Debt Help Cardiff

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

Affordable Debt Solutions in Cardiff

Debt Help Cardiff
Welcome to Debt Help Cardiff, where we offer tailored debt solutions to individuals facing financial challenges. We understand that seeking help with debt can feel overwhelming, but rest assured, our team is here to support you. From Debt Management Plans to Debt Relief Orders and more, we focus on affordability and long-term financial stability. Explore your options with us without judgment 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 Help Cardiff
Bankruptcy can be a viable debt solution for individuals in the UK facing overwhelming financial challenges. It provides a fresh start by clearing most debts and offering relief from creditor pressure. However, it’s essential to consider the implications carefully. Bankruptcy can impact your credit score, restrict access to credit, and potentially involve selling assets to repay creditors. It is suitable for those with unmanageable debts and low income, but the process should be navigated with professional guidance to ensure the best outcome. Seek expert advice to explore all options and make an informed decision without judgment.

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Debt Help Cardiff
Individual Voluntary Arrangements (IVAs) can provide a viable debt solution for individuals in the UK seeking to manage their debts effectively. By entering into an IVA, you can consolidate debts into one affordable monthly payment, with the potential for debt write-off upon completion. While an IVA can impact your credit score, it offers a structured way to clear debts and regain financial control. Consider your eligibility and seek professional advice to determine if an IVA aligns with your financial goals. Explore your options without pressure or judgment.

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Debt Help Cardiff
Debt Relief Orders (DROs) provide a debt solution tailored to individuals in the UK who have low income, few assets, and debts they cannot repay. This option freezes debts for 12 months, offering relief from creditor pressure and potential debt write-off. While a DRO can bring financial stability, it may impact your credit score and borrowing ability. Eligibility criteria must be met, and the application process followed carefully. Seek expert advice to determine if a DRO is the right solution for your circumstances without judgment.

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Debt Help Cardiff
A Debt Management Plan (DMP) can offer relief to individuals struggling with multiple debts in the UK. It involves consolidating payments into one affordable monthly amount, negotiated with creditors to suit your financial situation. While a DMP can simplify repayments and halt interest charges, it may take longer to clear debts, and your credit score could be affected. Suitable for those with regular income but facing debt challenges, a DMP requires careful consideration and expert advice to ensure it aligns with your needs. Seek professional debt advice to explore your options without pressure.

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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 Help Cardiff in Cardiff offers tailored debt solutions including Bankruptcy, DMPs, DROs, and IVAs. Get expert advice to navigate your financial challenges effectively.