UK Wide Debt Advice Charity
Call us at 0800 085 0226
E-mail: contact@debtsupporttrust.org.uk


Debts Written Off

Can You Really Write Off Debt?

The truth is that many people are misled by the thought they can simply write off debt. When in truth, not everybody can, or would want to enter a solution where they repay a proportion of the debt they owe. There are some debt solutions where you can write off the debt you cannot afford to repay so we're going to explain when and why you would want to enter these solutions and also who would not be applicable.

To check if you qualify for a debt write off solution call 0800 085 0226 and a charity adviser will help you. Alternatively, please complete the debt analyser below.


Debt Solutions to Write Off Debt

Worried About DebtOur charity receives thousands of calls from people in need of debt advice and each person is provided with tailored debt advice. Everybody wants to be debt free again but in some instances, people specifically want to write off their debt.

The solutions where a person may not repay all of their debt would be insolvency solutions. The solution would last for a fixed period of time and at the end of the solution any debt not repaid would be written off.

The debt solutions where this would happen would be an IVA, Trust Deed in Scotland or Bankruptcy.


When entering an insolvency solution, like an IVA, bankruptcy or a Trust Deed in Scotland, you must remember that assets are considered too. So, if you owe a car which has equity in it, usually above £3,000, or if you have equity in your home then this would be reviewed under an insolvency solution.

Debts Written Off

There are several solutions to debt which should be considered, but not all will write off debt. At Debt Support Trust we always explain why we would not recommend a solution as well as providing you with information on every available debt solution for you.

An example of an insolvency solution where debt may be written off would be if a husband and wife, living in England, collectively owed £40,000. The husband works while the wife cares for the 3 young children. The household has an income of £1,700 after tax every month and they live in rented accommodation. The family have no assets with any equity. The family expenditure every month is £1,400. The family is contracted to pay £800 every month in repayments to their debt, however they only have £300 available. This means each month they are getting further and further into debt and can't get debt free.

The indebted individuals would be able to enter a debt solution which would enable them to repay a percentage of their debt with any remaining debt being written off.

A debt management plan would last for 11 years at best. This debt solution would mean all of the debt would be repaid with no debt written off.

An IVA is a debt solution which is suitable for the couple. They could jointly enter the solution and make a £300 payment towards their debt for 5 years. At the end of the solution any debt which had not been repaid would be written off.  Over 5 years the couple would repay £18,000. The licensed insolvency practitioners would take their fees from this money and the remaining money would be shared amongst the creditors. All interest and charges would be frozen in an IVA and written off at the end of the solution as long as the monthly contributions were paid as per the arrangement.

Bankruptcy would also be applicable for the couple but would be entered individually. The husband would most likely be asked to make regular monthly payments in bankruptcy towards their debt. Because the wife is not working and is in receipt of benefits she would typically not be asked to make any monthly payments. If the couple did not qualify for a debt relief order then the cost to enter bankruptcy is £700 each. The bankruptcy would last for one year but the monthly payments would last for three years under what is known as an Income Payment Order. Any debt which had not been repaid would be written off at the end of the solution.

The debt management plan, IVA and bankruptcy would have a negative impact on a person's credit file, so this should be considered too before entering any debt solution.

If the couple lived in Scotland then they may be suitable for a Trust Deed. The couple could not enter a joint Trust Deed in Scotland so it would have to be two separate Trust Deeds. But, this would depend on the split of debt and it may be that the couple should enter different debt solutions.


When Would Writing Off Debt Not Be Suitable

The IVA or Bankruptcy may be the best solution for some people but in many cases we as a charity advise against it. This is because financially it doesn't make sense.

Under an IVA or Bankruptcy any equity in an asset must be released and passed to the insolvency specialist. So, if the couple above were living in a mortgaged property where the mortgage was £100,000 but the property was worth £250,000 then there would be £150,000 worth of equity. If the debt was £40,000 then Bankruptcy or an IVA would not be the right solution. Instead the best advice would be a debt management plan or to sell the house and downsize to repay all of the debt.

There would not be the opportunity to write off debt in this instance because the couple could reasonably afford to repay all of their debt.

Frequently we hear from people who have been advised to enter an insolvency solution and told they can write off their debt. The fact is that for many people it's not the right advice and could see them lose their assets.

If you've been told you can write off debt but you're not sure if it's the correct advice then get a second opinion from a charity. You can call Debt Support Trust on 0800 085 0226 or alternatively you can visit your local Citizens Advice Bureau for face to face debt help.

