Struggling with debt?

Find the right debt solution for you.

  • One lower affordable monthly payment
  • Freeze interest and charges
  • Stop lender calls and harassment
  • Advisor waiting to help today
  • Non-judgmental and no-obligation

Free and impartial money advice is available from the Money Helper, an organisation set up by the Government for people in debt.

If you do not maintain the full contractual repayments’ to your creditors this will negatively impact your credit rating.

If you qualify for a debt solution, it is important you read the small print to understand the Pros and Cons of each available option. A debt advisor will outline if fees are applicable depending on the debt solution you qualify for.

Get Debt Help Today

Here’s an example of how we can help

Debts Owed

Loan £12,356
Credit Card £9,765
Catalogue £987
Council Tax £1,256
Payday Loan £1,409
Total Debt £25,773

Repayments Before & After IVA

Before
speaking to us*

£652

After
debt solution*

£118

*Subject to creditor acceptance
*Payment subject to individual circumstances
*Credit rating may be affected
*Fees apply, subject to individual’s circumstances

IVA Pros and Cons

To get a general idea of how an IVA works and what it might mean for you, it is useful to read the advantages and disadvantages associated with being in an IVA. So, you can decide if an IVA is the right option for you.

IVA Advantages

The benefits of an IVA can be quite compelling, especially if you have problems with debt:

  • You only must pay an agreed percentage of your debt back. You will still be paying part of your debt back with an IVA which must be a higher amount than the creditors are likely to receive in Bankruptcy.
  • You will be free of debt in a set time. In an agreed number of years, you will be debt free and able to get on with your life.
  • Your creditors will stop calling. Once enough of your creditors agree to it at least 75% in value of the creditors that vote must do so an IVA is legally binding. That means they cannot take any further legal action or contact you to demand payment.
  • You won’t have to sell your home. However, you could be expected to re-mortgage and free up some equity for your unsecured creditors our adviser can explain this in more detail.
  • It’s affordable. Your monthly IVA repayments will depend on your specific income and outgoings, meaning it will be an amount you can afford each month.
  • The contractual interest and charges on your unsecured debt will be frozen, so you can get on with making payments.
  • There is always someone on your side. You will receive support from the insolvency practice, meaning you always have someone to discuss any concerns with.

IVA Disadvantages

If you’re considering an IVA then it’s important you take everything into consideration, including the small print.

  • 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.

Where can you get more information on an IVA?

To see if an IVA could be the right solution for you, call 0161 549 9848 or apply online.

Free and impartial money advice is available from the Money Helper, an organisation set up by the Goverment for people in debt.

Start planning a future free of unsecured debt

1

Check if you qualify

Simply complete the form to see if you qualify for any of the available debt solutions.

2

Consultation

A friendly & experienced advisor from DSD will contact you to discuss yourc ircumstances.

3

You decide

They will explain all your options, so that you can decide which solution works best for you!

Types Of Debts We Help With

Loans

Store Cards

Payday Loans

Credit Cards

Overdrafts

Council Tax

Catalogues

Utility Bills

Free and impartial money advice is available from the Money Helper, an organisation set up by the Goverment for people in debt.