Debt Help Luton

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 Help in Luton

Debt Help Luton

Welcome to Debt Help Luton, where we understand the challenges of managing debt and offer tailored solutions to help you achieve financial stability. Our range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, are designed to support you through your debt journey. Take the first step towards a debt-free future by exploring your options with our expert advice.

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.

Check if you qualify

What debt are you most concerned about?

Credit Cards

Over Drafts

Unsecured Loans

Store Cards

Personal Loans

Utility Bills

Business Debt

Catalogues

Check if you qualify

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.

Check if you qualify

Debt Help Luton

Bankruptcy can be a daunting prospect, but it’s essential to understand how it can help individuals struggling with overwhelming debt in the UK. Bankruptcy is a formal insolvency procedure that involves handing over control of your finances to a trustee who will work to repay your creditors as much as possible. It is suitable for individuals with unmanageable debts and no realistic way of repaying them. The process involves declaring your assets, income, and debts, which are then used to repay creditors. While bankruptcy provides relief from debt, it can have long-term effects on your credit score, assets, and ability to borrow in the future. It’s crucial to seek professional advice to navigate the process effectively and without judgment.

Check if you qualify

Debt Help Luton

Individual Voluntary Arrangements (IVAs) provide a formal yet flexible way for individuals in the UK to repay their debts and achieve financial freedom. An IVA involves making affordable monthly payments to creditors, with the remaining debts written off after a successful completion period. It is suitable for those with a stable income and significant debts. While an IVA offers a fresh start, it can impact credit ratings and borrowing capabilities. Seeking professional debt advice is crucial to determine if an IVA is the right choice for your financial situation.

Check if you qualify

Debt Help Luton

Debt Relief Orders (DROs) can be a lifeline for individuals in the UK facing severe financial difficulties and unable to repay their debts. A DRO is a formal insolvency procedure that freezes debts for 12 months, after which they may be written off. It is suitable for those with low income, few assets, and debts under a specific threshold. While a DRO offers relief from debt collection, it can affect credit ratings and future borrowing. Seeking professional advice is essential to determine if a DRO is the best solution for your circumstances.

Check if you qualify

Debt Help Luton

Debt Management Plans (DMPs) offer a structured way for individuals in the UK to repay their debts at an affordable rate. A DMP involves consolidating multiple debts into a single monthly payment, negotiated with creditors through a DMP provider. It is suitable for those struggling to meet monthly payments but with enough income to make reduced payments. While a DMP can provide relief from debt stress, it may impact credit scores and borrowing abilities. Seeking professional debt advice is crucial to explore whether a DMP is the right solution for your financial situation.

Check if you qualify

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

Check if you qualify

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 Luton offers tailored debt solutions in the UK, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy. Get expert advice for managing debt stress in Luton.