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Debt Company Chester

Speak to an expert to discover all the debt solutions available to you.

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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.

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Debt Company Chester – Debt Help Available

Debt Company Chester
Welcome to Debt Company Chester, where we offer tailored debt solutions to support individuals in the UK. We understand that seeking debt help can be daunting, and we’re here to provide a range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy. Our solutions focus on affordability and long-term financial stability, so explore your options with us without any judgment or pressure.

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 Chester
Bankruptcy can provide a fresh start for individuals struggling with overwhelming debt in the UK. It is a legal process that involves declaring yourself unable to pay debts. Bankruptcy is suitable for those with no realistic way of repaying their debts and can offer relief from constant financial pressure. The process typically lasts for a year, during which your assets may be sold to repay creditors. While bankruptcy may affect your credit score and future borrowing, it can also provide a path to financial recovery. Seek professional advice to understand how bankruptcy could help you manage your debts effectively.

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Debt Company Chester
An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors to repay your debts in the UK. IVAs are suitable for those with a stable income and unsecured debts they cannot repay in full. This solution involves monthly payments for a set period, after which any remaining debts are written off. While an IVA may impact your credit rating, it offers a structured way to manage your debts effectively. Seek professional advice to determine if an IVA is the right solution for you.

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Debt Company Chester
Debt Relief Orders (DROs) offer a fresh start to individuals in the UK burdened by debt they cannot repay. A DRO is suitable for those with low income, minimal assets, and debts below a certain threshold. It provides relief by freezing debts for a year and writing them off afterward. While a DRO can impact your credit rating, it offers a way to manage debts effectively. Eligibility criteria apply, so seek professional advice to determine if a DRO is the best debt solution for your circumstances.

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Debt Company Chester
A Debt Management Plan (DMP) is a flexible solution for individuals in the UK struggling with unmanageable debt. It involves making reduced payments to creditors based on what you can afford. DMPs are suitable for those with non-priority debts who can repay them in a reasonable time frame. While a DMP can help you regain control of your finances, it may impact your credit rating. Creditors are involved in the process, and interest and charges may be frozen. Consider seeking professional advice to explore whether a DMP is the right debt solution 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 Chester in Chester offers tailored debt solutions for individuals in the UK. Explore options like Bankruptcy, DMPs, DROs, and IVAs for effective debt management.