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Debt Help Halifax

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

Affordable Debt Help Solutions

Debt Help Halifax
Welcome to Debt Help Halifax, where we offer tailored debt solutions to individuals in the UK. We understand that managing debt can feel overwhelming, and we’re here to provide support without judgment. Explore our range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy. Your financial stability is our priority, and we encourage you to seek professional advice to find the right solution for you.

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 Help Halifax
If you’re considering bankruptcy as a debt solution in the UK, it’s essential to understand the process. Bankruptcy is a legal process where you declare yourself unable to pay your debts. It may be suitable if you have unmanageable debts and no other viable options. The process involves declaring bankruptcy, which can have both pros and cons. While it provides relief from debt, it can also impact your credit score, assets, and future borrowing. It’s crucial to seek professional advice to assess if bankruptcy is the right step for your situation.

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Debt Help Halifax
Individual Voluntary Arrangements (IVAs) offer a structured debt solution for individuals in the UK. It involves an agreement with creditors to repay debts over a set period. While an IVA can provide relief, it’s crucial to understand the process and implications. Monthly payments are arranged based on affordability, and debts may be written off after successful completion. Seek professional advice to assess if an IVA is the right choice for your financial needs.

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Debt Help Halifax
For individuals in the UK facing financial hardship, a Debt Relief Order (DRO) can be a suitable debt solution. It provides a fresh start by freezing debts and offering relief for qualifying individuals. The application process is straightforward, but there are advantages and disadvantages to consider. Eligibility criteria and the 12-month moratorium period are critical aspects of a DRO. Seek professional advice to understand if a DRO aligns with your financial circumstances.

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Debt Help Halifax
A Debt Management Plan (DMP) can be a helpful debt solution for individuals in the UK struggling with repayments. It involves an agreement with creditors to repay debts at a manageable rate. While a DMP can offer relief, it’s essential to understand the process and implications. Payments are arranged based on affordability, and creditors may freeze interest and charges. However, it can affect credit scores and borrowing. Seeking professional advice is key to exploring whether a DMP is the right 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 Halifax offers tailored debt solutions for individuals in the UK. Explore our services, including Debt Management Plans, IVAs, DROs, and Bankruptcy. Find affordable debt help in Halifax.