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Write off up to 100% of your debt and become
debt free in 12 months
Find out if Debt Management is the best option for you
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What is Bankruptcy?
Debt Management Plans
A Debt Management Plan is an informal route to repay your debt, using one monthly affordable payment. This payment is paid directly to your chosen debt management company and they will distribute that money to your creditors after taking their management fee. Have a look at the Debt Help Compare Debt Management Page.
One Monthly Payment
Stop letters and phonecalls
More affordable monthly payment
Reduce the debt sressess
IVA - Individual Voluntary Arrangement
An IVA is a formal route to repay your debt using one monthly affordable payment. Once the IVA has been accepted, the creditors will agree to:
Write off up to 75% of the debt
Freeze interest and stop charges
Stop letters and phone calls
Finish the plan in 60 monthsYour creditors will decide For or Against the IVA so they make the overall decision. Have a look at our IVA Page.
PTD – Protected Trust Deeds
A Protected Trust Deed
and the Scottish equivalent of an IVA
but there are a few subtle changes:
Write off up to 90% of the debt
Freeze interest and stop charges
Stop letters and phone calls
Finish the plan in 36 months
Your creditors will decide For or Against the PTD so they make the overall decision, to protect the trust deed or not.
Have a look at the Debt Help Compare Trust Deed Page.
Consolidation Loans
A Consolidation Loan normally comes in the form of
Equity Release, which means if you do not have enough equity or you are not a home owner then a
consolidation loan it not an option.
It is possible to have an unsecured consolidation loan, but you credit history must be perfect,
so no missed or late payments. Have a our Consolidation page.