Debt Help Yorkshire

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May not be suitable for all.

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Debt Help Yorkshire – Debt Relief Solutions

Debt Help Yorkshire
Welcome to Debt Help Yorkshire, where we offer tailored debt solutions to help you achieve financial stability. We understand that seeking debt help can be overwhelming, but we’re here to support you. Explore our range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy. Your financial well-being is our priority, and we encourage you to seek professional advice to find the right solution for your circumstances.

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 Yorkshire
Bankruptcy can be a daunting prospect, but it may provide a fresh start for those overwhelmed by debt. In the UK, bankruptcy is a legal process that involves declaring yourself unable to repay debts. It is suitable for individuals with unmanageable debts and no viable alternatives. The process typically lasts for a year, during which a trustee manages your assets to repay creditors. While bankruptcy can offer relief from debt, it comes with consequences. Your credit score will be significantly impacted, and assets such as property may be sold to repay debts. It may also affect your ability to borrow in the future. However, it’s essential to remember that bankruptcy is a legitimate solution to debt problems. If you’re considering bankruptcy, seek professional advice to understand how it applies to your situation.

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Debt Help Yorkshire
Individual Voluntary Arrangements (IVAs) provide a structured way to manage overwhelming debt in the UK. An IVA involves making affordable monthly payments to creditors over a fixed period, after which remaining debts are typically written off. IVAs are suitable for individuals with unmanageable debts and a regular income. While an IVA can offer a path to debt relief, it may impact your credit rating and borrowing options. If you’re considering an IVA, seek professional advice to determine if it’s the right solution for you.

Check if you qualify

Debt Help Yorkshire
Debt Relief Orders (DROs) offer a fresh start for individuals in the UK burdened by debt. A DRO is a legal process that freezes debts for a year, after which they are typically written off. It is suitable for those with low income, minimal assets, and debts under a certain threshold. While a DRO can provide much-needed relief, it may impact your credit rating and financial options. If you’re considering a DRO, seek professional advice to understand how it applies to your situation.

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Debt Help Yorkshire
A Debt Management Plan (DMP) is a practical solution for individuals struggling with debt in the UK. It involves negotiating affordable repayment plans with creditors to manage debts effectively. DMPs are suitable for those with non-priority debts and a regular income. Payments are consolidated into one monthly sum, making budgeting easier. While a DMP can provide relief from mounting debts, it may also affect your credit score and borrowing options. It’s crucial to seek professional advice to explore whether a DMP is the right solution for your circumstances.

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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 Yorkshire – Providing tailored debt solutions in Yorkshire. Explore Debt Management Plans, IVAs, Bankruptcy, and DROs to achieve financial stability. Contact us for expert advice.