There's A Credit Card Debt Solution For You

  • Got credit card debts you can't pay?
  • Missing repayments and getting extra charges?
  • Looking for a credit card debt solution?

Credit card debt is a type of unsecured debt. Unsecured debts can be solved using readily available debt solutions like debt management and IVA's.

What you need to do is find out which solution is best for you and then find an organisation that can start talking to your creditors for you to solve your debt problem before it becomes more serious.

What's The 'Right' Credit Card Debt Solution?

When we talk about finding the right debt solution to credit card debt, by ‘right’ we mean the solution that:

  • Is going to pay your cards off the fastest with the least money
  • Protects assets like your home
  • Minimise damage to your credit rating
  • Return you finances back to health in a known period of time

Get An Expert Opinion On The Best Debt Solution For You

Talk About Debt has been set-up to help find you solve debt problems the right way. We have partnered with debt charities and market leading debt help organisations to ensure you get the very best advice and the solution that is right for you. Speak to one of our recommended debt advice charities to find a suitable solution for your situation. >>

Which debt solutions is best for you?

Comparison Table Of Debt Solutions

Solutions
Debts Written Off
Legally Binding
Interests & Charges
Residential Status
Fees
Notes
IVA
Yes - Average 58%
Yes
Stopped
Tenant or Homeowner (Eng/Wales)
Yes on average around 20% of the payments you make to creditors
Typically you must have debts over £15,000 and be able to offer yourcreditors about 20% of the value of the debt back over 5 years.
Debt Management
No
No
Many Freeze
Tenant or Homeowner
Yes
In a Debt Management Plan, you will be required to repay all of your debt in full.
Consolidation
No
Yes
New Rates & Charges
Tenant or Homeowner
Yes
Consolidating your debts generally means you'll pay more back over a longer period of time.
Bankruptcy
Yes
Yes
Stopped
Tenant or Homeowner (Eng/Wales)
Yes - up to £700 depending on your circumstances. You may also be subject to a 3 year Income Payments
You need to think carefully about all the affect bankruptcy will have on your home and your employment.
Debt Relief Order
Yes
Yes
Stopped
Tenant
Yes - £90
You must have debts under £15,000 and have little in the way of assets