Debt Management Plan Bristol

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

Check if you qualify

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

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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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Bankruptcy is a legal process that can help individuals in the UK deal with unmanageable debts. It is suitable for those who have explored other options and have no way of repaying what they owe. The process involves declaring yourself bankrupt, which can have both advantages and disadvantages. While it can provide relief from overwhelming debt, it also comes with consequences such as affecting your credit score, potentially losing assets, and limiting future borrowing opportunities. It’s important to seek professional advice to understand if bankruptcy is the right solution for your situation without judgment.

Section ‘dmp’:
A Debt Management Plan (DMP) is a solution tailored to individuals in the UK struggling with debt. It is suitable for those who can afford to make reduced monthly payments towards their debts. A DMP involves consolidating multiple debts into one manageable monthly payment, negotiated with creditors. While it can provide relief from financial stress, it may also impact credit scores and borrowing abilities. Seeking professional debt advice is essential to explore if a DMP is the right solution for your circumstances.

Section ‘dro’:
Debt Relief Orders (DROs) are designed for individuals in the UK with low income, minimal assets, and debts they cannot repay. It is a form of insolvency that freezes debts for 12 months, after which they may be written off. While a DRO can offer a fresh start, it also has implications such as affecting credit scores. Understanding the eligibility criteria and application process is crucial, so seeking professional advice is recommended to determine if a DRO is suitable for you.

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Support with Debt Management Plan Bristol

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Welcome to Debt Management Plan Bristol, where we offer tailored debt solutions to individuals in the UK. Seeking help for debt can be overwhelming, but our range of services, including Debt Management Plans and more, are designed to provide affordable solutions for long-term financial stability. Explore your options with us today.

Section ‘iva’:
An Individual Voluntary Arrangement (IVA) is a debt solution for individuals in the UK facing unmanageable debts. It is suitable for those who can make monthly payments towards their debts. An IVA involves a legally binding agreement with creditors to repay a portion of the debt over a fixed period, with the rest typically written off. While it can offer relief, it may impact credit ratings and borrowing. Seeking professional advice is key to understanding if an IVA is the right path for you.

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Debt Management Plan Bristol in Location offers tailored debt solutions including Bankruptcy, DMPs, DROs, and IVAs. Find the right debt solution for you with professional advice.

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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.

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