Debt reduction

Help with reduction of debt, subject to creditor approval.

The UK Insolvency Helpline are experts in debt reduction and consolidation in the UK. The advice that our counsellors provide on FREEPHONE 0800 074 6918 is 100% confidential and non-judgemental . Debt reduction advice will help you mean you will retain more of your disposable income rather than spending it on:-

interest charges
credit card debts
store card debts
unsecured loans
car loans
other debts

The debt advice team have several alternative debt reduction schemes that will consolidate and reduce debt. Some are government schemes and some are advice sector plans.

Please feel free to click on our debt reduction services below:-

Please note that for consumers considering a Bankruptcy Order, Individual Voluntary Arrangement (IVA) or Protected Trust Deed (PTD); that although the consumer may become debt free (subject to terms and conditions) at the end of the Bankruptcy, IVA or PTD period, the effect on their credit rating is likely to remain on file for 6 years. In addition the consumers / debtors name, address and birth date will become public knowledge on the governments “Individual Insolvency Register”. The individual insolvency register (insolvency.gov.uk/eiir/) allows anyone to check, quickly and easily, if someone is bankrupt or has taken out an "individual voluntary arrangement" (IVA).

Please note that for consumers considering an Individual Voluntary Arrangement (IVA) or Protected Trust Deed (PTD); that only unsecured debts are to be included e.g credit cards, unsecured loans and bank overdrafts. Please note that at the end of the period those debts that are not included such as secured debts, Government fines and child support payments will remain to be outstanding.

Please note that for consumers considering a Debt Management Plan (DMP), although the consumer may become debt free (subject to terms and conditions) at the end of the DMP period, if a default notice has been issued the effect is likely to remain on the consumer's credit profile for a lengthy time.

Please note that for consumers considering a Debt Management Plan (DMP), if interest and charges continue to apply then there will be an increase in the total amount of debt to be repaid and that due to lower monthly payments it is very likely that the debt will have to be repaid over a longer period of time.

We operate a well established money advice helpline in the UK, providing free-phone confidential debt advice to people who have unsecured debt or money problems. Please call FREE PHONE 0800 074 6918 for CONFIDENTIAL and NON-JUDGEMENTAL ADVICE on how to deal with debt problems.

You can get as much advice by calling our helpline for debt reduction advice which is FREEPHONE to call, on 0800 074 6918 , Callers to the service are under no obligation whatsoever to take up any debt reduction plan the debt unit recommend..

Disclaimer

Please note that in line with OFT debt management guidance The UK Insolvency Helpline Debt Advice Service does not provide nor administer debt solutions itself. Instead the service will put you in touch with a licensed professional to arrange the debt solution. Please also note that unlike most licensed insolvency practitioners, the licensed insolvency practitioners that consumers are referred or forwarded by The UK Insolvency Helpline for an IVA (Individual Voluntary Arrangement) to do not charge any upfront fees. This fee structure means that the monthly payments consumers make into the IVA will cover the payments to the creditors as well as the licensed insolvency practitioner’s fee for preparing, nominating and supervising the IVA. Finally, please note that where consumers are referred for debt management plans these services attract a fee.

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IVA's

The IVA Guide
The UK Insolvency Helpline has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.

In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]

What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit The UK Insolvency Helpline's Guide to Individual Voluntary Arrangements (IVAs).
[more...]

The UK Insolvency Helpline offers confidential and non-judgmental advice and will put you in touch with a licensed professional to arrange your debt solution. Please note that failure to adhere to a debt solution could result in further financial problems. Please note that whilst initial advice is free, fees may be payable depending on the solution provided. Please note that your home may be repossessed if you do not keep up with repayments on a mortgage or secured loan.

It is important that you find the right solution for your circumstances. You can also view a free publication from The Insolvency Service In Debt? Dealing With Your Creditors which provides an overview of some of the debt solutions that may be available.

Debt reduction

Help with reduction of debt, subject to creditor approval.

Please feel free to click on our debt reduction services below:-

Disclaimer

Debt Advice - Information Centre Menu

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