If you need help to decide which debt solution is best for you then why not complete our confidential online debt analyser. After completing the questionnaire which lasts for approximately 10-15 minutes it will give you a better idea which debt solution route is right for you.

Monday, January 14, 2013
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Debt Help in England, Wales & Northern Ireland

Debt advice should always be tailored and specific to a person's personal and financial situation. There are different debt solutions for people living in England, Wales and Northern Ireland, compared to people living in Scotland.

Because of this we've focussed our latest blog story on the debt solutions available in England, Wales and Northern Ireland.

Our charity helps people across the UK with expert debt help and support. For debt advice call 0800 085 0226 to speak to a friendly advisor or complete our debt analyser for online advice.


Debt Help in England, Wales & Northern Ireland

There are a variety of debt solutions available to people with debt problems. These debt solutions are defined as formal or informal. The difference between the two types of solutions is important.

An informal debt solution is more flexible in nature. This means that if you did not want to continue the debt solution then you could cancel, usually with one month's notice. If somebody was managing the debt solution on your behalf and you cancelled the agreement then you would be responsible for making payments to each creditor. An informal solution will not provide you with any protection from your creditors.

A formal solution will provide protection from your creditors, unlike in an informal solution. So, if a creditor were to accept your formal debt solution then you would both be bound by its terms. A formal debt solution will last for a set period of time, at the end of which any debt which had not been repaid would be written off. The length of the solution will depend on the formal debt solution in England, Wales or Northern Ireland.

English, Welsh & Northern Irish Debt Solutions

There are various routes to help deal with debt problems if you live in England, Wales or Northern Ireland. To understand the correct debt solution for you it's important to seek professional debt advice.

Some of the debt solutions that exist are:


Token payments: When cashflow is a problem then it can often be best to negotiate with the creditors to make token payments towards the debt for a short period of time. This means you won't be making your contractual payments but will be repaying some of the debt each month. If you are unemployed or have a low income then this is often the best route.

Debt management plan: A debt management plan is a debt solution for people in England, Wales and Northern Ireland whereby a monthly payment is made to one company who will then distribute the money on a pro-rata basis to each creditor. The interest and charges will be asked to be frozen, however this is not mandatory in a debt management plan. The monthly contributions are made each month until the full amount is repaid. Remember, there are free debt management plans available so you don't have to pay set up fees or monthly management fees.

Full and final settlement: Another solution which you may be applicable for is a full and final settlement. If you have a lump sum of money available - but not enough to clear the full amount of the debt - then you can speak to your creditors about a pro-rata full and final settlement. This means you will use the money to repay a percentage of the debt with each creditor happy to write the rest of the debt off. For instance, if you could repay 70% of the debt in one lump sum then the creditor may be happy to write off the remaining 30%. Ensure you get the agreement from each creditor in writing before proceeding to make payments.


IVA: An IVA is a debt solution specific to people living in England, Wales and Northern Ireland. The IVA would allow somebody to put a proposal to their creditors, which if accepted, would mean one monthly payment is made towards the debt, usually for 5 years. At the end of the debt solution any debt which had not been repaid would be written off. Equity in an asset will be considered within an IVA so if you own a house which has equity this may not be the right solution for you.

Bankruptcy: Bankruptcy is a one year debt solution but you may be asked to make payments towards your bankruptcy for up to 3 years. Bankruptcy can affect your employment and assets, such as your house so be sure to seek professional debt advice before proceeding with this solution.

All debt solutions, whether formal or informal will have an impact on your credit file. Some debt solutions may impact your house, car and other assets while some can be detrimental to your job. Always seek debt help from a charity before proceeding with any debt solution.

Debt Help from a Charity

If you're struggling with debt don't suffer alone. Experts are available right now to help guide you through the process of becoming debt free.

You will make all of the decisions over which debt solution you ultimately choose, but we can explain the process of entering each solution, the positives and negatives of each route to become debt free and what it would mean specifically for you.

You can telephone for advice on 0800 085 0226 or email us at contact@debtsupporttrust.org.uk.

Thursday, January 10, 2013
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Christmas Debt Help

Christmas is over and for many it's time to deal with their debt problem.

Each year, after Christmas and New Year Debt Support Trust will be at its busiest. We will help thousands of people during the months of January, February and March as people aim to find a resolution to their debt problems.

Whether it's a New Year's resolution to get debt under control or if you were just waiting to get Christmas out the way before seeking professional debt advice, at Debt Support Trust our charity is on hand to help.

