We help customers recognise they have debt and help them manage their finances with some of the biggest creditors in the UK.
Complete your debt assessment and find out how much debt you could write off.
A debt advisor will contact you to discuss your financial options and the next steps.
Choose a suitable debt consolidation plan that is practical and affordable.
An IVA is quick and easy to set up. You make one affordable monthly payment to a qualified legal professional, who then distributes the payments to your creditors. The amount each of your creditors receives is according to the agreed amounts stipulated in your IVA proposal that we put together on your behalf. All interest and charges will be frozen to 0% and creditors will be prohibited from demanding additional payments.
You will make your monthly agreed payment for 60 months, and at the end of the term any debt outstanding that you still owe your creditors is written off. This can be up to 75% of your original overall debt. You will be completely debt free in 5 years.
*Example based on 60 monthly repayments. Subject to creditor acceptance. Monthly payment subject to individual circumstances. Credit rating may be affected.
A debt management plan is an agreement between you and your creditors to pay off your debts, it is a flexible arrangement and can be altered at any time, assets should be safe outside of the plan. The arrangement tends to run over a long period of time, whereby you make a single, regular (often monthly) payment to a licensed debt management company and they then distribute the money to creditors on your behalf.
Debt management plans are usually used when you have debt problems but will be able to make repayments in a few months. Debt management plans are flexible, informal solutions and are not legally binding, so should your circumstances improve, you can leave a plan at any time.
Your debt management plan enables you to make one single affordable monthly payment to all of your included debts. This payment is then shared amongst your creditors.
A debt management plan is an agreement between you and your creditors to pay off your debts, it is a flexible arrangement and can be altered at any time, assets should be safe outside of the plan. The arrangement tends to run over a long period of time, whereby you make a single, regular (often monthly) payment to a licensed debt management company and they then distribute the money to creditors on your behalf.
Debt management plans are usually used when you have debt problems but will be able to make repayments in a few months. Debt management plans are flexible, informal solutions and are not legally binding, so should your circumstances improve, you can leave a plan at any time.
Your debt management plan enables you to make one single affordable monthly payment to all of your included debts. This payment is then shared amongst your creditors.
If you have a debt problem, one of your options for sorting it out might be Bankruptcy. You can apply for bankruptcy if you can't pay back your debts. As well as applying for bankruptcy yourself, someone else you owe money to (a creditor) can apply to make you bankrupt, even if you don't want them to. For a creditor to make you bankrupt, you must owe at least £5,000.
There's no minimum amount of debt required to go bankrupt. If the value of your unsecured debt is greater than the value of the belongings you own, such as property or vehicles, it may be an option for you. If you can afford to make a payment, you will be asked to do so for up to 3 years. Bankruptcy will adversely affect your credit rating and will remain on your credit file for 6 years from the day you are declared bankrupt.