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We can help you sort out your Debts

See if you qualify for one of our Debt Solutions

Debt Help in three simple steps

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Complete our online application

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Speak to a debt advisor about your options

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You will receive a debt proposal on the solutions available to you

Want to know more?
Or maybe you are ready to contact us?


Our fees explained clearly

To ensure you have all the information to make the right decision we have put together guides on the fee structures for the services we offer.
Learn about our fees

Impartial advice

You can get FREE impartial advice on your finances from the Government's Money Advisory Service.
More information

Please remember

If you choose to restructure your debt over a longer term it could affect your credit rating and cost you more.

Solutions for a variety of debt levels

Debt Help

For debts of £1,500 and over

Debt Help allows you to pay one affordable monthly payment for all of your unsecured bank loans, credit card repayments and your other debts.

Firstly the hassle of dealing with your paperwork and and day-to-day dealings with your creditors is taken away. Secondly, our selected debt partners will look to negotiate the freezing of charges and interest on your accounts to help stop your debts increasing.

Learn more

Bankruptcy

For those with little or no disposable income

If you are facing bankruptcy then it is important to speak to a professional debt advisor before proceeding with bankruptcy.

Debt Advice Online was set up to deal specifically with cases of serious debt that require immediate expert help. Advice is given both on avoiding declaring Bankruptcy and also how to go through the whole bankruptcy process.

Learn more

IVA's

Individual Voluntary Arrangements
for debts over £7,000

An IVA can help you write off the debts you cannot afford. Debts that qualify for an IVA can be cleared in a set time period (usually 5 to 6 years).

An IVA is a legal process by which you can gain protection from your unsecured creditors by entering into a legally binding repayment agreement with them, which is then supervised by a licensed insolvency practitioner.

Learn more

Limitations

No obligation

Creditors are not obliged to agree to a Debt Management Plan nor freeze interest and charges.

The right schedule

Sometimes rescheduling your Debt payments can lead to an increase in the total sum repaid and can extend your repayment period. Debt advisors should advise you an estimate for the total repayment period and length of time for the plan subject to your creditors accepting the arrangements.

Keeping up your repayments

Failure to keep up your repayments once on a repayment plan is set may result in arrangements with your creditors to be broken.

Your Credit Rating

Your credit rating is likely to be affected by all the debt solutions we offer.

The 3 Most Popular Debt Solutions

Below are 3 examples of the three most popular debt solutions on offer. Each example is for illustration purposes only and demonstrates the typical fees charged.

Debt Help

For debts of £1,500 and over

Bankruptcy

For those nearly or already bankrupt

IVA's

For debts over £7,000

Debt Help allows you to pay one affordable monthly payment for all of your unsecured bank loans, credit card repayments and your other debts.

If you are facing Bankruptcy, it is important to you speak to a professional debt advisor before declaring bankruptcy. An IVA can write off the debts that you cannot afford. Debts that qualify for an IVA can be cleared in a set time period (usually 5 to 6 years).

Example Case

Typical case before Debt Help
  • Debt owed by customer (credit cards, loans, store cards and overdraft) : £9,450
  • Number of creditors : 5
  • Monthly payments : £550.00
Typical case after Debt Help
  • New monthly payment : £250
  • Monthly saving : £300
  • Management fee : £50
  • Money to creditors : £200
Typical Debt Help Fees
  • Setup Fees: £750 (50% of first 6 months payments)
  • Management Fees: £50 (20% of £250)
  • Total Fees : £2,675

Example based on typical fees including setup fees (50% of the first six monthly payments) and a management fee of 20% of the monthly payment thereafter.

Our Debt Help fees explained clearly
Contact us to learn more

Example Case

Typical case before Bankruptcy
  • Debt owed by customer (credit cards, loans, store cards and overdraft) : £22,300
  • Number of creditors : 5
  • Monthly payments : £650.00
Typical case after Bankruptcy
  • Debt owed by customer : £0
  • Monthly payments : £0
Typical Bankruptcy Fees
  • Court Fees: £175
  • Official Receiver Fees: £525
  • Professional/Legal Fees : £500 - £700
  • Total Fees : £1250 +

Example based on a client who used Bankruptcy Clinic/Moneysolve for assistance with their bankruptcy application

Our Bankruptcy explained clearly
Contact us to learn more

Example Case

Typical case before an IVA
  • Debt owed by customer (credit cards, loans, store cards and overdraft) : £30,135
  • Number of creditors : 4
  • Monthly payments : £740
Typical case after an IVA (over 60 months)
  • New monthly payment : £340
  • Monthly saving : £400
  • Total payments : £21,100
  • Debts written off : £14,000
Typical IVA Fees
  • Nominees Fees: £1,700
  • Supervisors Fees: £2,800
  • Total Fees: £4,500

Example based on typical nominees fee of 5 monthly payments and supervisors fees of 15% of the monthly payments. Fees are incorporated into the monthly payments.

Our IVA fees explained clearly
Contact us to learn more

Essential Reading

Insolvency Service In Debt Guide Dealing with your Creditors Insolvency Service Guide To Bankruptcy
Debt Advice Online