Free Debt Help Exeter
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 Exeter
Welcome to Free Debt Help Exeter! We understand that seeking debt assistance can be overwhelming. Our range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, are tailored to your unique circumstances. Explore your options and seek professional advice 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
Are you considering bankruptcy as a debt solution in the UK? Bankruptcy can be a legal process to help clear unmanageable debts. It is suitable for those with significant debts and limited assets. The process involves declaring bankruptcy, which may last up to a year. During this time, all debts may be written off, but assets could be used to repay creditors. Bankruptcy can impact credit scores, making borrowing difficult in the future. If you’re in financial distress, seek professional advice without judgment.
Exploring Individual Voluntary Arrangements (IVAs) in the UK? An IVA is a legal solution for those struggling with unmanageable debts. It’s suitable for individuals seeking to consolidate debts and make affordable monthly payments. After successful completion, debts may be written off, but credit ratings could be affected. If you’re considering an IVA, seek professional debt advice to determine the best course of action.
Considering a Debt Relief Order (DRO) in the UK? A DRO is designed for those with low income, minimal assets, and debts they cannot repay. The application process involves verifying eligibility criteria, after which debts are frozen for 12 months. A DRO can provide relief from debt stress but may affect credit ratings. If you’re unsure if a DRO is right for you, seek professional advice to understand your options better.
Seeking a Debt Management Plan (DMP) in the UK? A DMP can help consolidate debts into one affordable monthly payment. It’s suitable for individuals struggling with multiple debts. Payments in a DMP are arranged based on what you can afford, and creditors are involved to agree on reduced repayments. While interest and charges may be frozen, a DMP can affect credit scores and borrowing. For tailored debt solutions, explore your options with professional debt advice.
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.
Free Debt Help Exeter in the UK offers tailored debt solutions, including Debt Management Plans, IVAs, and Bankruptcy advice. Get professional support in managing your debts effectively.