Debt Help Portsmouth

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Advice is free but fees and disadvantages may apply if you enter a debt help solution.
May not be suitable for all.

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Debt Help Portsmouth

Debt Help Portsmouth
Welcome to Debt Help Portsmouth, where we understand the challenges of managing debt. Our tailored solutions, including DMPs, IVAs, DROs, and Bankruptcy, focus on your financial stability. Explore your options with us for a brighter financial 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.

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

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.

Check if you qualify

Debt Help Portsmouth
Bankruptcy can be a difficult but viable debt solution for individuals in the UK. It provides a fresh start by clearing unmanageable debts, but it comes with implications on credit scores, assets, and future borrowing. Seek professional advice to understand if bankruptcy is right for you.

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Debt Help Portsmouth
An Individual Voluntary Arrangement (IVA) in the UK is a legally binding agreement to repay creditors based on what you can afford. While it offers debt write-off after successful completion, it affects credit ratings. Seek professional advice to determine if an IVA suits your needs.

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Debt Help Portsmouth
Consider a Debt Relief Order (DRO) in the UK if you have low income, little assets, and debts under £30,000. It provides a way to freeze debts and have them written off after 12 months, but it affects credit ratings. Seek advice to see if a DRO is right for you.

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Debt Help Portsmouth
A Debt Management Plan (DMP) in the UK offers a structured way to repay debts based on what you can afford. While it helps manage repayments, it can impact credit scores. Explore this option with professional advice to find the best solution for your situation.

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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.

Debt Help Portsmouth in Location offers tailored debt solutions including DMPs, IVAs, DROs, and Bankruptcy. Explore our options for a brighter financial future.