Speak to an Advisor
Getting Debt Help
Check if you qualify online now.
Eligibility CheckIf you do not maintain the total contractual repayments to your creditors, this may negatively impact your credit rating.
If you qualify for a debt solution, you must read the small print to understand the Pros and Cons of each option. An advisor will outline if fees are applicable depending on your qualifying debt solution. A debt solution may not be suitable in all circumstances.
Free and impartial money advice is also available from the Money Helper, an organisation set up by the Government for people in debt.
Eligibility Check
Various debt solutions may be available to provide relief in situations where it is challenging to meet your contractual repayments.
Debt solutions can offer a range of benefits, such as preventing creditor contact, including stopping letters, phone calls, emails, and enforcement agents, whilst also freezing interest & charges.
In some cases, it may be possible to write off some or all your debt if it can be shown that your debts cannot be repaid within a reasonable time.
If you qualify for a debt solution, you must read the small print to understand the Pros and Cons of each available option.
Check your eligibility for a debt solution by clicking on the ‘eligibility check’ link below:
If you cannot pay your debts, you can apply to make yourself bankrupt. Bankruptcy is a formal insolvency route and can have serious financial implications.
Creditors can apply to make you bankrupt, or you can apply yourself. It is something to be carefully considered.
The three ways you can go bankrupt are: you apply for bankruptcy yourself, an application for bankruptcy from a creditor, or an IVA Supervisor if you fail to meet the terms of your Individual Voluntary Arrangement (IVA).
Key features:
Considerations:
You lose control of finances and assets; the official receiver or Trustee appointed on your case will decide what happens to your valuable assets and finances.
Check your eligibility for Bankruptcy by clicking on the ‘Eligibility Check’ link below:
An IVA (Individual Voluntary Arrangement) is a legally binding agreement between you and your creditors to pay back your debts over a period of time.
If most creditors agree to your IVA proposal and it is accepted, you must agree to make regular payment contributions to an insolvency practitioner who will administer the IVA for both you and your creditors, and they will fairly divide your payment contributions between your creditors.
An IVA can give you more control of your assets than bankruptcy.
Key features:
Considerations:
Check your eligibility for an Individual Voluntary Arrangement (IVA) by clicking on the ‘Eligibility Check’ link below:
Debt Relief Orders (DRO) are formal debt solutions for people with little or no assets and low income.
If you do not own your own home & have little spare income and debts that are less than £30,000 a Debt Relief Order (DRO) could be a way to deal with your debts.
It is an alternative debt solution to Bankruptcy or an Individual Voluntary Arrangement and is available to residents of England, Wales, and Northern Ireland.
Key features:
Considerations:
Check your eligibility for a Debt Relief Order (DRO) by clicking on the ‘Eligibility Check’ link below:
A Debt Management Plan is an informal repayment agreement between you and your creditors to pay your debts.
Debt management plans are an alternative debt solution to formal, legally binding arrangements, such as an Individual Voluntary Arrangement (IVA) or Bankruptcy. They are available to residents in England, Wales, and Northern Ireland.
Debt management plans are typically used under the following circumstances:
Key Features:
Considerations:
Check your eligibility for a Debt Management Plan (DMP) by clicking on the ‘Eligibility Check’ link below:
An Administration Order is a repayment plan arranged by the County Court and is only available in England, Wales, and Northern Ireland.
An Administration Order legally binds your creditors and protects you from them.
The creditors included in the order cannot contact you for payment or add any more interest or charges to your debts once the administration order has been approved.
To apply for an Administration Order, you need to have:
Key features:
Considerations:
Check your eligibility for an Administration Order by clicking on the ‘Eligibility Check’ link below:
Breathing Space is a new debt option that gives you temporary protection from the creditors you owe money to if you are struggling with debts.
Key features:
There are two types of Breathing Space:
Check your eligibility for Breathing Space by clicking on the ‘Eligibility Check’ link below:
Complete the form to see if you qualify for an IVA.
A friendly & non-judgemental advisor will call to discuss your circumstances.
They will explain all your options so that you can decide which solution works best for you!
Debts Owed
Repayments Before & After IVA
Before
speaking to us*
£652
After
debt solution*
£122