Debt Management

You have LESS than £15,000 of unsecured debt, this may be a suitable solution for you to get your debts under control. It is coordinated by a specialist company on your behalf and provides a structured repayment schedule.

The amount that you repay each month is usually based on what you can afford. It is paid by you to the debt management company and then divided fairly between your creditors. The Debt Management company will then be distributing your payments for you.

IVA

You have OVER £15,000 of unsecured debt, this may be a suitable way of taking control of your finances.

Set up by a specialist company, an IVA is an arrangement on your behalf with your creditors as an alternative to bankruptcy. In exchange for the creditors accepting regular payments over a fixed term, they agree not to pursue bankruptcy.

Balance Transfer

Credit card balance transfer simply means moving your debt from one card to another.

It's often a good way to save money, as many credit card companies offer an interest free period on balance transfers to new customers.You can even consolidate your debts by transferring the balance from more than one card. Or, you might find a lower interest rate than the one you are currently paying.

If you have debts on credit or store cards, shifting to a new card with a special ‘balance transfer' offer could be very beneficial. The cheaper, possibly 0% interest rate, means more of your repayments go towards clearing what you owe than servicing the interest. Fast tracking you to become debt free quicker.