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Call 0800 014 8834 to speak to a Debt specialist.
0161 884 0862 from Mobiles. Open 9 am - 8pm M-F
Debt Management
Consolidate your Debt into one low monthly payment
If you need assistance in dealing with the companies you owe money to, you may want to consider a debt management plan. Credit card companies and loan providers can be difficult creditors to deal with, and therefore sometimes it may be easier to get a debt management specialist involved who can negotiate with your creditors and put together a repayment plan for your debt. You will only have to make one monthly payment, and will usually be able to reduce your interest and other charges. In addition, phone calls and payment demands from your creditors will stop. You can request a confidential call from a debt specialist by filling out our short form.
IVA
You could write off up 70% of your Debt with an IVA
If you owe over £15,000, and live in England or Wales, you may qualify for an Individual Voluntary Arrangement, or IVA. An IVA allows you to write off up to 70% of your debt, and is legally binding, so your creditors cannot continue to hassle you as long as you keep up your arranged monthly payments. If you are considering Bankruptcy, an IVA is often a better option, as under an IVA your assets will not be seized to pay off your creditors. An IVA is only available to residents of England and Wales, and the Scottish equivalent is known as a Trust Deed, which differs only from an IVA in the length of the agreement (3, rather than 5 years as standard) and the minimum debt amount accepted (£10,000 as opposed to £15,000). Wherever in the UK you live, you can request a confidential call from a debt specialist by filling out our short form.
Trust Deed
You could write off up 70% of your Debt with a Trust Deed
If you owe over £10,000, and live in Scotland, you may qualify for a Trust Deed. A Trust Deed allows you o write off up to 70% of your debt, and is legally binding, so your creditors cannot continue to hassle you as long as you keep up your arranged monthly payments. If you are considering Bankruptcy, a Trust Deed is often a better option, as under a Trust Deed your assets will not be seized to pay off your creditors. A Trust Deed is only available to residents of Scotland, and the equivalent for residents of England and Wales is known as an IVA, which differs only from a Trust Deed in the length of the agreement (5, rather than 3 years as standard) and the minimum debt amount accepted (£15,000 as opposed to £10,000). Wherever in the UK you live, you can request a confidential call from a debt specialist by filling out our short form.
Insolvency
Get advice about your Debt options from our experts
At the point where your assets are worth less than the amount you owe, it is time to take decisive action and seek advice about your debt. There are many debt management options available, with bankruptcy perhaps being the best known, to help you to deal with your creditors. However, bankruptcy either in a business or a personal context has serious financial implications for the future, such as a bad credit rating and the possibility that you may lose valuable assets such as your house. If you are considering Bankruptcy, an IVA, Trust Deed, or Debt Management plan may be a better option. You can request a confidential call from a debt specialist to discuss your options by filling out our short form.
Reduce your Debts by up to 75%
Find out how the Government Insolvency Act can help reduce your debts
