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Debt Management Company Lancashire

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

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May not be suitable for all.

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Help with Debt Management in Lancashire

Debt Management Company Lancashire
Welcome to our debt solutions website. We understand the challenges of managing debt and offer tailored solutions like Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy. Our services focus on affordability and long-term financial stability. Explore your options with expert advice today.

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 Management Company Lancashire
Bankruptcy can be a daunting but valuable debt solution for individuals in the UK. It provides a fresh financial start by clearing qualifying debts. Suitable for those with unmanageable debts and limited assets, the process involves declaring bankruptcy, which can last up to a year. While it can impact credit scores, assets may be used to repay creditors, and future borrowing may be affected. Seek professional advice to navigate this process effectively.

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Debt Management Company Lancashire
Individual Voluntary Arrangements (IVAs) are a structured debt solution for UK individuals seeking financial relief. Tailored for those with unmanageable debts, IVAs offer a clear path to debt resolution. Monthly payments are arranged, leading to debt write-off upon completion. While it may affect credit ratings, professional advice can help you navigate this process effectively.

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Debt Management Company Lancashire
Debt Relief Orders (DROs) offer relief to individuals in the UK burdened by debt. Designed for those with low income and minimal assets, a DRO freezes debts for a year before writing them off. It’s a valuable solution, but eligibility criteria must be met. Seek professional advice to explore how a DRO could help your financial situation.

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Debt Management Company Lancashire
A Debt Management Plan (DMP) is a flexible debt solution tailored to UK individuals struggling with repayments. It involves a structured repayment plan, suitable for those with non-priority debts like credit cards. While it simplifies payments and reduces stress, interest and charges may still apply. A DMP can affect credit scores, but professional debt advice can guide you through this process 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

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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 Management Company Lancashire in Lancashire offers tailored debt solutions like Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy. Find the right solution for you in Lancashire.