Our free advice could help:
We’ll find out more about your current situation and finances.
We’ll discuss all the solutions you could be eligible for.
We’ll advise on the best solution for your needs.
We’ve helped over 250,000 people find a way to deal with their debt
Was struggling to keep up
I was struggling to keep up with payments to my credit card and loan providers, it was literally leaving me with pennies after paying the monthly payments. After talking to this company it made my life so much easier and even left me with a lot of extra money each month.
Robin Lacy
The team is understanding, knowledgeable and willing to help
The team is understanding, knowledgeable and willing to help. I was in a total state of confusion not knowing where to turn. With the challenges I was facing at the time compared to now, I really can not thank you enough for your help.
Mr Camara
From stress to relief
Before the call I was so stressed, literally had nowhere to turn & wasn’t sure if my situation could be resolved as I felt I was just stuck in a rut with financial issues. Claire was fantastic, assured me she would do what she could to help, throughout the whole call she kept reassuring me & made me feel so much at ease. By the end of the call I felt so much relief & my financial stress was over.
Naheem Ali
Effortless personal experience
I spoke to Allison who was very helpful over the phone, she went through all of my options available to me without any judgement at all which was nice. Very personable phone manner and made the whole experience effortless. Very helpful.
Liam
The team are really supportive
The team are really supportive and helped me every step of the way, although I hardly had to do anything anyway. They have kept in touch to check on me regularly and make sure I am happy with everything and offered their support throughout. Couldn’t recommend them enough for those who are in stressful financial situations and need help.
Abbie
I spoke to Zahid
I spoke to Zahid and he explained everything to me , what options were available and helped me decide what would be best for me, the whole process was simple and straightforward and at an affordable monthly payment
Ruth Igiebor
Individual Voluntary Arrangement (IVA)
An Individual Voluntary Arrangement (IVA) is a legally binding agreement that could help you write off a percentage of your debt. Typically lasting between five and six years, this solution may be an option if you owe more than £7,000 in debt.
Debt Management Plan (DMP)
A DMP is an informal solution that reduces your monthly payments towards your debts. Your monthly payments will be based on what you can reasonably afford. You may consider this solution if you’d like to repay your debt in full.
Debt Relief Order (DRO)
A DRO is a solution that could help people with a low-income manage their debt. In 12-months you’ll clear the debt you’re unable to pay. You might choose a DRO if you owe less than £50,000 and don’t have any savings or valuable items.
Bankruptcy
Bankruptcy is a legally binding solution that allows people to clear all of the debt they owe. It should always be a last resort. All debts will be included in a bankruptcy, including mortgages, which means you’ll need to surrender your home to the agreement.
Trust Deed (Scotland)
A Trust Deed is a legally-binding debt solution for people who can’t repay unsecured debts. It involves making monthly payments for a period of four years, with the goal of repaying a portion of the debt while being protected from legal action. Remaining debts are written off at the end of the arrangement.
Debt Arrangement Scheme (Scotland)
The Debt Arrangement Scheme (DAS) is a Scottish government-backed initiative that offers a structured repayment plan for people facing unmanageable debt. You repay your creditors at a rate you can afford, via a Debt Payment Plan (DPP), and you’ll be protected from legal action while you do so.
Minimal Asset Process (Scotland)
The Minimal Asset Process (MAP) is a way of applying for bankruptcy. This solution allows people to write off debt they’d struggle to repay in a reasonable time. You may consider this if you have a low income and have little to no assets.
Sequestration
Sequestration is the Scottish term for bankruptcy. It’s a legal process that allows people to write off all of their debts. You may choose sequestration if you have no money to repay your debts and have little or no assets. However, it should always be considered as a last resort.
Individual Voluntary Arrangement (IVA)
An Individual Voluntary Arrangement (IVA) is a legally binding agreement that could help you write off a percentage of your debt. Typically lasting between five and six years, this solution may be an option if you owe more than £7,000 in debt.
Debt Management Plan (DMP)
A DMP is an informal solution that reduces your monthly payments towards your debts. Your monthly payments will be based on what you can reasonably afford. You may consider this solution if you’d like to repay your debt in full.
Debt Relief Order (DRO)
A DRO is a solution that could help people with a low-income manage their debt. In 12-months you’ll clear the debt you’re unable to pay. You might choose a DRO if you owe less than £50,000 and don’t have any savings or valuable items.
Bankruptcy
Bankruptcy is a legally binding solution that allows people to clear all of the debt they owe. It should always be a last resort. All debts will be included in a bankruptcy, including mortgages, which means you’ll need to surrender your home to the agreement.
