Debt Solutions | Debt Advice
Debt Solutions
If you have a debt problem and need advice the first thing we tell people is, DO NOT PANIC! Debt is very common and you are not alone. There are several ways of dealing with your debts, both formally and informally. Below are three simple options you can choose to help address your debt problems.
IVAs
An IVA is a legal agreement between you and your creditors where you pay back only the debts that you can afford. The debts that you can't afford to pay are legally written off.
IVAs (Voluntary Arrangements)...
Debt Management
A Debt Management Plan is an informal agreement with your creditors where you arrange a more affordable monthly payment to repay your debts.
Debt Management Advice...
Debt Consolidation
Debt Consolidation allows you to pay off your debts with one loan, leaving you with one monthly, more manageable payment towards your debt (repayment of the loan),
Debt Consolidation...
Administration Order
An Administration Order is an order by the court. It covers your outstanding debts. You would make monthly payments to the court who then distributes it to your creditors on a Pro-Rata basis.
Administration Orders...
Bankruptcy
Bankruptcy offers a fresh start for people unable to pay their debts. It is known as a 'last resort' in Debt Solutions, but sometimes it is the best option available.
Bankruptcy Advice...
Sequestration
(Scottish Bankruptcy)
Sequestration is the scottish legal term for Bankruptcy. It is a method of dealing with debts that you cannot afford to pay.
Sequestration...
Trust Deed
(Scottish IVA)
A Trust Deed, like an IVA, is a formal agreement between you and your creditors, where you arrange to pay back the portion of your debt that you can afford.
Trust Deeds...
Debt Solution - Apply
If you are struggling with debt and need help, please don't hesitate to contact our debt advisors on 0800 043 5133. Yo u can also email or online chat.
Our experienced, friendly debt advisors are on hand to answer ANY questions you might have. There is no such thing as an individual/business having circumstances too simple or too complicated to seek debt advice. There is always a way out of your debt problem.