New Year New Financial Start

It's often a New Year goal to become debt free in 2013. For a lot of people we help at Debt Support Trust, they have been in debt for years and can't face another year struggling to pay the bills and survive financially. They need help to break the cycle.

So, in order to help we need to understand the situation. To do this we ask about a person's income, expenditure and their debts. This helps to create an understanding of where the problem is.

Debt problems exist for many reasons and they vary for different people. The interest on debt can be the problem whereby the debt has become so severe that they can only afford the interest payment on the various debts. This means the debt isn't being cleared and a debt solution is required.

For other people, they have little or no money to be able to make the monthly interest payment towards their debts. In this instance we can help with a debt solution or to negotiate with creditors to make token payments.

Debt solutions will affect your credit rating and should be entered cautiously, however they can also help people in debt become debt free again.

Debt Solutions For 2013

If you want to become debt free in 2013 you can take the first step by seeking debt help today. There are charities available to help you become debt free. If you would like help from Debt Support Trust you can call us on 0800 085 0226.

Becoming debt free can take a number of years to accomplish, however, the negative aspects of being in debt, such as bailiffs at your door or threatening letters from creditors will be resolved quickly. Debt solutions aim to place you on a path to once again become free of unsecured debt. This includes debt such as credit cards, payday loan, overdrafts, store cards among others.

If each debt solution you will be asked to pay what you can reasonably afford. The debt solutions that may be applicable include:

Debt Management: A debt management plan is an arrangement between a person in debt and their creditors whereby they agree to make an affordable monthly repayment towards the debt. Interest and charges could be frozen.

Debt Arrangement Scheme: Similar to the debt management plan but is only available for people in Scotland. This solution is formal because it can protect somebody in debt from their creditors and help establish a legally binding repayment plan.

IVA: For some people IVA debt help is the best debt solution to help them become debt free. An IVA usually lasts for 5 years and at the end of the solution any debt which has not been repaid will be written off. This solution will consider equity in assets, such as a house, so speaking to a debt advisor is essential before deciding to proceed with this solution.

Trust Deed: Similar to an IVA, but for people in Scotland. The Trust Deed usually lasts for 3 years where a monthly payment is made towards the debt. Any debt remaining at the end of the solution is written off.

Bankruptcy: There are various routes to enter bankruptcy but it is one route to become debt free. Seeking professional debt advice is essential before entering this solution as it can affect your job, house, cars and other assets.

Get Debt Help in 2013

If you want to make 2013 the year you take the step towards becoming debt free then speak to a friendly advisor at Debt Support Trust. We listen to your situation in order to understand and recommend solutions to help you become debt free.

The telephone call will last for between 15 and 30 minutes and at the end you will have all of the appropriate debt solutions and be able to make an informed decision about how to become debt free.

You can call Debt Support Trust on 0800 085 0226.

Monday, January 07, 2013
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Who Can Help: The Debt People in Our Charity

Our charity is a telephone and internet based support service which operates across the UK, Monday to Friday 8am - 7pm.

You can get immediate debt help online via our debt analyser and receive a follow up telephone call from one of our expert debt people.

Debt Support Trust comprises predominantly of volunteers and supporters who wish to help provide a high quality standard of debt advice. The volunteer who records your information will be very friendly, sympathetic and supportive to help resolve your debt problem. The debt people who provide our debt advice are experienced and able to explain fully every debt solution you would be applicable for.


Our Debt People

The debt people in our charity have spent years training to provide debt advice. We provide constant training and updates as legislation and rules change. The advice is instant from Debt Support Trust. If you call us today we will be here to help take you call. After completing an income and expenditure we will be able to give you debt advice there and then.

The people at Debt Support Trust dispensing the debt advice have a variety of backgrounds and a wide range of experience. The primary purpose for providing the advice is to help you become debt free.

Confidentiality in Debt Advice

At Debt Support Trust confidentiality is extremely important. Any information we gather is stored safely within our password protected database. The information is not sold, distributed or shared with anybody without your permission.

Everything you discuss on the telephone with our debt people is recorded, but again this is for training and monitoring purposes and will never be shared.

How do the Debt People Decide on the Right Debt Advice?

When we decide on the appropriate debt advice for you it's essential our debt people do so with great care. Our debt specialists have to consider the impact of the debt solution on your assets, such as your house and cars.

We also think about whether it's going to be practical long term to complete the debt solution, so as there is a definitive 'light at the end of the tunnel'.

