Free Debt Advice Luton

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

Seeking Help with Debt in Luton

Welcome to Free Debt Advice Luton! We understand that dealing with debt can be daunting. Our tailored solutions, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, focus on your financial stability and well-being. Explore your options with us without any pressure or 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.

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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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For UK individuals struggling with debt, bankruptcy can be a viable solution. It involves declaring yourself unable to repay your debts, providing relief from financial burdens. This process is suitable for those with unmanageable debts and minimal assets. While it offers a fresh start, it comes with consequences such as affecting credit scores, assets, and future borrowing. Seek professional advice to explore this option without judgment.

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Individual Voluntary Arrangements (IVAs) offer a structured way to tackle debt in the UK. Tailored to your circumstances, an IVA can lead to debt write-off after successful completion. While it affects credit ratings, it provides a clear path to financial recovery. Seek professional advice to determine if an IVA is right for you.

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Debt Relief Orders (DROs) in the UK provide a fresh start for individuals overwhelmed by debt. This solution freezes your debts for a year, offering relief and financial breathing space. While it comes with restrictions, it can be a valuable option for those eligible. Seek professional advice to see if a DRO is the right path for you.

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Considering a Debt Management Plan (DMP) in the UK? It’s a structured repayment plan that helps you manage your debts effectively. Tailored to individuals facing financial challenges, a DMP simplifies payments, involves creditors, and eases interest charges. While it can impact credit scores, it offers a path to financial stability. Seek professional debt advice to discuss this solution further.

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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

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.

Discover the best debt solutions in Luton with Free Debt Advice Luton. Explore bankruptcy, DMPs, DROs, IVAs, and find the right path to financial stability.