Which Services Could a Debt Solutions Company Offer You?

What Are Debt Solutions? - Below is a list of debt solutions available to people who live in England, Wales or Northern Ireland

Administration Order

Administration Order

For people who have one or more county court judgement made against them, an administration order is a legally binding debt solution which allows you to pay your debt back based on what you can afford.

Bankruptcy Sequestration

Bankruptcy

Bankruptcy is a legally binding debt solution. It is often seen as a last resort if other debt solutions fail or can’t be completed within a reasonable timeframe. It is a process whereby debt is written off.

Debt Consolidation Loan

Debt Consolidation Loan

A debt consolidation loan can be an effective way of paying off debt to multiple creditors and combining it into one affordable payment.

Debt Management Plan

Debt Management Plan

A Debt Management Plan is an agreement between you and your creditors to reduce your monthly payments. It isn’t a legally binding agreement but can be negotiated by you or a third party on your behalf.

Administration Order

Debt Relief Order

Designed for individuals with very little disposable income, the DRO can be accessed if you don’t own your own home and have a debt of no more than £30,000.

Debt Relief Order

Debt Settlement Offer

If you acquire a lump sum of money and you have troublesome debts, then a Debt Settlement Offer can enable you to pay that debt at a reduced amount.

IVA Trust Deed

IVA

An Individual Voluntary Arrangement (IVA) is a debt solution where you agree with your creditors to pay all or part of your debts.

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Debt Relief Order

Debt Solutions FAQs

IVA Trust Deed
IVA FAQs

How Does an IVA Affect Your Life?

An IVA has proven to be an extremely effective debt solution for many people in the UK, however it is important to get a clear idea of how it may or may not affect your life.  Employment    In the vast majority of cases, having an IVA will have zero effect on your job. There is no law

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Debt Settlement Offer
Debt Settlement Offer FAQs

What Percentage Should I Offer to Settle Debt?

If you have been lucky enough to receive a windfall of money and you want to use it to clear off some debt that has been troublesome in the past, then a Debt Settlement Offer can be a great way of doing so. A DSO involves contacting your individual lenders and ‘making them an offer’. The offer you make

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Debt Relief Order
Debt Relief Order FAQs

Does a Debt Relief Order Clear My Debts?

Yes and No. The answer to this question largely depends on which types of debt you have.  Yes and No. The answer to this question largely depends on which types of debt you have.  First and foremost, to qualify for a DRO, the following will need to apply:    You are unable to pay your debts  You must not

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Debt Management Plan
Debt Management Plan FAQs

What is an Example of Debt Management?

For many of us, debt is a fact of life. If we want to purchase more expensive items like cars or mobile phones, then we can only do this with a finance agreement or a credit card. If you take out any kind of credit agreement, then debt management can become a very important part of your personal finances. There

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