Debt Advice Bristol
Speak to an expert to discover all the debt solutions available to you.
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
Affordable Debt Help in Bristol
Debt Advice Bristol
Welcome to Debt Advice Bristol, where we understand that seeking help with debt can feel overwhelming. Our range of tailored services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, are designed to provide affordable solutions for your unique circumstances. Take the first step towards financial stability by exploring your options with our supportive team. We’re here to guide you without 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.
Check if you qualify
Advantages of a DMP
Disadvantages of a DMP
Debt Advice Bristol
If you’re facing overwhelming debt in the UK, bankruptcy may be an option to consider. Bankruptcy is a legal process that can help individuals deal with unmanageable debts. It’s suitable for those who have no realistic way of repaying what they owe. The process involves declaring bankruptcy, which can have significant implications on your assets, credit score, and future borrowing. While it provides relief from debt, there are downsides to consider, such as the impact on your credit rating and limitations on assets you can retain.
It’s essential to seek professional advice to understand how bankruptcy could affect you personally. Our team is here to offer support and guidance tailored to your circumstances. Remember, seeking help is a positive step towards regaining control of your finances without judgment.
Debt Advice Bristol
Considering an Individual Voluntary Arrangement (IVA) to manage your debts in the UK? An IVA offers a structured repayment plan, suitable for individuals struggling with unsecured debts. While it can provide a path to debt freedom, there are factors to consider, such as the impact on credit ratings and asset ownership. Seek professional advice to determine if an IVA aligns with your financial goals and circumstances.
Our team is here to offer expert guidance on IVAs and other debt solutions in line with UK regulations. Take control of your finances with support from professionals who have your best interests at heart.
Debt Advice Bristol
Struggling with debt in the UK? A Debt Relief Order (DRO) could offer the fresh start you need. A DRO is designed for individuals with low income and minimal assets, freezing debts for a year to provide relief. While it can be a lifeline for those in difficult financial situations, there are limitations to consider, such as the impact on credit ratings and restrictions on borrowing.
If you’re unsure whether a DRO is right for you, seek advice from our team familiar with UK laws and policies. We’re here to provide the support you need to make informed decisions about your financial future.
Debt Advice Bristol
Looking for a way to manage your debts in the UK? A Debt Management Plan (DMP) could be the solution for you. A DMP helps individuals repay unsecured debts at a more affordable rate, making it suitable for those struggling with multiple repayments. With a DMP, payments are consolidated into one monthly sum, negotiated with creditors to ease the burden. While it can positively impact your financial situation, there are considerations like the effect on your credit score and borrowing abilities.
If you’re considering a DMP, our team can provide expert advice aligned with UK regulations. Explore your options and take steps towards a debt-free future with support and guidance from professionals who understand your situation.
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
Example case completed in 2023. Repayment calculated using income and expenditure data. Monthly payments and write off percentages are based on individual circumstances.
Debt Advice Bristol, your go-to source for debt solutions in Bristol. Explore options like DMPs, IVAs, and Bankruptcy tailored to your needs. Get expert advice today.