Clear Debts Luton

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May not be suitable for all.

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Clear Debts Luton – Debt Help Assistance

Clear Debts Luton
Welcome to Clear Debts Luton, where we offer tailored debt solutions for individuals in the UK. Seeking help with debt can feel overwhelming, but our range of services, including DMPs, IVAs, DROs, and Bankruptcy, are designed to provide affordable and sustainable relief. Explore your options with us 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

Clear Debts Luton
Bankruptcy can be a viable debt solution for individuals in the UK facing overwhelming financial challenges. It is suitable for those unable to repay debts and seeking a fresh start. The process involves declaring bankruptcy, which can have consequences on credit scores and assets. While it provides relief from unmanageable debts, there are drawbacks to consider. Seeking professional advice is crucial to navigate the process effectively without judgment.

Check if you qualify

Clear Debts Luton
Individual Voluntary Arrangements (IVAs) are a formal debt solution for individuals in the UK struggling with repayments. It offers a structured plan to repay debts and can lead to writing off a portion of what you owe. While it impacts credit ratings, seeking professional advice is crucial to determine if an IVA is right for you.

Check if you qualify

Clear Debts Luton
Debt Relief Orders (DROs) are a debt solution tailored to individuals in the UK with low income and limited assets. The application process freezes debts, providing relief for those in financial distress. While it offers advantages, there are considerations to make. Seeking professional advice is essential to understand if a DRO is the right choice.

Check if you qualify

Clear Debts Luton
Debt Management Plans (DMPs) offer a structured approach to managing debts in the UK. Suitable for those struggling to meet repayments, a DMP involves arranging affordable monthly payments with creditors. While it can ease financial burdens, there are implications for credit scores. Seeking professional debt advice is key to exploring this option effectively.

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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.

Clear Debts Luton – Providing tailored debt solutions in the UK. Explore bankruptcy, DMPs, DROs, and IVAs to achieve financial relief. Contact us for professional debt advice.