Free Debt Advice Lancashire

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

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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.

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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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At Free Debt Advice Lancashire, we understand the challenges of dealing with overwhelming debt. Bankruptcy is a legal process that can provide relief for individuals struggling with unmanageable debts in the UK. It is suitable for those unable to repay what they owe and have explored other debt solutions without success. The bankruptcy process involves declaring your inability to pay debts, appointing a trustee to manage your assets, and potentially having some debts written off. While bankruptcy offers a fresh start, it can impact credit scores, assets, and future borrowing. We encourage you to seek professional advice to explore whether bankruptcy is the right solution for your financial situation.

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Free Debt Advice Lancashire offers support for individuals in the UK looking to manage their debts effectively through Debt Management Plans (DMPs). A DMP is a flexible debt solution suitable for those struggling to meet their monthly repayments. It involves negotiating reduced payments with creditors and consolidating debts into one affordable monthly amount. While a DMP can help regain control over finances, it may affect credit scores and borrowing abilities. Our team encourages you to consider professional debt advice to discuss whether a DMP is the right fit for your circumstances.

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Seeking debt relief in the UK? Debt Relief Orders (DROs) could be a suitable solution for individuals facing severe financial hardship. A Debt Relief Order freezes debts for 12 months, offering relief from creditor pressure. It is designed for those with low income, minimal assets, and debts under a specific threshold. While a DRO provides a fresh start, it can impact credit scores and financial options. Our experts advise seeking professional guidance to determine if a DRO aligns with your financial needs.

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Get Help with Debt Issues Today

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Welcome to Free Debt Advice Lancashire, where we understand the challenges of managing debt. Our tailored solutions, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, aim to provide affordable paths to financial stability. Explore your options with our supportive team without judgment.

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Looking for debt solutions in the UK? Individual Voluntary Arrangements (IVAs) offer a structured approach to managing debts. IVAs are suitable for individuals with unmanageable debts, providing a clear repayment plan and potential debt write-off. While an IVA offers financial relief, it can impact credit ratings and borrowing opportunities. Seek professional advice to determine if an IVA is the right choice for you.

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Free Debt Advice Lancashire offers tailored debt solutions in the UK. From Debt Management Plans to Bankruptcy, explore options for financial stability in Lancashire.

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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.

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