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Debt Advice Starts Here...

Take the first steps to becoming debt free today by completing our enquiry form. Get in touch and find out how we can help resolve your money worries.

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 help, we are here to provide free and confidential support.

Our debt advice section is designed to list options which can help you with your money worries. If you would like more information about solutions to your financial problem please visit our How 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 credit is different.

Our qualified advisors and friendly volunteers can help with your financial problems by providing advice specific to you.

Free Debt Advice

If you are facing problems due to financial worries then debt advice could be the answer. Often getting a different perspective from professional advisors can make all the difference. We always recommend speaking to a charity, such as ourselves, or for face to face support, we recommend visiting your local Citizens Advice Bureau.

For immediate advice you can complete our online analyser today by clicking the link “Take The Debt Test”.

Help With Money Problems

We help people across the UK, whether you live in England, Wales, Scotland or Northern Ireland. Solutions in England, Wales and Northern Ireland are different to those in Scotland.

You can read about the different routes out of debt in the short captions below and clicking through for more information about each solution.

debt advice

There are obvious benefits from receiving guidance from our charity advisors. When you call us we answer over 99% of all calls within 20 seconds. This means you can get immediate answers to resolve your financial problems today.

For telephone advice you can call us free on 0800 085 0226. If you are calling from a mobile please let us know and we will be happy to call you back.

Debt Advice in England, Wales and Northern Ireland

Debt Management Plan is an informal solution which enables you to repay all of what you owe 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 this solution 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 arrears each month for 5 years. There is strict criteria to be accepted for an IVA. To enter an IVA your debt level should be above £8,000.

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 advice is important to review your options. You may also qualify for the Debt Relief Order route to bankruptcy.

Financial Support in Scotland

The Debt Arrangement Scheme is a Scottish debt solution which allows you to repay your full arrears, whilst interest and charges are frozen. You must have the means to repay the total amount owed over an appropriate period of time.

Protected Trust Deed is a formal solution which allows you to repay what you can afford typically over a 48 month period. At the end of the solution any remaining balance is cleared. There is specific criteria to be suitable for a Protected Trust Deed such as having unsecured debt of at least £5,000.

Sequestration / Bankruptcy in Scotland is different to England, Wales and Northern Ireland. There are various routes to make yourself bankrupt including the Minimal Asset Process and Certificate of Sequestration.

What is the correct solution?

The correct solution for you will depend on multiple factors, for instance

– How will the solution affect your credit rating?

– How long do you want to be in the solution?

– Do you want a formal or informal arrangement?

– What impact will it have on your job?

– Could your assets like house or car be at risk from entering an agreement?

– Are you able to contribute anything towards your solution?

A qualified advisor can provide support and tailored solutions based on your financial situation and personal circumstances. You can get help from our charity by telephoning 0800 085 0226.

Get started on your road to being financially free by completing our debt test today.

Debt Features

We have written some special feature articles on topical subjects. If you have any questions and you need answers, we’re here to help.

Get In Touch For Helpful Financial Advice