Debt Advice Leeds

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 Debt Help in Leeds

Debt Advice Leeds
Welcome to Debt Advice Leeds, your partner in navigating debt solutions. We understand the challenges of seeking help, but rest assured, our tailored services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, are designed to support your long-term financial stability. Explore your options with us, judgment-free.

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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Debt Advice Leeds
If you’re considering bankruptcy in the UK, it’s essential to understand what it entails. Bankruptcy is a formal debt solution suitable for individuals with overwhelming debts they can’t repay. The process involves declaring yourself bankrupt, which can provide relief from unmanageable debt. However, it’s crucial to weigh the pros and cons carefully. While bankruptcy offers a fresh start, it can affect your credit score, assets, and future borrowing opportunities. Seeking professional advice is key to navigating this process with confidence and without judgment.

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Debt Advice Leeds
Individual Voluntary Arrangements (IVAs) provide a structured approach to managing debts for UK individuals. If you’re eligible, an IVA can offer relief and a clear path to becoming debt-free. However, it’s essential to understand the process, implications, and impact on credit ratings. Seek professional advice from Debt Advice Leeds to determine if an IVA is the right choice for you.

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Debt Advice Leeds
Debt Relief Orders (DROs) offer a solution for individuals in the UK facing severe debt issues. If you’re eligible, a DRO freezes debts for 12 months, providing much-needed breathing space. While it can be a lifeline, there are limitations to consider. Understanding the application process and implications is crucial. Seeking professional advice, like Debt Advice Leeds, can help you navigate this process with support and clarity.

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Debt Advice Leeds
A Debt Management Plan (DMP) is a tailored debt solution for individuals struggling with repayments. Suitable for those with multiple debts, a DMP consolidates payments into one manageable monthly sum. While it can provide relief and structure, there are drawbacks to consider. Interest and charges may still apply, and it can impact credit scores. Seeking advice from professionals like Debt Advice Leeds is crucial to explore this option fully and find the best path to manage debts.

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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.

Debt Advice Leeds in Leeds offers tailored debt solutions including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy. Find support and guidance for your financial stability.