Debt Management Portsmouth

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Discover Help with Debt Management in Portsmouth

Welcome to Debt Management Portsmouth, where we understand the challenges of debt. Explore tailored solutions like Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy. Seek affordable debt help 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.

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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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Debt Management Portsmouth provides clear information on bankruptcy as a debt solution in the UK. Learn who it’s suitable for, the process involved, and the pros and cons to make an informed decision. Discover how bankruptcy affects credit scores, assets, and future borrowing. Seek professional advice without judgment.

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Debt Management Portsmouth explains Individual Voluntary Arrangements (IVAs) as a debt solution in the UK. Find out who it’s suitable for, how it works, and the advantages and disadvantages. Learn about eligibility, application process, and the impact on credit ratings. Seek professional debt advice for the right solution.

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Debt Management Portsmouth offers insights into Debt Relief Orders (DROs) as a UK debt solution. Learn who’s eligible, the application process, and the advantages and disadvantages. Discover how debts are frozen, the 12-month moratorium, and how to seek professional advice for your situation.

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Debt Management Portsmouth explains Debt Management Plans (DMPs) as a tailored debt solution in the UK. Find out who it’s suitable for, how it works, and the benefits and drawbacks. Understand how payments are arranged, creditor involvement, and credit score implications. Seek professional debt advice to explore options.

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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 Management Portsmouth in Portsmouth offers tailored debt solutions including Debt Management Plans, IVAs, DROs, and Bankruptcy. Seek expert advice for a brighter financial future.