Check if you qualify

Debt Management Bristol

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

Check if you qualify
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 Solutions for Bristol Residents

Debt Management Bristol
Welcome to Debt Management Bristol, where we offer a range of tailored debt solutions to help you achieve financial stability. We understand that seeking debt help can be overwhelming, but rest assured, our expert team is here to guide you through the process. From Debt Management Plans to Individual Voluntary Arrangements, we have solutions to fit your unique circumstances. Take the first step towards a debt-free future by exploring your options with us today.

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

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.

Check if you qualify

Check if you qualify

Page 1 of 5

What debt are you most concerned about?

Credit Cards

Over Drafts

Unsecured Loans

Store Cards

Personal Loans

Utility Bills

Business Debt

Catalogues

Check if you qualify
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.

Check if you qualify

Debt Management Bristol
Bankruptcy is a legal debt solution in the UK designed for individuals facing overwhelming financial challenges. It is suitable for those with unmanageable debts and no feasible way to repay them. The process involves declaring bankruptcy, which involves a formal application and assessment by the court. Once declared bankrupt, your assets may be used to repay creditors, and some debts may be written off. However, bankruptcy can have long-lasting effects on your credit score, making it challenging to borrow in the future. If you are considering bankruptcy, it is essential to seek professional advice to understand all implications and explore alternative debt solutions.

Check if you qualify

Debt Management Bristol
An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors to repay debts over a fixed period. IVAs are suitable for individuals in the UK with significant debts who can commit to regular payments. While IVAs offer a structured repayment plan and potential debt write-off, they may affect your credit rating. Seeking professional advice on debt solutions like IVAs is crucial to make an informed decision about your financial future.

Check if you qualify

Debt Management Bristol
A Debt Relief Order (DRO) is a debt solution designed for individuals in the UK with low income and few assets. It offers a fresh start by freezing debts for 12 months, after which they may be written off. DROs are suitable for those with debts under a specific threshold and meet eligibility criteria. While DROs provide relief, they have implications on credit ratings. Seeking professional advice on debt solutions like DROs is essential to determine the best way forward.

Check if you qualify

Debt Management Bristol
A Debt Management Plan (DMP) is a debt solution tailored to individuals in the UK struggling with repayments. It involves consolidating multiple debts into one affordable monthly payment, negotiated with creditors. DMPs are suitable for those with non-priority debts and a regular income to make repayments. While DMPs can provide relief by freezing interest and charges, they may also impact credit scores. Seeking professional advice on debt solutions like DMPs is crucial to find the best path towards financial stability.

Check if you qualify

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

Check if you qualify

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

Debt Management Bristol: Providing tailored debt solutions for residents in Bristol. Explore options like DMPs, IVAs, and DROs for effective debt management. Contact us today.