Get Out Of Debt Cardiff

Speak to an expert to discover all the debt solutions available to you.

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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.

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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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At Get Out Of Debt Cardiff, we understand that bankruptcy can be a daunting prospect. It’s essential to know that bankruptcy is a legal process to help individuals in the UK who are unable to pay their debts. It’s suitable for those with significant debts and no feasible way to repay them. The process involves declaring bankruptcy, which can result in the sale of assets to repay creditors. While it provides relief from overwhelming debt, it comes with consequences like affecting credit scores, restricting future borrowing, and potentially losing assets. It’s crucial to seek professional advice to explore all options available in your specific situation.

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Get Out Of Debt Cardiff offers Debt Management Plans (DMPs) as a practical solution for managing your debts. A DMP is suitable for individuals in the UK struggling with debt repayments. It involves consolidating multiple debts into one manageable monthly payment, negotiated with creditors. The benefits include reduced stress, simplified payments, and potential freezing of interest and charges. However, it may impact credit scores and borrowing abilities. Seeking professional debt advice is crucial to determine if a DMP is the right choice for your financial situation.

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Debt Relief Orders (DROs) provided by Get Out Of Debt Cardiff offer a fresh start for individuals in the UK burdened by unmanageable debts. A DRO is suitable for those with low income, minimal assets, and debts under a specified threshold. It involves a 12-month moratorium period where debts are frozen, offering relief from creditor pressure. While it can provide financial freedom, there are limitations on eligibility and asset ownership. Seeking professional advice is key to understanding if a DRO is the right path towards a debt-free future.

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Seeking Assistance with Debt in Cardiff

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Welcome to Get Out Of Debt Cardiff, where we provide tailored debt solutions to help you achieve financial stability. We understand the challenges of managing debt and offer expert advice without judgment. Explore our services, including Debt Management Plans, IVAs, DROs, and bankruptcy, to find the right solution for your needs.

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At Get Out Of Debt Cardiff, we offer Individual Voluntary Arrangements (IVAs) as a structured debt solution for individuals in the UK. An IVA is suitable for those struggling with unmanageable debts, offering a realistic repayment plan. It involves freezing interest and charges, and debts are typically written off after completion. While it may impact credit ratings, it provides a path towards financial recovery. Seeking professional advice is crucial to determine if an IVA is the right choice for you.

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Get Out Of Debt Cardiff in Cardiff provides tailored debt solutions, including DMPs, IVAs, and bankruptcy. Find expert advice to manage your debt effectively and achieve financial stability.

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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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