Debt Company Cardiff

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May not be suitable for all.

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Debt Company Cardiff – Debt Help Available

Debt Company Cardiff
Welcome to Debt Company Cardiff, where we offer tailored debt solutions to individuals in the UK. We understand that seeking debt help can feel overwhelming, but we’re here to support you. Our range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, are designed to help you manage your debts effectively. Explore your options with us and take the first step towards financial stability.

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 Cardiff
Bankruptcy can be a viable debt solution for individuals in the UK facing overwhelming financial challenges. It involves declaring that you’re unable to repay your debts and can offer a fresh start. Bankruptcy is suitable for those with unmanageable debts, limited assets, and no other viable options. The process typically lasts for a year, during which your assets might be used to repay creditors. While bankruptcy can release you from most debts, it can also have long-term consequences like affecting your credit score and future borrowing options. It’s crucial to seek professional advice to understand if bankruptcy is the right choice for your circumstances.

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Debt Company Cardiff
Individual Voluntary Arrangements (IVAs) are a debt solution suitable for individuals in the UK struggling with unmanageable debts. An IVA involves making reduced monthly payments to creditors over a fixed period, after which remaining debts are typically written off. It’s a viable option for those with a stable income and significant debts. While an IVA can provide relief, it may affect your credit rating and borrowing options. Seeking professional advice is crucial to determine if an IVA is the right choice for you.

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Debt Company Cardiff
Debt Relief Orders (DROs) are designed for individuals in the UK with low income, minimal assets, and debts they can’t repay. A DRO provides relief by freezing debts for a year, after which they are typically written off. It’s suitable for those with debts under a certain threshold and limited assets. While a DRO offers a fresh start, it can affect your credit rating and borrowing capabilities. Seeking expert advice is crucial to understand if a DRO is the best solution for your financial situation.

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Debt Company Cardiff
Debt Management Plans (DMPs) are a helpful debt solution tailored to individuals in the UK struggling to meet monthly repayments. A DMP involves negotiating reduced payments with creditors, allowing you to manage your debts more effectively. It’s suitable for those with multiple debts who can afford reduced payments but need extra support. While a DMP can simplify repayments and freeze interest, it may impact your credit score and borrowing abilities. Seeking professional debt advice is essential to determine if a DMP is the right path for you.

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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 Cardiff in UK offers tailored debt solutions including Debt Management Plans, IVAs, DROs, and Bankruptcy. Get expert advice for effective debt management.