We offer a wide range of debt solutions, if your debt is getting you down and you don't know where to turn, get in touch with one of our friendly advisors who will be happy to talk you through a range of solutions, or if you prefer you can apply online and get instant feedback on the solutions that are available to you.

• Debt Management Plan

  
  

  A Debt Management Plan is a solution to turn all your loans, credit card debts, store card debts and overdrafts into one affordable monthly repayment so that you deal with your debt and focus on the things in your life that really matter.

  
  

  To find out more about a Debt Management Plan please click here.

  
  

  A Debt Management Plan is an arrangement between you and your creditors to make affordable payments on a regular basis. The payments are based on your own personal circumstances and affordability. DMP's are a good solution for people who have debts that have got out of control.

  
  

  This agreement unlike an IVA is informal. As it is an informal arrangement you are not tied into any contract and you can opt out of the agreement at any time or amend it, like for example when you are in a better financial situation or if your income changes then the amount that you pay into the Debt Management Plan will change and we will inform the creditors of this.

  
  

  Our Pledge To You

  
  

  We will deal with all creditor letters on your behalf on the day we receive it.

  
  

  If a client calls and leaves a message, we will return the call on the same day

  
  

  Our aim is to work very hard to freeze interest payments and charges

  
  

  We will never breach your confidentiality

  
  

  Regular statements via letter, telephone, e-mail or SMS – you tell us

  
  

  One single affordable monthly payment

  
  



• IVA

  
  

  An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors where you will come to an arrangement with people you owe money to, to make reduced payments towards the total amount of your debt in order to pay off a percentage of what you owe then generally after 5 years your debt is classed as settled.

  
  

  To find out more about IVA please click here.

  
  

  If a Debt Management Plan or Bankruptcy is not suitable, there is another solution- an Individual Voluntary Arrangement or IVA. This is another debt management option introduced by the Government as part of the Insolvency Act 1986.

  
  

  An IVA is a formal agreement between you and your creditors whereby you repay what you can afford, usually over 60 months. After which, the outstanding debt is written off.

  
  

  For example if you can only afford to pay £250 per month towards your total unsecured debt of £30,000 you would pay the £250 for 60 months. This means by the end of the 60 month IVA period you would have paid £15,000 towards your debt. The remaining £15,000 would be legally written off.

  
  

  An IVA enables you to pay off a percentage of your debt and any amount you cannot afford at the end of the 60 month period would be legally written off. We have helped debtors with an IVA who have been looking to pay off credit card debt, loans, overdrafts and other forms of unsecured debt.

  
  

  Paying off your debt especially paying off credit card debt can be very difficult if you do not get the right advice from the start. In order to put together the proposals for an IVA you will require the services of a licensed Insolvency Practitioner who will advise on the best course of action and assist with the entire process.

  
  



• Bankruptcy

  
  

  Bankruptcy although an extreme measure is a way in which to deal with debts you are no longer able to payBankruptcy proceedings free you from overwhelming debts and makes sure your assets are shared out fairly amongst creditors. Bankruptcy is considered the final option when dealing with debt but can sometimes be the only option.

  
  

  To find out more about bankruptcy please click here.

  
  Bankruptcy is a way of dealing with debts when you can not possibly afford to pay them back. Bankruptcy can free from your debts within 12 months and ensures any assets you have are shared evenly amongst your creditors.

  
  

  Once you have received your discharge then you are totally debt free subject to some limitations.

  
  

  Bankruptcy should only be considered when you cannot pay your debts. If you have no or little left after you have paid all your monthly bills then bankruptcy may be your only option. Going bankrupt for the first time will generally mean that you will be discharged from your bankruptcy after 12 months, or even less than a year in some cases.

  
  

  Bankruptcy means that your financial affairs are administered by an Official Receiver or a Trustee. The Official Receiver or Trustee will control all your assets including your home. They also administer all that you owe. Essentially, their duty is to sell all your permitted assets (this can include your home contents, primarily those of high value) and use the money to pay as much as possible to your various Creditors, that is the people that you owe money to.