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Debt Advice Exeter

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

Debt Advice Exeter – Expert Debt Help Available Now

Debt Advice Exeter
Welcome to Debt Advice Exeter, where we offer tailored debt solutions to fit your unique circumstances. With services like Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, we prioritize your financial stability and long-term well-being. Explore your options with us today and take the first step towards a debt-free future.

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 Advice Exeter
Bankruptcy is a legal debt solution in the UK for individuals overwhelmed by unmanageable debts. It provides a fresh start by clearing most debts, but it has implications on credit ratings, assets, and future borrowing. It’s suitable for those with no realistic way to repay debts and can be a way to regain financial stability. However, the process involves court proceedings and can affect your credit for up to 6 years. Seeking professional advice is crucial to understand if bankruptcy is the right option for your situation.

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Debt Advice Exeter
An Individual Voluntary Arrangement (IVA) is a formal debt solution in the UK for individuals struggling with significant debt. It offers a structured repayment plan, typically lasting 5-6 years, with any remaining debts written off. While it can protect assets and prevent bankruptcy, it may impact credit scores and borrowing. IVAs are suitable for those with stable income and a genuine desire to repay debts. Seeking professional advice is crucial to assess if an IVA is right for you.

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Debt Advice Exeter
A Debt Relief Order (DRO) is a debt solution in the UK for those with low income, few assets, and debts under £30,000. It freezes debts for 12 months, providing relief and a fresh start. While it’s a cost-effective solution, it has restrictions on asset ownership and borrowing during the moratorium period. It’s suitable for individuals in specific financial circumstances. Seeking professional advice is essential to determine if a DRO is the right path to financial recovery.

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Debt Advice Exeter
A Debt Management Plan (DMP) is a tailored debt solution in the UK for individuals struggling to meet repayments. It consolidates multiple debts into one affordable monthly payment, managed by a provider. While it can reduce the stress of dealing with creditors directly, it may take longer to repay debts and affect credit ratings. It’s suitable for those with regular income and a desire to avoid bankruptcy. Seeking professional advice is key to exploring the benefits and drawbacks of a DMP.

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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.

Expert debt advice and solutions in Exeter. Explore Debt Management Plans, IVAs, Bankruptcy, and DROs tailored to your needs. Start your journey to financial recovery today.