Write Off Debts Portsmouth

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Get Help with Your Debts in Portsmouth

Write Off Debts Portsmouth
Welcome to our debt solutions website. We understand seeking help with debt can be overwhelming. Our tailored solutions, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, focus on affordability and long-term financial stability. 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

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

Write Off Debts Portsmouth
Bankruptcy is a legal process for individuals in the UK who are unable to repay their debts. It is suitable for those with overwhelming debts and no realistic way to repay them. The process involves declaring bankruptcy, which can provide relief by writing off debts. However, it also has consequences such as affecting credit scores, assets, and future borrowing. Seek professional advice to understand if bankruptcy is the right solution for your financial situation.

Check if you qualify

Write Off Debts Portsmouth
Individual Voluntary Arrangements (IVAs) are a debt solution for individuals in the UK facing financial difficulties. IVAs involve a legally binding agreement to repay creditors over a fixed period. While IVAs can lead to debt write-off, they also impact credit ratings and borrowing. Seek professional advice to determine if an IVA is the right choice for your debt management.

Check if you qualify

Write Off Debts Portsmouth
Debt Relief Orders (DROs) are designed for individuals in the UK with low income, minimal assets, and debts they cannot repay. A DRO can provide relief by freezing debts for 12 months. While it offers a fresh start, there are limitations to assets and borrowing. Seek professional advice to see if a DRO is the right solution for your debt situation.

Check if you qualify

Write Off Debts Portsmouth
Debt Management Plans (DMPs) are a solution for individuals in the UK struggling with debt. They involve arranging affordable monthly payments to creditors through a licensed debt management company. While DMPs can help manage debts effectively, they may impact credit scores. Seek professional debt advice to explore if a DMP is suitable for your financial circumstances.

Check if you qualify

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

Check if you qualify

Example case completed in 2023. Repayment calculated using income and expenditure data. Monthly payments and write off percentages are based on individual circumstances.

Seek debt solutions in Portsmouth with Write Off Debts Portsmouth. Explore tailored options like Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy for financial relief.