Check now to find out how much debt you could clear with a UK regulated and approved debt solution. A solution such as an Individual Voluntary Arrangement could write off up 85% of your debt, freeze interest & charges and relieve pressure from creditors.
Use a UK legislated solution to clear up to 85% of debt. Freeze interest & charges.
Find the best and most appropriate debt solution available to you today.
We understand the position you are in and our advice is strictly confidential.
The quality assurance and service we provide are reflected in our customer reviews.
All our advisors are regulated to give full and final debt advice.
Here at Debt Advice Helpline we are sensitive to each person's unique situation and debt levels. We treat you as an individual and provide you with the most appropriate debt solution available. Our aim is to help you on your write off a portion of your debt and alleviate your money worries.
Seek debt help from regulated advisors like us and we will inform you of the best plan based on your debt level and income.
Simply answer a couple of questions about your debt and circumstances on our online form to start the process.
A qualified debt advisor will give you a call to discuss all debt solutions and explain how they work.
The qualified debt advisor will help you choose the right debt write off plan so you can regain control of your finances.
A Debt Management Plan (DMP) is an informal arrangement made with your creditors to pay a monthly amount that you can afford. Normally you will repay your affordable amount in monthly instalments until your debts have been paid in full.
An IVA is a legally binding agreement between you and your creditors. With the help of a licensed Insolvency Practitioner, you put forward proposals to creditors to agree to repay as much as you can reasonably afford, usually over 5 years, after which any remaining debt is written off.
A Debt Relief Order (DRO) is a low-cost alternative to bankruptcy as long as you have a low disposable income, low debts and low assets and you meet the qualifying criteria.
Bankruptcy is a formal insolvency route for individuals with debts that they cannot pay. Bankruptcy can have serious financial implications so is often the last resort and is usually applied for when no meaningful alternative can be offered to creditors.
Debt Advice Helpline is a trading style of UK Debt Advisors Ltd and is not a charity.
You will be provided whole of market advice in relation to your financial circumstances, regulated by the Financial Conduct Authority (FCA).
Debt Movement UK Ltd are committed to helping as many people as possible move out of debt. If the best solution is for you to be directed to a fee free service administered by a charity, you will be referred to them. There are no up front fees to pay in relation to the advice provided.
The Money Advice Service) which is a free service set up by the Government to help people make the most of their money. If you would like to learn more click here.
If you are struggling with money and have already defaulted on your payments, it is likely your credit rating has already been impacted.
Creditors update your credit file each month and where payments are less than the contractual payment, a default is registered which remains on your credit file for 6 years.
All debt solutions will impact your credit file, some more than others. Your advisor will be able to explain the impact of each solution on your credit file in more detail. By taking control now you will be able to start to rebuild your credit rating sooner rather than later.
There are no up front costs for a review of your financial circumstances and a discussion about your options.
If you have a disposable income (money left over from your income after all of your reasonable living expenses have been taken into account), it is likely that your chosen debt solution will require you to contribute this towards repayment of your creditors.
Depending on your chosen solution, there may be fees payable, but these may be incorporated into your monthly payments – you can find out more on the following links: Bankruptcy, Debt Relief Order, Debt Management Plan, Individual Voluntary Arrangement.
Not all debt solutions enable debt write off and your financial circumstances will be different from your friend, co-worker or relative who may have entered into a similar debt solution.
Debt Advice Helpline is a trading style of Debt Movement UK Ltd who propose and administer Individual Voluntary Arrangements (IVAs). From September 2020 – April 2021, 42% of our clients who successfully completed their IVAs received debt write off of over 85%.