Debt Management Plans Milton Keynes

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 Plans Milton Keynes: Expert Debt Help Available Now

Debt Management Plans Milton Keynes:

Welcome to our debt solutions website! We understand that seeking help with debt can be overwhelming. We offer tailored solutions like Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy. Our aim is to provide affordable and sustainable options for your financial stability. Explore our services 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 Plans Milton Keynes:

Bankruptcy is a legal process for individuals in the UK who are unable to repay their debts. It is suitable for those with unmanageable debt and no other viable options. The process involves declaring bankruptcy, which can have long-term financial implications. While it provides relief from debt, it also comes with consequences such as impacting credit scores, assets, and future borrowing. If considering bankruptcy, seek professional advice to understand your options without judgment.

Check if you qualify

Debt Management Plans Milton Keynes:

An Individual Voluntary Arrangement (IVA) is a debt solution for individuals in the UK facing financial difficulties. It allows for a structured repayment plan with the potential for debt write-off. While beneficial for debt management, IVAs can impact credit ratings and borrowing capabilities. If considering an IVA, seek expert debt advice to determine if it aligns with your financial goals.

Check if you qualify

Debt Management Plans Milton Keynes:

A Debt Relief Order (DRO) is a debt solution for individuals in the UK with low income and minimal assets. It freezes debts for 12 months, providing relief from creditor pressure. While advantageous for those eligible, there are limitations such as restrictions on borrowing during the moratorium period. Understanding the application process and eligibility criteria is crucial. Seek professional advice to determine if a DRO is the best debt solution for your circumstances.

Check if you qualify

Debt Management Plans Milton Keynes:

A Debt Management Plan (DMP) is a debt solution tailored to individuals in the UK struggling with repayments. It involves consolidating debts into one affordable monthly payment. While offering benefits like reduced stress and creditor communication, drawbacks include extended repayment terms. DMPs can affect credit scores and borrowing, but they provide a structured path to debt resolution. Seek professional debt advice to explore if a DMP is the right solution for you.

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 Milton Keynes: Expert debt solutions tailored to your needs in Milton Keynes. Find relief from debt with our professional advice and support.