Debt Advice

You may owe money on overdrafts, credit cards and loans. The interest on these may be piling up, adding to your problems. What you need is reliable and trust worthy advice on how to tackle your debts and regain financial stability.

In a majority of cases, debt advice is usually generic, however it does provide useful information of the types of solutions available and the one that could best work for you given your circumstances.

If you have serious debts, you can seek debt advice to understand if an IVA is the best way forward, or a Debt Management Plan is ideal to reduce monthly payments. Or if all else fails, whether Bankruptcy is the best way available.

However large your debts, a solution does exist for you, which is why you can contact our friendly debt advisors to seek debt advice and understand how you can repay your loans and gain financial stability.

Standard qualifying criteria

The only standard qualifying criteria is that you have outstanding debts that you are finding difficult to repay.

Depending on the amount of debt, outgoings, debt payments, arrears, your current financial situation and income, a debt advisor will be able to study your circumstances and advise you on whether an IVA or Debt Management Plan (DMP) are the best way forward or if declaring bankruptcy is the only option.

No matter which debt solution you opt for, be it IVA advice, Debt Management Plan help, or bankruptcy, remember that each has its own standard qualifying criteria. For example, to qualify for an IVA you must owe greater than £15,000. Your debt advisor should suggest the best solution, however there is no obligation to take the debt advice if you disagree.