There are plenty of debt solutions available and depending on your circumstances, we will explain all of the suitable debt solutions. To speak to a debt expert from Debt Support Trust please call us on 0800 085 0226 or complete our debt analyser.


Thursday, December 13, 2012
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Payday Loan Companies Face Crack Down

Members of Parliament have created a new law which will give industry regulators the power to cap the annual interest rate payday lenders can charge.

Prior to this ruling some payday lenders are charging up to 5,000% annual interest on their loans. The demand for Payday loan companies has increased as the availability of other more affordable credit has been reduced. However, this form of credit comes with a warning.

Borrowing £100 and repaying £125 seems like a great deal for a short term debt problem, however, the average payday loan is considerably larger (£300). If this debt is not repaid on time then there are fees and charges which will be applied. Over a short period of time the debt can swiftly increase if it's not repaid on time.

The Financial Conduct Authority will have the responsibility to cap fees and charges but these are not likely to take place until 2014. However, there are no plans to minimise the number of rollover periods.

Don't Borrow For Christmas

With Christmas just around the corner it's expected record numbers of people are going to borrow money from a payday lender to afford their Christmas.

The short term benefit of Christmas can often mean months of repaying the debt, or worse still, to afford the payday loan you may have to borrow on top of debt. This means that the debt will only grow.

The period between January and April are our busiest at the charity providing debt help. If you're expecting a Christmas debt problem then get in touch with Debt Support Trust and we will help you resolve your debt problem and discuss suitable debt solutions.

You can get in touch with Debt Support Trust about a payday loan, or other debt, by telephoning 0800 085 0226.

Tuesday, December 11, 2012
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Bankruptcy and Divorce

Bankruptcy and Divorce: A Guide to Understanding what Debt and Divorce can mean for you.

Being in debt can place an enormous strain on relationships with friends, family or your wife or husband. This can lead to problems with social relationships and even be a catalyst for divorce.

When divorce occurs it's a very difficult time. Bankruptcy and divorce is a problem which many couples wish to rectify quickly and understand how the debts will be resolved.

Divorce can occur and the financial change can be costly. This can mean bankruptcy takes place after the divorce. Alternatively, bankruptcy can happen before or during the divorce proceedings.

We discuss all of the different scenarios to give you a little more information. If you want specific information about Bankruptcy then please visit our bankruptcy page.

Divorcing and Assets?

When divorcing there is a dividing of assets and each person will be given their fair share. It's important to realise that our charity is not an expert in divorce, but instead we can give you guidance and support if you are divorcing and there is also debt.

Usually the marital home will be where the main asset will exist. The house may have equity which could be used to pay unsecured debt. If one person is planning to remain in the marital home but there is equity, then this can often become a difficult matter.

For instance, if a husband and wife divorced and the wife was remaining in the marital home with the children and the husband was leaving, then any equity in the house would need to be considered. Should the husband decide to enter bankruptcy and the property has equity about £5,000 which would belong to the husband then the Official Receiver in bankruptcy would want to release this, either via a third party buyout or via selling the property. This means the wife wouldn't necessarily have to sell the house but she would need to purchase the husband's share of the equity.

It's always best to get specific, tailored debt advice for your situation from a qualified debt advice. Why not call us today on 0800 085 0226 for more information about divorce and bankruptcy?

Who is liable?

In short, the person liable for the debt is the person who took the money out in their name. If one person borrowed credit but both parties used the credit then the person who borrowed the money would be liable to repay it.

What about joint debts?

Often couples will have joint debts which they have to manage during and after divorce. Each party is liable for the full amount and often couples will agree to split the payment so as the full £20,000 is repaid without default.

If there is a joint debt and one person can't repay the debt or they decide to enter bankruptcy, then the other person will be liable to repay the full amount. So, if a husband and wife jointly borrow £20,000 from the bank, then each individual will be liable for £20,000. If the wife enters bankruptcy then the husband will be liable for the £20,000. The bank would pursue each person for the full amount.

Is my husband / wife liable for my debt?

A popular question when people are divorcing is whether or not the other party would be responsible for their partner's debt. A credit card, personal loan, store card etc is typically in one person's name. This means that the person who borrowed the money is liable for the debt.

Debt Advice about my Divorce

If you think bankruptcy may be your only option and you are considering divorce or you have a debt problem which arose because of your divorce, then our debt advice charity can help.

