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Clear Debts 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

Clear Debts Leeds – Debt Help Solutions

Clear Debts Leeds
Welcome to Clear Debts Leeds, where we understand that seeking debt help can feel overwhelming. Our tailored solutions, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, focus on affordability and long-term financial stability. Explore your options with professional advice without pressure or judgment.

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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Clear Debts Leeds
Bankruptcy is a legal process that can help individuals struggling with unmanageable debts in the UK. It is suitable for those who have explored other options without success and have debts they cannot repay. The process involves declaring bankruptcy, which involves a court order and a trustee managing your assets to repay creditors. While it offers a fresh start, there are drawbacks like affecting credit scores, losing assets, and restrictions on future borrowing. However, it can provide relief from overwhelming debt. Seeking professional advice is crucial to understand if bankruptcy is the right choice for your situation.

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Clear Debts Leeds
Individual Voluntary Arrangements (IVAs) provide a formal agreement to repay debts in the UK. Suitable for those with enough income to make regular payments, an IVA can write off a portion of the debt after successful completion. While it offers relief from creditor pressure, there are implications for credit ratings and borrowing. Seeking professional advice is essential to determine if an IVA is the right solution for your financial circumstances.

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Clear Debts Leeds
Debt Relief Orders (DROs) are a debt solution tailored to individuals in the UK struggling with low income and minimal assets. A DRO freezes debts for 12 months, providing relief from creditor pressure. While it offers a fresh start, there are limitations on the amount of debt and assets allowed. Eligibility criteria must be met, and a DRO can affect credit ratings. Seeking professional advice is crucial to determine if a DRO is the best option for your financial situation.

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Clear Debts Leeds
Debt Management Plans (DMPs) offer a structured way to repay debts for individuals in the UK. Suitable for those with non-priority debts and a stable income, a DMP consolidates multiple debts into one affordable monthly payment. While it can provide relief from creditor pressure, drawbacks include extended payment periods and potential impact on credit scores. Creditors are involved in the process, and interest and charges may be frozen or reduced. Seeking professional advice is essential to explore if a DMP is the right solution for managing your debts.

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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.

Clear Debts Leeds offers tailored debt solutions in Leeds, UK. Explore Debt Management Plans, IVAs, DROs, and Bankruptcy options for managing debts effectively.