Dealing with your debts - compare solutions

We know that when it comes to debt problems, everyone's situation is different. That's why we offer a comprehensive range of debt solutions - so you could find a way out of debt that's right for you.

Our expert debt advisers are on hand to give you the advice you need, so you can find the best way of dealing with your debts, at a pace you can afford.

Call us today on 0800 195 2911 for an expert opinion, or fill in your details in the form above to get a basic idea of what solution could be best for you - in just a few seconds.

Debt management

lower your monthly payments to a level you can afford

Repay your debts with a single payment per month, designed to fit around all your outgoings
We'll deal with your lenders so you don't have to
Get back in control of your unsecured debts without the need of a loan
Can affect your credit rating for up to six years
Can cost more overall due to interest, as you'll be in debt for longer.

Debt consolidation

simplify your finances

Lower your payments without damaging your credit rating
Consolidate multiple debts into one
You could reduce the interest to pay on your debt
Can be more expensive in the long term
Can take you longer to repay your debts in full

IVA

repay your debt in 5 years

Have single monthly payments that leave enough room for all your essential costs
An alternative to going bankrupt
Repay your unsecured debts in 5 years (in most cases)
Your credit rating will be affected for six years
If you're a homeowner, you may have to release some equity

DRO

a low-cost alternative to bankruptcy

Have your monthly repayments frozen for 12 months
Stop your unsecured lenders from taking legal action
Write off any included debts after a year
Your credit rating will be affected for six years
Your details will be recorded on the Insolvency Register

Bankruptcy

a way out of debt for people who simply can't afford to repay what they owe

A date when you'll know you'll be free of your debts - usually after 12 months
Protection from your unsecured lenders
A chance to make a new start with your finances once your bankruptcy has finished
Your home (if you own one) and valuable assets may be sold to repay your debts

Scottish solutions

If you live in Scotland and you're struggling with your debts, there are a number of approaches that are exclusively available to Scottish residents - depending on what situation you're in.

Trust Deed

debt help for Scottish borrowers with unmanageable debts

Have one monthly payment calculated to match your circumstances
An alternative to sequestration/bankruptcy
Pay off your unsecured debts in 3 years (usually)
Your credit rating will be affected for six years
Homeowners may be required to release some equity

DAS

smaller payments for Scottish residents struggling with their debts

Lower monthly payments that you can safely afford
Protection from your unsecured lenders
Interest and charges on your debts frozen
Your credit rating will be affected for six years
You'll be in debt for longer

LILA

route into bankruptcy

Enter bankruptcy without your lenders taking action first
Protection from your unsecured lenders
Write off your debts on successful completion (usually after a year)
Your credit rating will be affected for six years
Details will be entered on a public register

Get the debt help you need - whatever your situation

Taking action with your debts sooner rather than later could stop your problems getting any worse - and get you on the road to a debt-free future.

We understand that debt problems come in all different shapes and sizes, and the sooner you get some debt advice, the sooner you can get your finances back under control.

Get expert

debt advice

on 0800 195 2911

Apply for a free call-back

Debt solutions subject to conditions and acceptance. Credit rating may be affected. Fees payable if continuing services provided. Repaying debt over longer may increase the total amount to be repaid. Telephone calls may be recorded for training and quality purposes. Calls from BT landlines are usually free. Calls from other networks may vary and you should check with your network provider for full details of your service.

Looking for debt advice?

Speak to an expert adviser free on 0800 195 2911 or fill in the form and we'll call you back at a time that suits you.

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Debt help from our experts

"If you're in debt, don't face it alone. The right help can make all the difference."
Melanie Taylor - Debt expert

Debt FAQs

Debt advice & guides

What kind of debt problems are you facing?

I can no longer afford my agreed payments
I want to make my finances simpler
I can't afford to repay what I owe in a realistic amount of time
I have a low income and few assets - and can't afford to pay my debts
I simply can't afford to repay what I owe
I don't know how to deal with my debts

I can no longer afford my agreed payments

A debt management plan could be the ideal way of reducing your payments to a level you can afford - with expert help and advice along the way.

We will:

Negotiate with your unsecured lenders for lower monthly payments
Deal with any phone calls and letters from your lenders
Give you any expert advice you need while your plan is in place

If you're in this situation and you live in Scotland, the Debt Arrangement Scheme (DAS) could also help you reduce your payments to a level you can afford.

I want to make my finances simpler

A debt consolidation loan combines multiple debts into one - giving you one affordable payment to keep on top of per month.

Consolidating your debts means:

You'll have just one payment to budget for every month
You'll deal with just one lender
You'll be able to arrange payments you can afford

I can't afford to repay what I owe in a realistic amount of time

An IVA (Individual Voluntary Arrangement) could be the ideal way of repaying what you can afford towards your debts - and write-off whatever you can't on successful completion.

If you enter an IVA, you will:

Commit to make a reduced payment per month, calculated to leave enough room for your essentials
If you're a homeowner, your house will be protected - though you may need to release some equity during the final year
Have a date you'll be free of your debts - usually after 5 years

If you're a Scottish resident, a Trust Deed could help you in much the same way - though in most cases, a Trust Deed only lasts for three years.

I have a low income and few assets - and can't afford to pay my debts

A DRO (Debt Relief Order) could provide the best way of getting back on top of your debt problems if you can't afford to repay what you owe - and you also have a limited income and few valuable assets.

If you enter a DRO, you will:

Have your monthly payments frozen for a year
Be protected from any further action from your unsecured lenders
Have the portion of the debt you can't afford written off after 12 months

I simply can't afford to repay what I owe

If you find that you simply can't afford to repay your debts in any kind of timeframe, bankruptcy could be the answer.

Going bankrupt means:

You'll have a date you'll be free of your debts - typically after a year
You'll be protected from your lenders
You'll have a 'light at the end of the tunnel' for your debt problems

If you live in Scotland, and you need to go bankrupt but your lenders have yet to take action, the LILA (Low Income, Low Assets) route into bankruptcy could be your best approach.

I don't know how to deal with my debts

Losing control of your finances can be difficult to face - but easily done. If you're struggling to cope with your debts but you aren't sure how to tackle them, getting some advice could really help you.

We provide expert advice without any obligation - so you can be confident you're getting the help you need from a company you can really trust.

Speak to one of our experts on 0800 195 2911 or leave your details with us and we'll get back to you.

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Debt advice news

Get debt advice you can trust
More affordable monthly payments
Regain control of your finances

Get debt help today: 0800 195 2911

Try our debt solution finder

Answer a few simple questions and find out which debt solutions could help you, based on your circumstances.

Please remember, this is just an information tool. We would always recommend you speak to a debt advisor for the most appropriate way to resolve your debt problems.

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