A clearer view of your debt options
If you are struggling with unsecured debts, there are usually more routes forward than people realise. We explain what is available in plain English and advise you on what may be suitable for your circumstances. No pressure, and no judgement.
Advice that fits your circumstances
We look at what you owe, what you can realistically afford and what you want to happen, then talk you through the options that actually fit.
No pressure to decide
Nothing is decided on the first call and nothing is submitted anywhere. You can take as long as you need to think it over, and you can stop at any point.
How it works
1. A conversation, not an application
We ask what you owe, who to, and what you can realistically afford each month. Nothing is decided on that call and nothing is submitted anywhere.
2. We explain what might fit
We talk you through the options that look relevant to your circumstances, including the drawbacks, so you can see the whole picture rather than one option presented as the only one.
3. You decide, and we do the rest
If you want to go ahead, you tell us and we take it from there. We handle the paperwork, deal with your creditors, and set everything up, including with the licensed Insolvency Practitioner where a formal solution is involved. Nothing happens until you say so.
The options people ask us about
None of these is right for everyone, and none of them is a shortcut. Here is what each one actually involves.
Individual Voluntary Arrangement (IVA)
A formal, legally binding agreement with your creditors, set up and supervised by a licensed Insolvency Practitioner. You make one affordable payment each month for a fixed term, usually 60 months, and at the end whatever remains of the included debt is written off. Interest and charges are frozen, and included creditors have to stop contacting you. It is recorded on your credit file for six years and on a public register.
Debt Management Plan (DMP)
An informal arrangement where you make one monthly payment that is divided between your creditors. Nothing is written off, so you repay in full and it usually takes longer, but there is no insolvency record and you can leave at any time. Creditors will often reduce or freeze interest, though they are not obliged to and there are usually monthly fees incurred.
Where to start
You do not need to know which solution is right for you before getting in touch, and you do not need your paperwork in order.
Tell us roughly what you owe and what you can afford each month, and we will talk you through what may be available. Whether any solution is suitable depends entirely on your own circumstances.