There are a number of plans available to help you manage your debt; you'll be suprised at how much we could help you.
Debt Management
A Debt Management Plan might be the right solution, enabling you to repay your debts at a lower rate. This can provide some short term relief and help you to sort out your finances.
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IVA
If you owe more than £10,000 and have regular income, an IVA will enable you to consolidate your debts. Then you can arrange to make affordable monthly payments.
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Bankruptcy
Bankruptcy is used as a last resort to resolving debt problems and needs to be considered seriously before deciding it’s the right solution for you.
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Full and Final Settlements
If you find you have access to a lump sum of money - from the sale of something of value, for example, or a donation from your family or friends - you might want to consider making a Full and Final Settlement offer to your creditors.
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A Debt Relief Order
If you owe less than £15,000 and have a low income, a debt relief order offers a debt solution which is cheaper and simpler than bankruptcy. It is administered through the Insolvency Service and after one year your debts are written off.
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