Check if you qualify

Debt Management Plans 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

Debt Management Plans Bristol

Debt Management Plans Bristol
Welcome to our UK-based debt solutions website, where we offer a range of services to help you manage your debts effectively. We understand that seeking debt help can be daunting, but rest assured, we are here to support you every step of the way. From Debt Management Plans to Individual Voluntary Arrangements, we tailor our solutions to your individual needs, focusing on affordability and long-term financial stability. Take the first step towards a debt-free future by exploring your options with us today.

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

Check if you qualify

Page 1 of 5

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 Plans Bristol
Bankruptcy can be a viable debt solution for individuals in the UK facing overwhelming financial difficulties. It is a legal process that can help clear unmanageable debts, offering a fresh start to those struggling to cope. Bankruptcy is suitable for individuals who have explored other options without success and have no realistic way to repay their debts. The process involves declaring your insolvency, which is then managed by an appointed trustee who will oversee the sale of assets to repay creditors. While bankruptcy can provide relief from debts, it also comes with consequences such as a negative impact on credit scores, restrictions on borrowing, and potential loss of assets. It’s essential to seek professional advice to understand the implications and explore alternatives before deciding on bankruptcy as a debt solution. Remember, seeking help is not a sign of failure but a proactive step towards regaining financial stability.

Check if you qualify

Debt Management Plans Bristol
Individual Voluntary Arrangements (IVAs) are a debt solution designed for individuals in the UK struggling with unmanageable debts. This formal agreement allows you to repay creditors based on what you can afford, with the remaining debts typically written off after successful completion. IVAs can provide relief from the burden of debts, but they may impact credit ratings and borrowing abilities. It’s crucial to seek professional advice to assess if an IVA is the right solution for your financial situation. Remember, taking control of your debts through an IVA is a positive step towards regaining financial stability.

Check if you qualify

Debt Management Plans Bristol
Debt Relief Orders (DROs) provide a debt solution tailored to individuals in the UK who are struggling with low income and few assets. This option is suitable for those with relatively low debts and no realistic way to repay them, offering a fresh start by freezing debts for a year. During this period, creditors cannot pursue you for payments, giving you breathing space to get back on track. While DROs can offer relief from overwhelming debts, there are limitations to consider, such as restrictions on borrowing and the impact on credit ratings. It’s important to seek professional advice to determine if a DRO is the right solution for your financial circumstances. Remember, exploring your options and seeking help is a positive step towards regaining financial stability.

Check if you qualify

Debt Management Plans Bristol
Debt Management Plans (DMPs) offer a structured way to manage debts for individuals in the UK struggling with repayments. This debt solution is suitable for those with multiple debts that are becoming unmanageable, providing a more affordable way to repay what you owe. A DMP involves negotiating reduced monthly payments with creditors based on what you can afford, allowing you to make progress towards clearing your debts without facing additional financial strain. While DMPs can offer relief and peace of mind, they may also affect credit scores and borrowing capabilities in the short term. It’s crucial to seek professional advice to assess whether a DMP is the right solution for your financial situation. Remember, taking control of your debts through a DMP is a positive step towards a debt-free future.

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 Plans Bristol in Bristol. Find tailored debt solutions including DMPs, IVAs, and DROs to manage debt effectively. Seek professional advice for your financial circumstances.