Debt Management Plan Exeter

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 Management Plan Exeter – Get Help with Debt

Debt Management Plan Exeter
Welcome to our debt solutions website, where we offer tailored options to help you manage your financial struggles. Seeking debt help can feel overwhelming, but we are here to support you. Our services include Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy. We focus on custom solutions for your unique situation, prioritizing affordability and long-term stability. Explore your options with us and seek professional 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.

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 Management Plan Exeter
Bankruptcy can be a daunting but viable debt solution for individuals in the UK facing overwhelming financial burdens. It is a legal process that allows you to clear unmanageable debts, providing a fresh start. Bankruptcy is suitable for those with no realistic way to repay their debts and no assets to pay them off. The process involves declaring bankruptcy, which is a serious step that involves surrendering assets to a trustee who sells them to repay creditors. While bankruptcy can offer relief from debt, it also has consequences. It will impact your credit score for six years, making borrowing challenging. However, it can provide a path to financial freedom for those in dire situations. If you are considering bankruptcy, seek professional advice to understand the implications for your specific circumstances without judgment.

Check if you qualify

Debt Management Plan Exeter
An Individual Voluntary Arrangement (IVA) is a structured debt solution for individuals in the UK facing unmanageable debts. It allows you to make affordable monthly payments based on what you can afford. IVAs are suitable for those with debts they can’t repay in full and a regular income. Through an IVA, your debts may be written off after successful completion, providing a path to financial freedom. However, it can impact your credit rating and borrowing ability. Seek professional advice to determine if an IVA is the right solution for you.

Check if you qualify

Debt Management Plan Exeter
A Debt Relief Order (DRO) is a potential debt solution for individuals in the UK struggling with low income and limited assets. It is a form of insolvency that freezes debts for one year, after which they may be written off. DROs are suitable for those with debts of up to £30,000, minimal assets, and a disposable income below a set threshold. The application process is straightforward, and if approved, your debts will be frozen for 12 months. While a DRO can provide relief, it may impact your credit rating. Seek professional advice to explore if a DRO is the right option for your circumstances.

Check if you qualify

Debt Management Plan Exeter
A Debt Management Plan (DMP) is a practical debt solution for individuals in the UK struggling to manage repayments. It involves consolidating multiple debts into a single, affordable monthly payment. DMPs are suitable for those with regular income and non-priority debts they can’t repay in full. Through a DMP, you make reduced payments to your creditors based on what you can afford. While it can provide relief, a DMP may extend the time taken to clear debts and affect your credit score. Seeking professional debt advice is crucial to determine if 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 Management Plan Exeter in the UK offers tailored debt solutions including DMPs, IVAs, and DROs. Get professional advice to manage your debts effectively.