Clear Debts Bristol

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Clear Debts Bristol – Debt Help Solutions in the UK

Clear Debts Bristol welcomes you to explore debt help options in the UK. We understand seeking assistance can be overwhelming. Our tailored services, including DMPs, IVAs, DROs, and Bankruptcy, focus on financial stability. Seek advice without judgment for affordable debt solutions.

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.

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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 Bristol offers comprehensive information on bankruptcy as a debt solution in the UK. Bankruptcy is a legal process that allows individuals to clear unmanageable debts. It’s suitable for those with significant debts they can’t repay. The process involves declaring bankruptcy, which affects credit scores and assets. While it provides relief from debt, there are drawbacks like restrictions on borrowing. Seek professional advice to explore bankruptcy without judgment.

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Clear Debts Bristol educates on Individual Voluntary Arrangements (IVAs) as a UK debt solution. IVAs help individuals repay debts based on affordability. Eligibility and benefits are key, but credit ratings may be impacted. Seek professional advice to evaluate if an IVA suits your financial circumstances.

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Clear Debts Bristol explains Debt Relief Orders (DROs) as a tailored UK debt solution. DROs are for those with low income and minimal assets. They freeze debts for 12 months, providing relief without bankruptcy. Eligibility criteria apply, and DROs have pros and cons. Seek professional advice to understand if a DRO is the right choice for managing debts in the UK.

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Clear Debts Bristol provides insights into Debt Management Plans (DMPs) as a UK debt solution. DMPs help individuals manage debts by setting up affordable payment plans. Suitable for those struggling with repayments, DMPs involve creditor negotiations. While they can improve financial control, they may affect credit scores. Seek advice to discuss DMPs as a debt relief option in the UK.

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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 Bristol offers tailored debt solutions in the UK, including DMPs, IVAs, DROs, and Bankruptcy. Seek expert advice for managing debts effectively.