Debt Management Plans Yorkshire

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

Debt Management Plans Yorkshire

Debt Management Plans Yorkshire
Welcome to our debt solutions website, offering tailored options like Debt Management Plans, IVAs, DROs, and Bankruptcy. We understand seeking help can be daunting, but our services focus on affordability and stability. Explore your options with us 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.

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.

Check if you qualify

What debt are you most concerned about?

Credit Cards

Over Drafts

Unsecured Loans

Store Cards

Personal Loans

Utility Bills

Business Debt

Catalogues

Check if you qualify

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.

Check if you qualify

Debt Management Plans Yorkshire
Bankruptcy is a legal process to help individuals in the UK deal with overwhelming debt. It is suitable for those with unmanageable debts and no other viable solutions. The process involves declaring bankruptcy, which can have pros like debt relief and cons like affecting credit scores and asset ownership. Seeking professional advice is crucial.

Check if you qualify

Debt Management Plans Yorkshire
Individual Voluntary Arrangements (IVAs) are a UK debt solution for those struggling financially. IVAs help write off debts after successful completion, but they can impact credit ratings. Seek professional advice to determine if an IVA is the right choice for you.

Check if you qualify

Debt Management Plans Yorkshire
A Debt Relief Order (DRO) is a UK-specific debt solution for those unable to repay debts. Eligible individuals can apply for a DRO to freeze debts and gain financial relief for 12 months. While advantageous, it may have limitations. Seek professional advice to understand if a DRO is right for you.

Check if you qualify

Debt Management Plans Yorkshire
Debt Management Plans (DMPs) are a solution for UK individuals struggling with debt. Tailored to suit different circumstances, a DMP helps manage repayments with creditors. Benefits include lower monthly payments, but drawbacks may include longer repayment periods. Seek expert advice to explore this option further.

Check if you qualify

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

Check if you qualify

Example case completed in 2023. Repayment calculated using income and expenditure data. Monthly payments and write off percentages are based on individual circumstances.

Unique meta descriptions tailored to each section will be provided.