Our online debt advice tool will recommend ways to deal with your debt based on: Your circumstances Where you live Debt solutions include: Debt management plans (DMP) Individual voluntary arrangements (IVA) Bankruptcy Debt relief orders (DRO) If you live in Scotland, there are: Trust deeds Debt payment plan through the Debt Arrangement Scheme (DAS)
We will tell you about the debt solutions available to you. If you can afford to repay your debt within 10 years, we will usually recommend a solution where you repay your debts. If you cannot, we will usually recommend a solution that will write off some or all your debt. We will support you with any debt solution if it meets your needs. But choose the solution you feel is best for you.
Our online tool matches the experience you can get if you give us a call. We help you create a personal budget and take details of your debts. We then use this information to work out your options. You will get a personal action plan explaining what to do next.
You will get a personal action plan. This gives you clear and practical advice about how to deal with your debts. We will also provide simple steps for you to follow to get things started.
It depends on your debt solution. If you are on debt management plan with another provider, you can change providers whenever you want. So you are very welcome to use our debt advice tool. If you currently have an individual voluntary arrangement or trust deed you have signed up to a legal agreement. Because of this we recommend you talk to your insolvency practitioner before getting debt advice. They should be able to review your situation if you can’t afford the monthly payments. You can ask them to talk you through your options if you are not sure it is working for you.