Debt Advice Chester

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 Advice Chester

Debt Advice Chester
Welcome to Debt Advice Chester, where we offer tailored debt solutions to help individuals in the UK achieve financial stability. We understand that seeking help with debt can be overwhelming, which is why we provide supportive and non-judgmental assistance. Whether you’re considering Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, or Bankruptcy, we focus on affordability and long-term financial well-being. Explore your options with us and take the first step towards a debt-free future.

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.

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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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Debt Advice Chester
Bankruptcy can be a viable debt solution for individuals in the UK facing overwhelming financial difficulties. It is a legal process that involves declaring yourself unable to pay your debts, offering relief from unmanageable financial burdens. Bankruptcy is suitable for those with significant debts, limited assets, and no feasible repayment options. The process typically lasts for a year, during which your assets might be used to repay creditors. While bankruptcy can provide a fresh start, it also comes with implications for credit scores, assets, and future borrowing. It’s essential to seek professional advice to understand if bankruptcy is the right solution for you without judgment.

Check if you qualify

Debt Advice Chester
An Individual Voluntary Arrangement (IVA) can be a suitable debt solution for individuals in the UK struggling with unmanageable debt. With an IVA, you can make affordable monthly payments towards your debts, with the possibility of having a portion of your debts written off. While an IVA can provide relief, it may impact your credit rating and borrowing capabilities. Seeking professional debt advice is essential to determine if an IVA is the right solution for your financial circumstances without judgment.

Check if you qualify

Debt Advice Chester
Debt Relief Orders (DROs) are a potential debt solution for individuals in the UK with low income, limited assets, and debts they cannot repay. By applying for a DRO, eligible individuals can have their debts frozen for a year, giving them relief from creditor pressure. While a DRO offers a fresh start after the 12-month moratorium period, it can affect credit ratings and borrowing capabilities. Seeking professional advice is key to understanding if a DRO is the right solution for your specific circumstances without judgment.

Check if you qualify

Debt Advice Chester
A Debt Management Plan (DMP) offers individuals in the UK struggling with debt a structured way to repay what they owe. Tailored to individual circumstances, a DMP allows you to make affordable monthly payments to a licensed debt management company, who then distributes the funds to your creditors. While a DMP can provide relief by consolidating your debts, it may also take longer to clear your debts and affect your credit score. Seeking professional debt advice is crucial to determine if a DMP is the best solution for managing your financial situation without judgment.

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

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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.

Debt Advice Chester, providing tailored debt solutions in the UK. Explore Debt Management Plans, IVAs, DROs, and Bankruptcy options for financial stability. Located in Chester.