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Clear Debt Sunderland

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

Clear Debt Sunderland – Debt Help Assistance

Clear Debt Sunderland
Welcome to Clear Debt Sunderland, where we offer tailored debt solutions to individuals in the UK. We understand the challenges of managing debt and offer supportive guidance to help you achieve financial stability. Explore our range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, to 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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Clear Debt Sunderland
Bankruptcy can be a viable debt solution in the UK for individuals facing overwhelming debt. It involves declaring insolvency, with a trustee managing your assets to pay off creditors. While it may provide relief from unmanageable debt, bankruptcy also has implications on credit scores, assets, and future borrowing. It’s essential to seek professional advice to understand if bankruptcy is the right option for your financial situation.

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Clear Debt Sunderland
Individual Voluntary Arrangements (IVAs) provide a structured debt solution for individuals in the UK struggling with unmanageable debt. It allows you to make affordable monthly payments towards your debts, with the possibility of writing off a portion of the debt after successful completion. While an IVA can offer relief, it’s important to seek professional advice to assess if it aligns with your financial goals.

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Clear Debt Sunderland
Debt Relief Orders (DROs) offer a fresh start for individuals in the UK burdened by unmanageable debt. It freezes debts for 12 months, providing relief from creditor actions. While a DRO can be a lifeline for those with low income and minimal assets, it also has implications on credit ratings. Seeking professional advice is key to determining if a DRO is the right debt solution for you.

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Clear Debt Sunderland
A Debt Management Plan (DMP) is a structured repayment plan tailored to individuals in the UK struggling with debt. It allows you to consolidate multiple debts into one affordable monthly payment, managed by a debt management company. While a DMP can provide relief from creditor pressures, it may impact credit scores and borrowing capacity. Seeking professional advice is crucial to explore whether a DMP is suitable for your financial circumstances.

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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 Sunderland in Sunderland offers tailored debt solutions including Bankruptcy, Debt Management Plans, Debt Relief Orders, and Individual Voluntary Arrangements. Seek professional advice for your financial stability.