Your monthly payments by up to 81%*
Charges and interest on your debts
Harassment from bailiffs and creditors
*Debt write off is based on the performance of IVAs administered by our partners. The amount of debt write off may vary depending on your personal circumstances.
Getting out of debt can be difficult but it is possible.
You make one affordable monthly payment to a qualified legal professional, who then distributes the payments to your creditors. All interest and charges will be frozen to 0% and creditors will be prohibited from demanding additional payments.
We help customers recognise they have debt and help them manage their finances with some of the biggest creditors in the UK. We can help you by stopping the rising interest and charges, then lower your bills with one affordable monthly payment.
Complete our online application form to help us get a better idea of your financial situation.
After the online assessment a debt specialist will call you and talk through your options.
Select the debt relief plan that works for you and your personal circumstances.
How can debt consolidation help?
With debt consolidation, you borrow enough money that is equivalent to, or exceeding, the total of the amount you owe. This money is then used to reimburse your lenders while leaving you with one regularly scheduled installment rather than multiple.
Your obligation is then passed to one lender. Instead of multiple interest rates you have just one, and one loan payment, which is easier to manage and track. The primary appeal of debt consolidation is the financial management it provides, by reestablishing control and making it easier.
Stop rising interest rates and late payment charges. Check to see if you qualify today then lower your bills to one affordable monthly payment. If you have poor or bad credit debt consolidation is an financial option available to you. All credit scores are considered and you can complete the online application to see if you are eligible.
When you complete our quick application form you can tell us more about yourself and your financial situation. A member of our debt relief will then call you to discuss your options in more detail. From here you can then choose a debt relief plan that suits you and your personal circumstances.
*Example based on 60 monthly repayments. Subject to creditor acceptance. Monthly payment subject to individual circumstances. Credit rating may be affected.
The term IVA stands for "Individual Voluntary Arrangement". It is a legally binding contract that can be setup with your creditors. If you choose to setup an IVA, any outstanding unsecured debts due to your creditors will be written off.
It's worth noting that secured debts are not usually taken into account as part of your IVA and you will be required to pay these as normal.
An IVA is a useful financial support option but it is not suitable for everyone. If you are struggling to pay off your debts there are a range of factors to consider. First and foremost is the amount you can afford to repay, both monthly and in total.
An important factor is how many creditors you owe and how much money. These can then be used to calculate how long it would take you to pay your debts in other ways.
A debt management plan is a way to get your debt under control through financial planning and budgeting. An IVA is a legal contract that means both you and your creditors must adhere to the terms of the agreement. Once an IVA has been approved any interest and charges are frozen.
With a debt management plan you are required to pay the full debt amount to your creditors. There is also the potential that you may have to pay interest and charges on the debts.
When you setup an IVA all the costs associated are included as part of the monthly payments you make. Any fees are agreed by the creditors, as part of the contract, and taken from the IVA payments.
If you proceed to setup an IVA your proposal will contain full details of any associated fees.
Your monthly payment will depend on your personal circumstances. The amount is calculated so that it's both affordable for you and satisfactory to your creditors. You can agree on an affordable amount before contacting your creditors and proceeding further.
Please be aware that because an IVA is a legally binding agreement you are expected to comply with your obligations, including monthly payments, that are set out in the IVA proposal.
Once you've setup an IVA, you will normally agree not to obtain any further credit. When you have successfully finished your IVA your insolvency practitioner will provide you with a certificate of completion. You can then provide the certificate to the credit agencies as proof and request them to update your records.
It's important to note that any defaults and CCJs will remain on your credit record for six years, so you will have one year left. Once you've finished your IVA, you can apply for credit again but there may be difficulties.