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Debt Help Leeds

Speak to an expert to discover all the debt solutions available to you.

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Safe, secure & confidential

Advice is free but fees and disadvantages may apply if you enter a debt help solution.
May not be suitable for all.

Help also available at MoneyHelper

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Make one affordable monthly payment to us and we’ll manage the payments to your creditors for you.
We deal with your lenders on your behalf, taking care of all the hassle and paperwork.
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How do I get started?

Answer a few quick questions

Use our easy online questionnaire to start the debt help process.

Speak to a debt specialist

Our friendly, experienced team will explain all the available options.

Choose your plan

Select the best solution for your circumstances and lifestyle.

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What debt are you most concerned about?

Credit Cards

Over Drafts

Unsecured Loans

Store Cards

Personal Loans

Utility Bills

Business Debt

Catalogues

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Advantages of a DMP

We will manage the contact with your creditors and provide them everything they need. So, as long as you keep in touch with us, your creditors shouldn’t need to contact you.

You will just make one monthly payment to us, instead of paying all of your creditors individually.

In the vast majority (99.48%) of cases, creditors will stop applying interest and charges, so the money you pay will come straight off the balance.

You will have an online account which you can use to view your account and make changes.

If your circumstances change, we will renegotiate the payments with your creditors.

Disadvantages of a DMP

Your creditors don’t have to agree to the repayment, or to freeze interest and charges.

A debt management plan doesn’t protect you from further recovery or legal action from your creditors.

Your credit rating will be impacted because you’ll be paying reduced amounts to each creditor. If you’ve been missing payments to your debts it is likely that your credit report will already have been impacted.

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Debt Help Leeds: Bankruptcy can be a solution for those struggling with overwhelming debt in the UK. It is a legal process that can provide relief, but it’s essential to understand its implications. Bankruptcy is suitable for individuals who have no other way to repay their debts and have explored other options. The process involves declaring bankruptcy, which involves a fee and a comprehensive review of your financial situation. Assets may be used to repay creditors, and a bankruptcy will stay on your credit file for six years. While bankruptcy offers a fresh start, it can impact your credit score and future borrowing. If you’re considering bankruptcy, seek professional advice tailored to the UK laws and regulations without judgment.

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Debt Help Leeds: A Debt Management Plan (DMP) is a flexible solution for managing unsecured debts in the UK. It is suitable for individuals struggling to meet their monthly payments and looking for a structured repayment plan. A DMP involves negotiating reduced payments with creditors based on what you can afford. While it can help you regain control of your finances, it may take longer to clear your debts, and interest and charges may still apply. A DMP can impact your credit score, but it offers a way to manage debt effectively. Consider seeking professional advice to explore if a DMP is the right solution for you.

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Debt Help Leeds: Debt Relief Orders (DROs) are a potential debt solution for individuals in the UK with low income and minimal assets. A DRO is suitable for those with debts they cannot repay and little surplus income. The application process involves meeting specific criteria and a fee, resulting in a 12-month moratorium period where debts are frozen. While a DRO can provide relief from debt stress, it can affect your credit rating and future borrowing. If you’re eligible for a DRO, seek professional advice to understand the implications and make an informed decision.

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Affordable Debt Help Solutions in Leeds

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Debt Help Leeds: Welcome to Debt Help Leeds, where we understand the challenges of managing debt. Our range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, are tailored to your needs for long-term financial stability. Explore your options with us without judgment and find a solution that fits your circumstances.

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Debt Help Leeds: An Individual Voluntary Arrangement (IVA) is a formal agreement to repay creditors a percentage of what you owe over a fixed period. IVAs are suitable for individuals in the UK struggling with unmanageable debt and looking for a structured repayment plan. While an IVA offers a way to write off a portion of your debt, it can impact your credit rating and borrowing. If you’re considering an IVA, seek professional advice to determine if it’s the right solution for your financial situation.

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Debt Help Leeds in Leeds offers tailored debt solutions, including Bankruptcy, DMPs, DROs, and IVAs. Explore affordable debt help options with our expert advisors.

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How does it work?

Let’s say you owe…

Debt Type Amount
Bank Loan £5,366.00
Gas Bills £129.00
Pay Day Loan £1,989.00
Overdraft £1,234.68
Debt Collection Agency £380.16
Short Term Loan £243.88
Debt Collection Agency £471.61
Council Debt £1,009.24
Credit Card £8,433.00
Total amount owed £19,256.57

After an IVA

65%
debt written off

IVA Payments
£110
per month

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Example case completed in 2023. Repayment calculated using income and expenditure data. Monthly payments and write off percentages are based on individual circumstances.

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