You can get immediate and confidential debt help today from Debt Support Trust by telephoning 0800 085 0226. Our friendly debt advisor will be glad to provide you with tailored advice on your money problems.

Wednesday, December 05, 2012
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Advice on Debt Management

We asked Liam from Manchester to explain his thoughts on asking for advice on managing debt based on his own experience. We helped Liam to manage his debts in a structured plan. The debt management plan enables Liam to pay one monthly payment to one company and some of the interest and charges were even frozen.

If you would like debt help then speak to a debt advice charity. Debt Support Trust has helped thousands of people in the UK with their debt problems. You can call us on 0800 085 0226 to take the first step.

Getting Advice on Debt Management: Liam's Story

I never thought managing debt would be difficult. I'm 29 years old, I own a small car, work full time and live in a rented flat with my wife. So, I decided I wasn't suitable for debt help.  My debt was only £7,000 but I just couldn't make the payments.

I figured I was spending too much and decided to sit down, write out my income and expenditure and understand once and for all where all my money was going.

I had balance transferred my debts multiple times before realising I couldn't get any more deals. I was stuck on the current credit card. My minimum payment to my debt each month is about £300. When I reviewed my income and expenditure I realised, that without any "fun money" I only had £150 that I could afford to pay towards my debt each month. I had been borrowing money from friends and family, or adding more to my credit card, in order to meet my payments.

I needed advice on debt.

Advice for the Debt Management Solution

I realised then I had a problem which could only ever get worse.  I needed to draw a line in the sand and get help. A company contacted me about a debt management plan and I looked into the solution knowing I needed more advice on debt management.

The debt management plan seemed like a brilliant option. It was flexible and affordable each month and I would be debt free eventually. The interest and charges weren't guaranteed to be frozen, but they would ask. Some of my interest and charges were frozen in the end.

The only problem was that the company were going to charge me a setup fee and a monthly management cost. I worked it out that my debt management plan would take a year longer because of all the fees and charges. So, I looked about for advice on a debt management solution where there were no costs or fees.

Free Advice about Debt Management Solution

The debt management advice from Debt Support Trust was free as they are a charity. I called the free phone number (0800 085 0226) and spoke to an advisor. They took me through all of my options and ensured I got a free debt management plan. They agreed the debt management would be the best option.

I didn't have to pay for any advice on debt management or for the setup of the debt management plan.

I should now be debt free in a little over 4 years!

Wednesday, November 28, 2012
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Solutions for debt

There are different solutions for debt available and in many cases people will have two or maybe three options on the best route out of debt. The best solution for debt will depend on an individual's personal and financial situation, which is why tailored debt help is essential.

Debt Support Trust is a registered charity and can provide tailored debt advice. For free debt advice from Debt Support Trust please telephone 0800 085 0226 or complete our debt analyser below.



What are the solutions for debt?

The various options to become debt free will depend on your personal circumstances and also your financial situation.

For instance, some debt solutions require you to repay money towards your debt, but if you are unemployed it's likely you will not be able to do this. So, before we look to provide tailored advice we like to get to know you better so as we're providing accurate debt advice.

The solutions for debt will vary depending if you live in England, Wales or Northern Ireland or if you reside in Scotland. This is because there are different laws which govern debt solutions in each part of the UK.

England, Wales & Northern Ireland

Debt Management Plan




Debt Arrangement Scheme

Protected Trust Deed


Which is the best debt solution for my debt?

The solution you enter to deal with your debt problem will ultimately be your decision but by speaking to a qualified debt advisor at Debt Support Trust you can discuss the positives and negatives of each available solution. Advisors at Debt Support Trust will discuss why each solution is applicable and how you can enter the solution.

When you speak to Debt Support Trust we explain each debt solution in detail and you can ask questions about the solutions so you better understand the solution. This means you can make an informed decision about the best route forward.

Debt advice solutions to debt

Our advice is free, confidential and you are under no obligation to proceed with our recommended solution. Debt Support Trust is a registered charity and is open Monday to Friday between 8am and 7pm.

If you would like to speak to a debt advisor for free please call 0800 085 0226 or complete our debt analyser for online debt advice.


Tuesday, November 13, 2012
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Government Debt Solution

With increasing numbers of companies advertising about "Government-backed" debt solutions we've decided to write an article to clear up the confusion.

Some debt solutions are described as formal, while others are informal. When entering into an informal debt solution, a request is made to freeze or reduce interest and charges, however this cannot be guaranteed.

