Debt Solutions

We pride ourselves on offering all types of debt solutions. Our helpful, experienced advisors will offer you advice on the best debt solution for your circumstances.

Debt Solutions Available to you

Individual Voluntary Arrangements

Criteria

• Debts Over £15,000 and have more than 2 creditors.
• Resident of England, Wales or Northern Ireland.
• Unable to pay repay your debts by the terms of current contractual agreements.
• Able to afford at lease £150 a month and have enough money for living expenses.
• Stable employment.

Benefits

• Monthly payments are affordable.
• You keep your house and car.
• You won't have to go bankrupt.
• Interest payments are frozen by law.
• Overall debt is substantially reduced.
• Your debts will be cleared in five years.
• Your IVA provider will deal with your creditors directly, so you won't have to.

Debt Management

Criteria

Anyone is eligible for a Debt Management Plan. It is an informal arrangement between you and your creditors whereby you make just one affordable payment each month, which is distributed amongst your creditors.

Benefits

• Combine all your debts into one affordable monthly payment.
• Freeze interest and stop charges when possible.
• Stop demands from creditors.
• Your home is not put at risk.
• If your financial circumstances change, you can adjust your payment.
• Ongoing support, help and guidance.

Debt Relief Orders

Criteria

• Have unsecured debts of less than £15,000.
• Have assets of less than £300, excluding a car up to a value of less than £1,000.
• Have surplus income of less than £50 per month.
• Resident of England or Wales.
• Not have an existing Bankruptcy Order, Bankruptcy Restrictions Order or Individual Voluntary Arrangement in the last six years.

Benefits

Provided that a debtor meets the stringent requirements of a Debt Relief Order, they will be relieved of all personal debts in 12 months. A Debt Relief Order is a simplified alternative to going bankrupt. Debt Relief Orders are not suitable for everyone. Speak to a debt advisor or complete the form for more information on other solutions to debt.

We also provide Protected Trust Deeds, Debt Consolidation and Bankruptcy help and advice.