Help With Debt Cardiff

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 Help With Debt Solutions in Cardiff

Welcome to Help With Debt Cardiff, where we understand the challenges of seeking debt solutions. We offer tailored services, including Debt Management Plans, IVAs, DROs, and Bankruptcy, to help you achieve financial stability. Explore your options without judgment and find the right solution for your needs.

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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At Help With Debt Cardiff, we understand the challenges of dealing with overwhelming debt. Bankruptcy can be a viable solution for individuals in the UK facing severe financial difficulties. It provides a fresh start by clearing most debts, but it’s essential to consider the implications. Bankruptcy is suitable for those unable to repay debts, and the process involves declaring your insolvency, assets may be at risk, and restrictions apply. While it can impact credit scores, it offers relief from unmanageable debts. Seek professional advice to explore all options without judgment.

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Individual Voluntary Arrangements (IVAs) offer a formal agreement to repay creditors over a set period. Tailored to individuals in the UK, IVAs can write off a portion of debt after successful completion. While it may affect credit ratings, it provides a structured path to debt relief. Seek professional advice from Help With Debt Cardiff to determine if an IVA is suitable for you.

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Debt Relief Orders (DROs) are designed for individuals in the UK with low income and minimal assets, providing a fresh start from debt. The application process is straightforward, with debts frozen for 12 months. While it offers relief, there are eligibility criteria and restrictions to consider. Seek professional advice from Help With Debt Cardiff to see if a DRO is the right solution for your circumstances.

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For those struggling with multiple debts, Debt Management Plans (DMPs) offer a structured way to repay what you owe. Tailored to individuals in the UK, DMPs involve affordable monthly payments to creditors. While it can simplify repayments, interest and charges may continue, and credit scores may be affected. Seek professional debt advice from Help With Debt Cardiff to understand if a DMP is the right solution for you.

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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.

Help With Debt Cardiff offers tailored debt solutions for individuals in the UK. Explore options like DMPs, IVAs, DROs, and Bankruptcy with professional advice and support.