Debt Repayment
We find the best available debt repayment solutions
Debt repayment can be achieved through various debt management options. One of our experienced debt management consultants will go through a detailed personal credit / review with you before going through the available debt repayment solutions There are various debt repayment options to help you consolidate your debt such as:-
- IVA – Individual Voluntary Arrangements for people in debt over £15000
- Bankruptcy
- Confidential Debt Management
- Trust Deeds for residents of Scotland
- Debt Consolidation Loans
- Administration Order for people with debts below £5000
Before deciding which debt repayment method is for you to find out what the total amount you will need to repay. Over the years we have heard “horror stories” of families having to pay back more than they owe under very expensive debt repayment schemes.
How to make a debt repayment plan
The first step in any debt repayment plan will be going through a budget sheet. You can either call one of our advisers for this or click on our Debt Budgeting Calculator, this simple budget calculator will help you work out how much money you have available each month. It will only take 2 minutes to complete. Your answers are completely confidential, and we won't see or keep any of your information. It may help you decide on which debt solution you want to take.
All you need to do for your debt repayment plan is to calculate two things:
- How much money you make (how much is coming in to your home).
- How much you spend and where.
Using our state of the art best advice model the advice team can provide callers with repayment plans in less than 10 minutes. Our systems are the powerful in the money advice industry for developing rapid debt repayment plans.
For advice on debt repayment call one of the debt advisers now on 0800 074 6918 or fill in the online enquiry form.
IVA's
The IVA Guide
Money Advice Direct 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 Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]