Debt Help Northampton

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

Affordable Debt Help in Northampton

Debt Help Northampton
Welcome to Debt Help Northampton, where we understand the challenges of managing debt. We offer tailored solutions like Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy to help you achieve financial stability. Take the first step towards a debt-free future with our expert advice and support.

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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Debt Help Northampton
Bankruptcy can be a viable debt solution for individuals in the UK facing overwhelming financial difficulties. It is a legal process that allows you to be relieved of your debts, but it comes with certain implications. Bankruptcy is suitable for those who have no realistic way of paying off their debts and have explored other options. The process involves declaring bankruptcy through the court, which will appoint a trustee to manage your assets and debts. While bankruptcy can provide a fresh start, it can also have lasting effects on your credit score, assets, and ability to borrow in the future. If you’re considering bankruptcy, it’s essential to seek professional advice tailored to your circumstances without fear of judgment.

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Debt Help Northampton
An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors to repay your debts over a fixed period, usually five years. It’s a suitable debt solution for individuals in the UK struggling with unsecured debts they can’t repay in full. While an IVA can provide relief from debt pressure, it may affect your credit rating and borrowing abilities. If you’re considering an IVA, seek professional debt advice to determine if it’s the right path for you.

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Debt Help Northampton
Debt Relief Orders (DROs) offer a fresh start to individuals in the UK burdened by debt and unable to repay their creditors. A DRO is a formal insolvency process suitable for those with low income, minimal assets, and debts under a certain threshold. It freezes your debts for 12 months, providing relief from creditor pressure. While a DRO can offer financial freedom, it may also have consequences on your credit rating. If you’re considering a DRO, it’s essential to seek professional advice to determine if it’s the right solution for your circumstances.

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Debt Help Northampton
A Debt Management Plan (DMP) is a practical debt solution for individuals in the UK struggling with unmanageable debt. It involves consolidating your debts into one affordable monthly payment, negotiated with your creditors. A DMP is suitable for those who can afford to make regular payments but need help managing their debts. While a DMP can provide relief from high-interest rates and fees, it may also impact your credit score and borrowing capabilities. If you’re considering a DMP, it’s crucial to seek professional debt advice to explore your options and find the best solution for your financial 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 Northampton provides tailored debt solutions in Northampton, UK. Explore options like Debt Management Plans, IVAs, DROs, and Bankruptcy for financial stability.