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debt solutions

Find A Debt Solution That Is Right For You?

You may have heard about debt solutions like debt management title=”debt management”, IVA’s and bankruptcy. You may even know a bit about them and have an idea which you would prefer. But what you need to also know is insolvency law is complicated as is the process of understanding which solution is right for your circumstances and will be accepted by your creditors. This is a skill debt advisors learn over a long period of time, and is why you really need to talk to a professional as soon as you can. There knowledge and experience is free and if you get in touch with the right ones, you won’t be sold to. You just get good honest impartial advice. This is where we can help you.

Our Solution

To ensure that you get the right advice, we provide free access to free charity debt advisors who provide unbiased debt advice. This helps those in serious debt to avoid advisors who charge excessive fees or feel it is reasonable to extend the period individuals are in debt beyond what is reasonable and logical.

Our Mission

  • To stop those is debt waiting month or years before talking to a trusted professional advisor
  • To stop those is debt being sold expensive debt management plans and instead helping them get access to free alternatives
  • To get anyone struggling with debt to Talk About Debt and not suffer unnecessarily

What’s The ‘Right’ Debt Solution?

When we talk about finding the right debt solution by ‘right’ we mean the solution that:

  • Is going to pay your debts 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

What Types Of Debt Can Be Solved With Debt Solutions?

The main debt management solutions like debt management, IVA, loans and bankruptcy can only be used on unsecured debts like credit card debt and loan debt. Debts secured on assets like your home can not be included. So if you’re looking for credit card debt solutions and solutions to other types of unsecured debt, we can help make your debts affordable, and in some cases, write off significant parts. You will always need to talk about your debt with a professional before you’ll know which is best and which you will qualify for.

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

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Our team of specially trained consultants can advise you on the best debt solution based on your current situation. For confidential advice Just fill in the form below and one of our team will call you back

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