Trust Deed (Scotland)
A Trust Deed is a legally-binding debt solution for people who can’t repay unsecured debts. It involves making monthly payments for a period of four years, with the goal of repaying a portion of the debt while being protected from legal action. Remaining debts are written off at the end of the arrangement.
Debt Arrangement Scheme (Scotland)
The Debt Arrangement Scheme (DAS) is a Scottish government-backed initiative that offers a structured repayment plan for people facing unmanageable debt. You repay your creditors at a rate you can afford, via a Debt Payment Plan (DPP), and you’ll be protected from legal action while you do so.
Minimal Asset Process (Scotland)
The Minimal Asset Process (MAP) is a way of applying for bankruptcy. This solution allows people to write off debt they’d struggle to repay in a reasonable time. You may consider this if you have a low income and have little to no assets.
Sequestration
Sequestration is the Scottish term for bankruptcy. It’s a legal process that allows people to write off all of their debts. You may choose sequestration if you have no money to repay your debts and have little or no assets. However, it should always be considered as a last resort.
Carol – July 2024
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* Reviews for the Creditfix Group
Getting debt advice can be a positive way to manage what you owe. However, it’s important to be aware that while advice is free, fees may apply if you decide to enter into a debt solution. Debt solutions are subject to eligibility criteria and can negatively affect your credit rating.
The advantages and disadvantages for each solution can be found here.
An advisor will discuss all considerations with you in full to help you make an informed decision on how you choose to proceed.
If you’re struggling with unsecured debt, such as credit cards, loans or utility bills, you may consider a debt solution to manage what you owe. It’s important to be aware that there are many solutions available, each with its own eligibility criteria.
Before making a decision on entering any solution, it’s important to seek professional debt advice to find out more about each and ensure you choose the most suitable and sustainable solution for your situation.
All advice provided by UK Debt Expert is free. Our experts will get to know more about you and your situation before exploring all the debt solutions available to you and it won’t cost you a penny.
However, it’s important to know that fees will apply if you choose to enter a solution.
For example, if you live in England, Wales or Northern Ireland an IVA may be a suitable debt solution. If you choose this solution, it will be provided by Creditfix and fees will apply.
Alternatively, if you live in Scotland you may consider a Trust Deed or the Debt Arrangement Scheme. These will be provided by Carrington Dean Group Limited and fees will apply.
Your advisor will explain any fees with you in full during your free advice call but you can also find out more here.
When considering a debt solution it’s important to be aware it will likely adversely affect your credit rating as it will show on your credit report for six years after it has been approved.
However, it’s important to note your credit score will likely already have been affected by being in debt in the first place.
In most cases entering a debt solution won’t affect employment. However, in certain professions, such as accountants and solicitors, having a formal arrangement in place may mean that you can no longer practice or you may only be able to practice under certain conditions. An advisor will be able to discuss this in more detail.
Entering into a debt solution could be a positive way to manage your debt and finances.
Many debt solutions offer the opportunity to combine several debt repayments into one monthly payment, based on your affordability.
An advisor will discuss all considerations with you before you make the decision to enter a solution.
We offer free, no obligation, debt advice tailored to your circumstances.
We’ll find out more about your current financial situation and your lifestyle to advise on the best solution for you.
We’re proud to offer free debt advice to anyone who needs our support. That means that there’s no charge to speak to our experts who will get to know more about you, your lifestyle and current financial situation in order to provide advice on the best solution for your needs.
However, fees will apply if you choose to enter certain debt help solutions.
These will be discussed by your advisor to make sure you’re aware of the costs involved and that you’re comfortable with these before continuing.
There are solutions that could allow you to write off unsecured debts if you’re unable to pay it back.
An Individual Voluntary Arrangement (IVA) is a formal solution that allows you to write off a percentage of unsecured debts while a Debt Relief Order (DRO) or bankruptcy will allow you to write off all of your unsecured debts included in the arrangement.
You can find out more about each of these solutions, as well as all other UK debt solutions, here.
When looking for a debt advice company, it’s important to know who to trust. There are many companies in the UK that say they can help with your debt, but they aren’t all equal.
When looking for a debt advice company it’s important to check that they’re authorised and regulated by the Financial Conduct Authority.
If you choose to enter an Individual Voluntary Arrangement (IVA) or Trust Deed, you could write off part of your unsecured debt.
It’s important to note, however, that write off percentages differ depending on individual circumstances.
This will be discussed in full by an advisor.
A qualifying debt, or an eligible debt, refers to a type of debt that meets the criteria to be included in a debt solution.
It’s important to be aware only unsecured debts, such as credit cards or council tax debts, can be included in arrangements.
This will be discussed in full by an expert during the advice process.