Help With Debt Exeter

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

Help With Debt Exeter: Expert Debt Assistance Available Now

Help With Debt Exeter: Welcome to Your Debt Solutions Hub
Welcome to Help With Debt Exeter, where we understand the challenges of managing debt. Our tailored solutions, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, are designed to provide you with financial stability and peace of mind. Explore your options with us and take the first step towards a debt-free future.

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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Help With Debt Exeter: Explaining Bankruptcy in the UK
Bankruptcy is a legal process in the UK where an individual declares they are unable to pay their debts. It is suitable for those with significant debts and no realistic way of repaying them. The process involves declaring bankruptcy, which involves a fee and completing necessary paperwork. Once declared bankrupt, assets may be used to repay creditors, and a bankruptcy restriction may limit financial activities. While bankruptcy can provide relief from overwhelming debts, it can have long-term implications on credit scores, assets, and future borrowing. Seeking professional advice is crucial to understand the implications and explore all available options without judgment.

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Help With Debt Exeter: Navigating Individual Voluntary Arrangements in the UK
An Individual Voluntary Arrangement (IVA) is a formal agreement between an individual and creditors to repay debts over a fixed period. It is suitable for those with a steady income but struggling with debt repayments. While an IVA can provide a structured repayment plan and potential debt write-off, it may impact credit ratings and borrowing capabilities. Seeking professional debt advice is crucial to determine if an IVA is the right solution for your financial situation.

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Help With Debt Exeter: Navigating Debt Relief Orders in the UK
A Debt Relief Order (DRO) is a formal insolvency process in the UK for those with low income, minimal assets, and debts they cannot repay. The application process involves seeking approval from an Official Receiver and can result in debts being frozen for 12 months. While a DRO provides relief from debt, it may impact credit ratings and ability to obtain credit in the future. Professional advice is vital to determine eligibility and explore other debt solutions.

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Help With Debt Exeter: Understanding Debt Management Plans in the UK
A Debt Management Plan (DMP) is a debt solution tailored for individuals struggling with unmanageable debts in the UK. It involves consolidating multiple debts into a single, affordable monthly payment, negotiated with creditors. The benefits include reduced stress, simplified repayments, and avoiding legal action. However, drawbacks may include a longer repayment period and potential impact on credit scores. Seeking professional debt advice is essential to assess suitability and understand the implications fully.

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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.

Help With Debt Exeter offers expert debt solutions tailored to individuals in the UK. From Debt Management Plans to Bankruptcy, we provide comprehensive assistance to help you achieve financial stability in Exeter and beyond.