Debt problems usually start because of an unexpected
change in circumstances. For instance, divorce, separation, loss of
job or an over reliance on credit brought about over time. Whatever
the reason for requiring debt advice, Debt Support Trust is here to
provide free and confidential debt help.
Our debt advice section is designed to list
options which can help you with your debt problems. If you would
like more information about the debt solutions please visit our
Can We Help section.
There is a difference between unsecured and secured credit.
Unsecured credit includes personal loans, credit cards, store cards
etc. This credit is not guaranteed against any of your assets (like
a house or car).
A secured loan, like a mortgage, is protected against your
asset. If you default on a secured loan you could lose your asset
and be liable for any costs. However, unsecured debt is
Our qualified debt advisors and friendly volunteers help with
your debt problems and provide debt advice.
Debt Free Advice & Help
If you have a debt problem then debt advice can help. Often
getting a different perspective of the problem from professional
advisors can make all the difference. We always recommend speaking
to a debt advice charity, such as Debt Support Trust, or for face
to face advice, we recommend visiting your local Citizens Advice
For immediate debt advice you can complete a debt analyser today
by clicking the link "Analyse Your Debt".
Telephone Debt Advice
For telephone debt advice from Debt Support Trust you can call
us free on 0800 085 0226. If you are calling from
a mobile please let us know and we will call you back.
Debt Advice Tailored Help
Debt Support Trust help people across the UK, whether you live
in England, Wales, Scotland or Northern Ireland. Debt solutions in
England, Wales and Northern Ireland are different to those in
You can read about your best debt solution by reading the short
captions below and clicking through for more information about each
Debt Advice in England, Wales and Northern Ireland
Debt Management Plan is an informal solution
which enables you to repay all of your debt but over a longer than
agreed period of time. In many instances you may be able to get
your interest and charges frozen. The informal nature of a debt
management plan means either you or your creditors can stop the
solution at any stage.
An Individual Voluntary Arrangement
(IVA) enables you to repay an affordable amount towards your
debt each month for 5 years. There is strict criteria to be
accepted for an IVA. To enter an IVA your debt level should be at
Bankruptcy can be the right debt solution for
some people. In many instances people entering bankruptcy will have
to make a contribution towards their bankruptcy for 3 years. This
is why receiving professional debt help is important to review your
options. You may also qualify for the Debt Relief Order route to
Debt Advice in Scotland
The Debt Arrangement Scheme is a Scottish debt
solution which allows you to repay all of the debt you owe and
freeze interest and charges. You must be able to repay your debt
over an appropriate period of time.
A Protected Trust Deed is a formal debt
solution which allows you to repay what you can afford over 36
months. At the end of the solution any remaining debt is cleared.
There is specific criteria to be suitable for a Protected Trust
Deed such as unsecured debt of at least £10,000.
Sequestration / Bankruptcy in Scotland is different to England,
Wales and Northern Ireland. There are various routes to make
yourself bankrupt including the Low Income Low Asset (LILA) and
Certificate of Sequestration route.
Debt Advice: What is the correct debt solution?
The correct debt solution for you will depend on multiple
factors, for instance
- How will the debt solution affect your credit rating?
- How long do you want to be repaying your debt?
- Do you want a formal or informal debt solution?
- Will the debt solution impact your job?
- Could the debt solution impact on your assets like your house
- Are you able to contribute anything towards your debt
A qualified debt advisor can provide debt advice based on your
financial situation and personal circumstances. You can get debt
advice from Debt Support Trust by telephoning 0800 085
Get debt help by completing our debt analyser today.
Debt Advice Features
We have written some special features below. You can read this
debt advice for more specific information about debt.