An informal debt solution, such as a debt management plan, will continue until all of the debt has been repaid. It's informal because either you or your creditors can start and stop the agreement with one month's notice.

A formal debt solution uses British laws to set an arrangement in place which both you and your creditors are bound by. Laws are created by Government, however, the Government is not backing people entering the solution.

IVA Government Help

A debt solution which is sometimes considered as a Government debt solution is an Individual Voluntary Arrangement (IVA). The IVA is a formal debt solution which enables somebody with debt problems, and who meets the criteria, to repay a percentage of their debt over 5 years. At the end of the solution any debt which has not been repaid, along with interest and charges, will be legally written off.

This formal debt solution provides the legal protection from your creditors. The Government is not endorsing this solution or recommending it, however the Government has created the laws by which the solution is managed.

An IVA is not a debt solution to enter lightly, so comprehensive debt advice should be sought before proceeding with this solution. You can speak to our debt advice charity advisors on 0800 085 0226.


Trust Deed Scotland Government

The IVA debt solution is only available in England, Wales and Northern Ireland. In Scotland, the equivalent debt solution is a Trust Deed.  The Scottish Trust Deed usually lasts for 3 years and is similar to the IVA. Any debt, interest and charges which have not been repaid at the end of the solution will be legally written off.

Once again, the Scottish Government is not backing this debt solution but the Trust Deed is governed under Scottish law, which helps guarantee that you will have legal protection from your creditors.

Bankruptcy Government

Bankruptcy is also a formal debt solution which offers the legal protection from creditors. There are positive and negatives of entering bankruptcy but the Government does not encourage people to enter this solution.

The legislation which is in place ensures that a person entering bankruptcy can eventually be discharged and debt free again. Please seek professional debt advice from a charity before proceeding with a bankruptcy debt solution.

Charity Advice on Government Debt Solutions

If you would like more information about debt solutions and whether the Government is backing them, please telephone Debt Support Trust. We are a registered debt advice charity helping people throughout the UK.

You can call Debt Support Trust free on 0800 085 0226. Alternatively, if you would like confidential online help please complete our debt analyser below.


Thursday, November 08, 2012
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Help Me With Debt

Speak to debt charity, Debt Support Trust, free on 0800 085 0226 if you need help with your debt problems.help-me-with-debt

If you're suffering with debt then this advice page will give you a number of options. You can get quick and immediate debt help right now by completing our debt analyser form or by telephoning 0800 085 0226.

There are lots of ways to become debt free and we can help you find yours, whether you're looking to find out how to get an IVA or have a question about debt management, we're here to help.

Advice is confidential, free and impartial.


Debt Help Advice

At Debt Support Trust, our charity volunteers and advisors get to know you before trying to help with debt problems. We understand your situation so as our debt advice will work long term to help you get out of debt and stay debt free.

That's why one solution doesn't suit everybody. What's right for one person, may not be best for another. But don't worry, we always provide every available debt solution to help you make an informed decision about your debts.

Help Me With Low Debt Problems

Small debts, which are described as debts under £10,000, can often be more difficult to clear for some people than larger debts. But with our charities support, we'll be able to help you with your debt worries.

There are a range of debt solutions which can help for people with low debt, such as a debt management plan. The debt management solution helps repay all of the unsecured debt (credit cards, personal loans etc) but just over a longer period of time.

For help with your debts, please telephone Debt Support Trust or complete a debt analyser form.


How Do You Get Out Of Debt?

One solution to debt is an IVA? An Individual Voluntary Arrangement is a debt solution for people who have debt above £12,000 and are unable to meet their contractual payments as they fall due.

The IVA will:

  1. Help you become debt free, usually within 5 years
  2. Allow you to pay one monthly payment to one company
  3. Freeze interest and charges
  4. Help you become debt free

The full benefits and the negatives of an IVA are on our IVA page.

How Do I Get An IVA?

There are various stages to be accepted for an Individual Voluntary Arrangement. The first stage is to understand if the solution is right for you. The IVA can have positive and negative attributes and should never be entered without professional debt advice being sought. If you would like to check if an IVA would help with your debt problem, please call 0800 085 0226.

As Debt Support Trust we are a registered debt advice charity providing professional support to help you with debt problems, so we must give you every possible debt solution. You can then decide which debt solution will be best for you.


Charity Debt Support Advice

Call Debt Support Trust today to help you with your debt problem on 0800 085 0226. We are open from 8am to 7pm Monday to Friday.

Thursday, November 01, 2012
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