Debt Help Chester

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

Debt Help Chester – Debt Assistance Available

Debt Help Chester
Welcome to Debt Help Chester, where we understand the challenges of managing debt. Our tailored solutions, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, aim to provide affordable and sustainable options. Explore our services and seek expert advice without judgment.

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.

Check if you qualify

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 Chester
Bankruptcy can be a daunting but viable debt solution for individuals in the UK facing overwhelming financial struggles. It involves declaring insolvency, with a clear process and implications. Bankruptcy is suitable for those with unmanageable debts with no alternative solution, offering a fresh start. While it has advantages like debt write-off, it also has drawbacks such as credit score impact and asset loss. Seeking professional advice is crucial to navigate this option effectively.

Check if you qualify

Debt Help Chester
Individual Voluntary Arrangements (IVAs) offer UK individuals a structured debt solution to repay creditors. It involves a legally binding agreement to make affordable monthly payments, leading to debt write-off. IVAs suit those with stable income but struggling with debts, providing a path to financial recovery. While it may impact credit ratings, seeking professional debt advice is crucial to assess IVA suitability.

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Debt Help Chester
Debt Relief Orders (DROs) are a valuable debt solution in the UK for individuals with low income and minimal assets. It freezes debts for 12 months, offering relief and a fresh financial start. DROs are suitable for those with debts under a certain threshold, providing a manageable path to financial stability. While it has benefits like debt write-off, it also comes with limitations like credit score impact. Seeking professional advice is essential to explore DRO eligibility.

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Debt Help Chester
A Debt Management Plan (DMP) is a practical debt solution for UK individuals struggling with repayments. It consolidates debts into a single affordable monthly payment, managed by a provider. DMPs are suitable for those with regular income but unable to meet repayments, offering relief and structure. While it helps manage debts effectively, it may impact credit scores and borrowing capabilities. Seeking expert debt advice is key to understanding if a DMP is the right fit.

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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.

Expert debt solutions at Debt Help Chester, tailored to individuals in the UK. Explore bankruptcy, DMPs, DROs, and IVAs for sustainable financial recovery in Chester.