Free Debt Help Portsmouth

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

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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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Free Debt Help Portsmouth – Debt Relief Support

Free Debt Help Portsmouth
Welcome to Free Debt Help Portsmouth. We understand the challenges of managing debt and offer tailored solutions to help you achieve financial stability. Our services include Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy. Explore your options with us 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.

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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Free Debt Help Portsmouth
Bankruptcy is a legal debt solution in the UK for individuals struggling with overwhelming debts. It is suitable for those unable to repay their debts in a reasonable timeframe. The process involves declaring bankruptcy, which can have consequences on credit scores, assets, and future borrowing. While it provides relief from debt, there are drawbacks to consider. Seek professional advice to understand if bankruptcy is the right option for you.

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Free Debt Help Portsmouth
Individual Voluntary Arrangements (IVAs) are a structured debt solution in the UK for individuals struggling with unmanageable debts. It offers a formal agreement to repay creditors over a fixed period, with the potential for debt write-off. While it can impact credit ratings, IVAs provide a path to financial recovery. Seek professional advice to determine if an IVA is right for you.

Check if you qualify

Free Debt Help Portsmouth
Debt Relief Orders (DROs) are a viable debt solution in the UK for individuals with low income and minimal assets. It freezes debts for 12 months, providing relief from financial burdens. However, there are eligibility criteria and implications to consider. Seek professional advice to determine if a DRO is the right path for you.

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Free Debt Help Portsmouth
A Debt Management Plan (DMP) is a practical debt solution in the UK for individuals facing financial challenges. It involves arranging affordable monthly payments with creditors to repay debts over time. While it offers benefits like reduced stress and single payments, it may affect credit scores. Seek professional debt advice to explore if a DMP is suitable 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.

Free Debt Help Portsmouth in Portsmouth offers tailored debt solutions including Bankruptcy, DMPs, DROs, and IVAs. Receive expert advice to achieve financial stability.