Clear Debt Cardiff

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Advice is free but fees and disadvantages may apply if you enter a debt help solution.
May not be suitable for all.

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Clear Debt Cardiff: Debt Help in the UK

Clear Debt Cardiff
Welcome to Clear Debt Cardiff, where we offer tailored debt solutions to individuals in the UK. We understand that seeking help with debt can be overwhelming, but our range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, are designed to provide affordable and sustainable solutions. Explore your options with us and seek professional advice 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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Clear Debt Cardiff
Bankruptcy can be a viable debt solution for individuals in the UK struggling with unmanageable debt. It provides a fresh start by clearing eligible debts, but it’s crucial to understand the process and implications fully. Bankruptcy is suitable for those unable to repay debts and willing to cooperate with the official receiver. The process involves declaring bankruptcy, and once approved, assets may be sold to repay creditors. While it offers relief from debt, bankruptcy can impact credit scores, restrict access to credit, and affect assets like property. Seeking professional advice is key to navigating bankruptcy effectively and understanding its long-term repercussions.

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Clear Debt Cardiff
Individual Voluntary Arrangements (IVAs) are a structured debt solution for individuals in the UK struggling with unmanageable debt. Tailored to individual circumstances, an IVA involves a formal agreement with creditors to repay debts over a fixed period. It’s suitable for those with a stable income and unsecured debts. Monthly payments are affordable and debts are typically written off after successful completion. While an IVA can impact credit ratings, it offers a path to financial stability. Seeking professional advice is essential to determine if an IVA is the right solution.

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Clear Debt Cardiff
Debt Relief Orders (DROs) offer a way out of debt for individuals in the UK with limited assets and low income. It freezes debts for 12 months, after which they are typically written off. A DRO is suitable for those with debts under a specific threshold and minimal assets. The application process involves meeting eligibility criteria and paying a fee. While it provides relief from debt, a DRO can impact credit ratings and borrowing ability. Seeking professional advice is crucial to determine if a DRO is the best solution for individual circumstances.

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Clear Debt Cardiff
Debt Management Plans (DMPs) are a practical solution for UK individuals facing financial difficulties. Tailored to individual circumstances, a DMP consolidates debts into one affordable monthly payment. It’s suitable for those with non-priority debts and a steady income. Payments are arranged based on affordability, and creditors are involved to negotiate lower interest rates or freeze charges. While a DMP can improve financial management, it may affect credit ratings in the short term. Seeking professional advice is essential to explore whether a DMP is the right debt solution.

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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.

Clear Debt Cardiff, UK: Providing tailored debt solutions including Bankruptcy, DMPs, DROs, and IVAs. Seek professional advice for your financial stability.