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Debt Management Plan Warrington

Speak to an expert to discover all the debt solutions available to you.

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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

Expert Help with Managing Your Debt

Welcome to our site! We understand that dealing with debt can be daunting. Our tailored solutions, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, offer support and affordability for your financial stability. Explore your options with us today 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.
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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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For individuals in the UK facing overwhelming debt, bankruptcy can be a viable solution to start afresh. It is a legal process where you declare yourself unable to repay debts, and a court will appoint a trustee to manage your assets and liabilities. Bankruptcy is suitable for those with significant debts they cannot repay, but it comes with consequences. Your credit score will be negatively impacted, assets may be sold to repay creditors, and future borrowing can be challenging. However, bankruptcy offers a fresh start and relief from unmanageable debt. Seek professional advice tailored to UK laws to explore if bankruptcy is the right option for you.

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Individual Voluntary Arrangements (IVAs) provide a structured approach to managing debt for individuals in the UK. With an IVA, you make affordable monthly payments towards your debts, and any remaining balances are typically written off after successful completion. It’s a suitable solution for those with unmanageable debts, but it can impact credit ratings and borrowing. Seek professional advice to decide if an IVA is the right choice for you within UK regulations.

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Debt Relief Orders (DROs) provide a fresh start for individuals in the UK struggling with debt. A DRO freezes debt repayments for 12 months, after which qualifying debts may be written off. Suitable for those with low income and minimal assets, a DRO can ease the burden of unmanageable debt. However, it comes with limitations and impacts on credit ratings. Seek professional advice to determine if a DRO aligns with your financial situation under UK laws.

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Debt Management Plans (DMPs) offer a manageable way to repay debts for individuals in the UK. With a DMP, you make affordable monthly payments to a provider, who distributes them to your creditors. It’s suitable for those with multiple debts looking to consolidate repayments. While a DMP can improve financial stability, it may affect your credit score and borrowing. Seek professional advice to understand how a DMP can help you regain control of your finances in line with UK debt regulations.

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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.

Find tailored debt solutions in Warrington with Debt Management Plan Warrington. Explore bankruptcy, DMPs, DROs, and IVAs to regain financial stability. Get professional advice today.