Debt Advice Warrington

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 Warrington

Debt Advice Warrington
Welcome to Debt Advice Warrington, where we understand the challenges of dealing with debt. Our range of tailored solutions, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, can help you achieve financial stability. 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.

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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 Advice Warrington
Bankruptcy can be a daunting but necessary debt solution for individuals in the UK facing overwhelming financial challenges. It is a legal process that can help clear unmanageable debts, offering a fresh start to those struggling to repay what they owe. Bankruptcy is suitable for individuals who have explored other options without success and have debts they cannot afford to pay. However, it’s essential to understand the implications before proceeding. The process involves declaring bankruptcy, which involves fees and paperwork, leading to the appointment of a trustee to manage your assets and debts. While bankruptcy can provide relief from debts, it also comes with consequences such as affecting your credit score, potentially losing assets, and limiting future borrowing opportunities. If you’re considering bankruptcy, it’s crucial to seek professional advice to understand your options fully and make an informed decision without judgment.

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Debt Advice Warrington
An Individual Voluntary Arrangement (IVA) is a popular debt solution in the UK for individuals struggling with unmanageable debts. It allows you to make affordable monthly payments towards your debts, with the potential to have the remaining amount written off after completion. IVAs are suitable for those looking to avoid bankruptcy and regain control of their finances. While an IVA offers a structured repayment plan and potential debt write-off, it can impact credit ratings and borrowing. Seeking professional advice is crucial to determine if an IVA aligns with your financial goals.

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Debt Advice Warrington
A Debt Relief Order (DRO) is a viable debt solution for individuals in the UK with low income, minimal assets, and debts they cannot repay. It provides a fresh start by freezing debts for 12 months, after which they may be written off if the criteria are met. DROs are suitable for those who meet specific eligibility requirements and have debts below a certain threshold. While a DRO offers relief by lifting the burden of unmanageable debts, it also comes with limitations such as affecting credit ratings. Seeking professional advice is essential to assess if a DRO is the best option for your financial situation.

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Debt Advice Warrington
A Debt Management Plan (DMP) is a flexible and practical debt solution for individuals in the UK looking to regain control of their finances. It involves consolidating multiple debts into a single monthly payment, negotiated based on what you can afford. DMPs are suitable for those struggling to meet their debt repayments and want to avoid more severe measures like bankruptcy. While DMPs can offer relief by reducing monthly payments and freezing interest, they may also extend the repayment period and affect credit ratings. It’s crucial to explore professional debt advice to determine if a DMP is the right solution for your circumstances.

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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 Advice Warrington offers tailored debt solutions in Warrington to help individuals regain financial stability. Explore options like DMPs, IVAs, and Bankruptcy for a debt-free future.