficulties
Disadvantages
If you wish to see if you are eligible for a Debt Management Plan, our expert team of Advisors are here to help.