Debt Advice Sunderland

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

Seeking Debt Advice in Sunderland

Debt Advice Sunderland
Welcome to our debt solutions website. We understand seeking help with debt can be overwhelming. We offer tailored services like DMPs, IVAs, DROs, and bankruptcy to support your financial stability. Explore your options 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.

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.

Check if you qualify

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.

Check if you qualify

Debt Advice Sunderland
Bankruptcy can be a way to deal with overwhelming debt in the UK. It’s suitable for those unable to repay their debts. The process involves declaring bankruptcy, which has pros like debt relief and cons like affecting credit scores and assets. Seek professional advice for guidance.

Check if you qualify

Debt Advice Sunderland
An Individual Voluntary Arrangement (IVA) is a debt solution in the UK. It’s suitable for those with unmanageable debts. IVAs involve monthly payments and debt write-off, impacting credit ratings. Seek professional advice to assess if an IVA is right for you.

Check if you qualify

Debt Advice Sunderland
A Debt Relief Order (DRO) is a UK-specific debt solution for those with low income and few assets. The application process freezes debts and provides relief for 12 months. Consider seeking professional advice to see if a DRO is suitable for you.

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Debt Advice Sunderland
A Debt Management Plan (DMP) is a solution for managing debt in the UK. It’s suitable for individuals struggling with repayments. With a DMP, payments are arranged with creditors, but it may affect credit scores. Seek advice to explore this option further.

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

Check if you qualify

Example case completed in 2023. Repayment calculated using income and expenditure data. Monthly payments and write off percentages are based on individual circumstances.

Expert Debt Advice in Sunderland. Explore bankruptcy, DMPs, DROs, and IVAs tailored to your needs. Get support for managing debt effectively.