Check if you qualify

Debt Solutions Portsmouth

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

Affordable Debt Help Solutions for Portsmouth Residents

Debt Solutions Portsmouth
Welcome to Debt Solutions Portsmouth, where we offer tailored debt help services to UK residents. We understand the challenges of managing debts and offer solutions like Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy. Our focus is on your financial stability and long-term well-being. Explore your options with us without pressure or 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

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 Solutions Portsmouth
Bankruptcy can be a daunting prospect, but it’s a legal process to help individuals in the UK deal with overwhelming debts. It’s suitable for those with unmanageable debts and no other viable options. The process involves declaring bankruptcy, which may involve fees and assets being used to pay off creditors. While it provides a fresh start, it can impact credit scores, assets, and future borrowing. It’s essential to seek professional advice tailored to UK laws before making decisions about bankruptcy.

Check if you qualify

Debt Solutions Portsmouth
Individual Voluntary Arrangements (IVAs) are a viable debt solution for individuals in the UK. It involves a legally binding agreement to repay creditors over a set period, offering relief from unmanageable debts. While it can impact credit ratings, it provides a structured path to debt freedom. Seeking professional advice is crucial to determine if an IVA aligns with your financial situation and UK regulations.

Check if you qualify

Debt Solutions Portsmouth
Debt Relief Orders (DROs) are designed for individuals in the UK with low income, minimal assets, and debts they can’t repay. It freezes debts for a year, providing relief and a fresh start. While it has advantages like debt write-off, there are limitations, including restrictions on borrowing. Seeking professional advice is essential to determine if a DRO is the right debt solution under UK laws.

Check if you qualify

Debt Solutions Portsmouth
A Debt Management Plan (DMP) is a suitable solution for UK individuals struggling with debts. It involves creating a manageable repayment plan with creditors, offering a structured way to clear debts. While it can lower monthly payments and interest rates, it may take longer to repay debts and affect credit scores. Seeking professional advice is crucial to understand how a DMP can help manage debts effectively within UK regulations.

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 Portsmouth – Expert debt help tailored to UK residents in Portsmouth. Explore Debt Management Plans, IVAs, DROs, and Bankruptcy solutions for your financial well-being.