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Debt Company Yorkshire

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

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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 Yorkshire: Debt Help Solutions

Debt Company Yorkshire
Welcome to Debt Company Yorkshire, where we offer tailored debt solutions to help you regain financial stability. We understand that seeking debt help can be overwhelming, but our range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, are here to support you. Explore your options with us and take the first step towards a debt-free future.

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 Yorkshire
Bankruptcy is a legal process in the UK that can help individuals struggling with unmanageable debts. It is suitable for those who have explored other options without success and have debts they cannot repay. The process involves declaring bankruptcy, which can provide relief from debt obligations but also comes with consequences. Pros include debt write-off and protection from creditors, but cons may include restrictions on financial activities. Bankruptcy can impact credit scores, assets, and future borrowing. Seek professional advice to understand if bankruptcy is the right solution for you.

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Debt Company Yorkshire
An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors to repay debts over a fixed period. IVAs are suitable for individuals in the UK struggling with unmanageable debts. The process involves setting up an affordable repayment plan, offering relief from debt stress. Benefits include debt write-off after completion, but drawbacks may include credit score impact. Seek professional advice to determine if an IVA is the right solution for your financial situation.

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Debt Company Yorkshire
Debt Relief Orders (DROs) are designed for individuals in the UK with low income and minimal assets who cannot repay their debts. A DRO is suitable for those with debts under a certain threshold and limited means to repay. The application process involves seeking approval for a debt relief solution that freezes debts for 12 months. Advantages include debt write-off after the moratorium period, but disadvantages may include restrictions on financial activities. Seek professional advice to determine if a DRO is the best path towards financial stability.

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Debt Company Yorkshire
A Debt Management Plan (DMP) is a solution for individuals in the UK facing financial difficulties. It is suitable for those with multiple debts who need a structured repayment plan. A DMP involves negotiating affordable monthly payments with creditors, providing relief from overwhelming debt. Benefits include reduced stress and simplified repayments, but drawbacks may include extended repayment periods and potential credit score impact. Seek professional advice to explore if a DMP is the right option for managing your debts.

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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 Yorkshire – Offering tailored debt solutions in Yorkshire. Explore options like DMPs, IVAs, DROs, and bankruptcy for financial stability.