Debt Solutions Bristol

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

Expert Debt Solutions in Bristol

Debt Solutions Bristol
Welcome to Debt Solutions Bristol, where we understand the challenges of managing debt. Our range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, are tailored to your unique financial situation. We offer non-judgmental support, encouraging you to explore all options for sustainable debt relief. Take the first step towards financial stability by seeking professional advice 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

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 Solutions Bristol
Bankruptcy can be a viable debt solution for individuals in the UK facing overwhelming financial challenges. It is a legal process that involves declaring inability to pay debts, offering a fresh start to those struggling. Bankruptcy may suit those with unmanageable debts, limited income, and minimal assets. The process typically lasts for a year, during which a Trustee oversees the individual’s finances, including potential sale of assets. While bankruptcy offers relief from debts, it also has consequences. Credit scores are significantly impacted, assets can be at risk of sale, and future borrowing options may be limited. If you are considering bankruptcy, seeking professional advice is crucial. Our team is here to provide guidance without judgment, helping you navigate the process with clarity and support.

Check if you qualify

Debt Solutions Bristol
Individual Voluntary Arrangements (IVAs) provide a structured debt solution for individuals in the UK seeking to manage their debts effectively. An IVA allows you to make affordable monthly payments towards your debts, offering the potential to write off a portion of what you owe. While an IVA can impact credit ratings, it provides a clear path towards debt freedom. If you are considering an IVA, our team can offer expert advice to help you determine if it is the right solution for you.

Check if you qualify

Debt Solutions Bristol
A Debt Relief Order (DRO) is a valuable debt solution for individuals in the UK facing severe financial hardship. It is designed for those with low income, minimal assets, and debts they cannot repay. A DRO freezes debts for 12 months, providing relief and protection from creditors. While a DRO offers a fresh start after the moratorium period, it can impact credit ratings. Eligibility criteria must be met to qualify for a DRO, ensuring it is suitable for those in genuine need. If you believe a DRO could help alleviate your financial burden, our team is here to offer expert guidance tailored to your circumstances.

Check if you qualify

Debt Solutions Bristol
A Debt Management Plan (DMP) is a practical debt solution available in the UK to help individuals regain control of their finances. It involves consolidating multiple debts into a single affordable monthly payment, tailored to the individual’s budget. DMPs are suitable for those struggling to meet repayment obligations but wish to avoid bankruptcy. While DMPs offer reduced stress and creditor communication, they may take longer to clear debts due to reduced monthly payments. Credit ratings may be affected, but this solution can help prevent further financial distress. If you are considering a DMP, our experts can provide personalised advice and support to help you manage your debts effectively.

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 Solutions Bristol is your go-to resource for expert debt advice in Bristol. Explore tailored solutions like Debt Management Plans, IVAs, and DROs to achieve financial stability.