Debt Advice Warwickshire

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 Help in Warwickshire

Debt Advice Warwickshire

Welcome to Debt Advice Warwickshire, your trusted partner in finding tailored debt solutions for your financial challenges. We understand that seeking debt help can be overwhelming, which is why we offer a range of services designed to support individuals like you. From Debt Management Plans to Bankruptcy, we are here to guide you towards long-term financial stability without judgment.

Our solutions are personalised to your circumstances, focusing on affordability and providing a path towards a debt-free future. Explore your options with us and take the first step towards regaining control of your finances. Our team is here to support you every step of the way, so don’t hesitate to reach out for professional advice.

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

Check if you qualify

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 Warwickshire

Bankruptcy can be a daunting but necessary debt solution for individuals in the UK facing overwhelming financial difficulties. It is a legal process that involves declaring yourself unable to repay your debts, allowing you to make a fresh start. Bankruptcy is suitable for those with unmanageable debts and no alternative options. The process typically lasts for one year, during which an official receiver manages your assets and finances to repay creditors.

While bankruptcy offers a chance to clear debts, it comes with consequences. Your credit score will be severely impacted, making it challenging to obtain credit in the future. Assets like your home or vehicle may be at risk, and certain professions may be affected by bankruptcy. However, it provides relief from debt stress and the opportunity for a financial reset. If you are considering bankruptcy, seek professional advice to understand how it applies to your situation without judgment.

Check if you qualify

Debt Advice Warwickshire

An Individual Voluntary Arrangement (IVA) is a formal debt solution for individuals in the UK struggling with unmanageable debts. It allows you to make affordable monthly payments based on your income and expenses, typically lasting five to six years. An IVA is suitable for those with significant debts and a regular income to make repayments.

While an IVA offers a structured way to clear debts, it may impact your credit rating and borrowing abilities. Assets may be at risk, and eligibility criteria must be met to qualify. Seeking professional advice is crucial to determine if an IVA is the right solution for your financial situation. Debt Advice Warwickshire is here to help you explore your options and make an informed decision.

Check if you qualify

Debt Advice Warwickshire

A Debt Relief Order (DRO) is a debt solution available to individuals in the UK who have low income, few assets, and debts they cannot repay. It provides relief by freezing debts for 12 months, after which they may be written off if your circumstances remain unchanged. A DRO is suitable for those with debts under a certain threshold and limited assets.

While a DRO offers a fresh start, it comes with restrictions on borrowing and may affect your credit rating. Eligibility criteria must be met, and the application process involves seeking advice from an approved intermediary. If you are considering a DRO, it’s crucial to understand how it applies to your situation and seek professional guidance without hesitation.

Check if you qualify

Debt Advice Warwickshire

A Debt Management Plan (DMP) is a flexible debt solution tailored to individuals in the UK struggling with multiple debts. It involves negotiating affordable monthly payments with creditors based on your financial situation. A DMP is suitable for those with unmanageable debts but who can afford to make reduced payments over time. The benefits include simplified debt repayments, reduced interest rates, and protection from legal action.

However, a DMP may extend the time to clear debts and affect your credit rating. Creditors must agree to the plan, and interest and charges may still apply. It’s essential to seek professional advice before committing to a DMP to explore all options available to you. Debt Advice Warwickshire can help you navigate the process and find the best solution for your financial situation.

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.

Get tailored debt solutions with Debt Advice Warwickshire. Explore Bankruptcy, DMPs, DROs, and IVAs in Warwickshire for expert financial guidance.