If you’re struggling to pay day-to-day bills, or to keep up with loan repayments and other financial commitments, there are a number of options open to you to help clear your Debt Problems And Solutions.
We outline some of the most common options you might have heard of below. However, don’t make any decisions on your own – before you do anything we can give you expert debt advice.
We will help find the best solution for YOU. Our core principle is to do what is right for our customers, 100% of the time.
Know your options
Debt write off solution
Legal Protection from Creditors
Lower payments to your debt
Interest and charges guaranteed to be frozen
Protect your assets
IVA (Individual Voluntary Arrangement)
Debt Relief Order
Debt Management Plan
Individual Voluntary Arrangement (IVA)
An Individual Voluntary Arrangement (IVA) is a legal agreement between you and your unsecured creditors. You pay back an affordable monthly amount for a set period of time, usually 5 or
Bankruptcy is a court order that you can apply for if you are in serious debt. It is a legal declaration that confirms you are unable to repay your unsecured debts and any assets you have will be used to pay off your creditors. Any debts left unsettled will be written off completely.
A Best Solutions Debt Management Plan (DMP) is an informal repayment agreement between you and your creditors. It allows you to reduce your debt
repayments so that you can pay back your creditors at a pace that you can afford.
A Debt Arrangement Scheme (DAS) is a debt management program, run by the Scottish government, which allows you to repay your debts over an extended period of time whilst providing you protection from their creditors taking further action against you.