Debt Solutions | Debt Advice
Debt Solutions
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IVA (Individual Voluntary Arrangement)
An IVA is a legal agreement between you and your creditors where you agree to pay back only the portion of the debt that you can afford. The debts that you can't afford to pay are legally written off.
IVAs (Individual Voluntary Arrangements)... |
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Debt Management Plan
(also available for residents of Scotland)
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... |
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| Debt Consolidation
(also available for residents of Scotland)
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... |
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| Administration Order (also available for residents of Scotland)
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... |
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Enter into Bankruptcy | Being made Bankrupt
Bankruptcy offers a fresh start for people who are unable to pay their debts in any way possible. It is known as a 'last resort' in Debt Solutions, but sometimes it is the best option available. As with any debt solution, it is not something to be entered into lightly. Bankruptcy... |
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Debt Solutions (Scotland)
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Sequestration (Scottish equivalent to Bankruptcy)
Sequestration is the scottish legal term for Bankruptcy. It is a method of dealing with debts that you cannot afford to pay.
Sequestration... |
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| Trust Deed
(Scottish Equivalent to the 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... |
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Talk to our debt advisors at Debt Advice and we will help. Call our debt helpline on
0800 043 5133.
Debt Advice - Solving Debt Problems
At Debt Advice, we pride ourselves on giving the best information for your circumstances and letting you make the choices on what it is you want to do with your options. If you are struggling with your debts, and are unsure about what to do or what debt solutions are available for you, contact us for confidential, impartial debt advice.
Full List of Debt Solutions
Click here for the full list of Debt Solutions available.
Apply for a Debt Solution
If you are struggling with your debts and need help immediately please do not hesitate to contact our debt counsellors on 0800 043 5133. We are on hand with a sympathetic ear, so please don’t hesitate to give us a call, email,or online chat. A problem shared is a problem halved and it’s our job to listen, talk or help.
Our experienced, friendly debt advisors are on hand to answer ANY questions you might have. We deal with hundreds of people every day, from many different walks of life. 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.
Before you contact us you can also read about some of the debt solutions available to residents of the U.K. and Scotland on this website.
