Debt Company Bristol

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Advice is free but fees and disadvantages may apply if you enter a debt help solution.
May not be suitable for all.

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Debt Company Bristol – Debt Help Available

Debt Company Bristol

Welcome to Debt Company Bristol, where we understand the challenges of managing debt. Our tailored solutions like Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy aim to provide affordable and sustainable options for your financial well-being. Explore our services without judgment and seek professional advice to find the right solution for you.

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 Company Bristol

Bankruptcy is a legal process that allows individuals in the UK to deal with overwhelming debt they cannot repay. It is suitable for those with unmanageable debts and no alternative solution. The process involves declaring bankruptcy, which can have serious implications on credit scores, assets, and future borrowing. While it provides relief from debt, there are drawbacks like losing assets and restrictions on financial activities. Seeking professional advice is crucial to understand the implications and explore all options without judgment.

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Debt Company Bristol

Individual Voluntary Arrangements (IVAs) offer a structured debt solution for individuals in the UK. It involves making affordable monthly payments towards debt, with the possibility of writing off remaining balances. While an IVA can have implications on credit ratings and borrowing, it provides a clear path to debt relief. Seeking expert advice is crucial to determine if an IVA suits your financial situation.

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Debt Company Bristol

Debt Relief Orders (DROs) are designed for individuals in the UK with low income, little assets, and debts they cannot repay. The application process involves meeting specific criteria and obtaining a moratorium period of 12 months. While a DRO freezes debts, there are limitations like restrictions on borrowing. Seeking professional advice is essential to determine eligibility and understand the implications of a DRO.

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Debt Company Bristol

A Debt Management Plan (DMP) is a suitable debt solution in the UK for individuals struggling to manage multiple debts. It involves consolidating debts into one affordable monthly payment, negotiated with creditors. While it can help regain control of finances, there are drawbacks like extended repayment periods and potential impact on credit scores. Professional debt advice is recommended to evaluate if a DMP is the right solution for individual circumstances.

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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 Company Bristol offers tailored debt solutions in the UK to help individuals regain financial stability. Explore Debt Management Plans, IVAs, DROs, and Bankruptcy options in Bristol.