Clear Debt Northampton

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Help with Debt in Northamptonshire – Clear Debt Northampton

At Clear Debt Northampton, we welcome you to explore our tailored debt solutions. We understand the challenges of managing debt and offer supportive services like Debt Management Plans, IVAs, DROs, and Bankruptcy. Our focus is on providing affordable and personalised solutions for your long-term financial stability. Seek professional advice without judgment 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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At Clear Debt Northampton, we understand that bankruptcy can be a daunting prospect. Bankruptcy is a legal process that involves declaring yourself unable to pay your debts. It is suitable for individuals in the UK who have no other way to clear their debts. The process involves a court-appointed official called the Official Receiver who manages your assets and liabilities. While bankruptcy offers a fresh start, it comes with consequences. Your credit score will be significantly impacted, assets may be sold to repay debts, and restrictions on borrowing may apply for several years. At Clear Debt Northampton, we encourage you to seek professional advice to explore your options without judgment.

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Individual Voluntary Arrangements (IVAs) are a formal debt solution for individuals in the UK. An IVA allows you to repay a portion of your debts over a fixed period, with the remainder being written off. It is suitable for those struggling with unsecured debts. While an IVA can offer a fresh start, it may affect your credit rating and borrowing capacity. Clear Debt Northampton recommends seeking expert advice to determine if an IVA is the right path for you.

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Debt Relief Orders (DROs) are a viable debt solution for individuals in the UK struggling to repay debts. A DRO is suitable for those with low income, little assets, and debts under a certain threshold. The application process involves a fee and a 12-month moratorium period during which creditors cannot pursue you for payment. While a DRO provides relief, it can impact your credit rating and financial options. Clear Debt Northampton advises seeking expert guidance to determine if a DRO is the right choice for your circumstances.

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Clear Debt Northampton offers Debt Management Plans (DMPs) as a flexible solution for managing debt. A DMP consolidates your unsecured debts into one affordable monthly payment based on what you can afford. It is suitable for individuals in the UK facing financial difficulties. Payments are arranged with creditors through a DMP provider, and interest and charges may be frozen. While a DMP can improve your financial situation, it may affect your credit score and borrowing capabilities. At Clear Debt Northampton, we support you in seeking professional advice to navigate the DMP 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.

Clear Debt Northampton offers tailored debt solutions in Northamptonshire. Explore options like DMPs, IVAs, DROs, and Bankruptcy for a path to financial stability.