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Everything you need to know about UK Debt Expert and the solutions we advise on

As part of the Creditfix Group we’ve helped more than 250,000 find a solution to their debt problems.

Before our experts can offer advice, however, it’s important to discuss your financial situation at length. This allows us to assess your circumstances fully and discuss all of the solutions available to you.

It’s our responsibility to ensure that you are equipped with enough information to allow you to make an informed decision on how you’d like to manage your debt.

Here we share a little more information about the solutions that could help you and some key details to be aware of.

The advantages and disadvantages of UK debt solutions

At UK Debt Expert we advise on all solutions to manage your unsecured debt. Here we shine a light on the key considerations, both positive and negative, for each to help you make an informed decision on what’s best for you. 

Advantages & Disadvantages

Individual Voluntary Arrangement (IVA)
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Advertising substantiation

Research Findings

UK Debt Expert commissioned research firm Taylor McKenzie to analyse not only our brand and messaging but also the causes of debt and barriers to seeking help for key demographics.

The quantitative and qualitative research, carried out in January and February 2024 with the help of 1001 participants from across the UK, highlighted that debt is an emotive subject, affected by both emotional and economic triggers.

In summary, it found that debt was an emotive subject for the participants. All described debt using terms such as ‘stressful’, ‘worrying’, ‘anxiety’. The extent to which the audience could articulate this varied, but all expressed it in similar terms.

When asked what they believed the key economic drivers of debt were, participants said:

Rising living costs: Increasing costs of energy bills, council tax and food whilst incomes remain stagnant, means people are struggling. Debt is being accumulated to spend on essentials.

Large, unexpected costs: Car-related costs and fines are a sudden strain on finances, particularly if there are no emergency funds or savings available. Without a financial buffer, individuals are forced to resort to credit cards, loans, or other forms of borrowing.

Existing debt cycle: The burden of existing debts, including interest payments and credit card payments, reduces available income for other financial needs, leading to additional borrowing.

In terms of physical and emotional reactions to debt, our research showed that our target audience budgets carefully when managing finances and half say they are in control of their debts.  However, the subject of debt elicits a great deal of fear and shame, leading to feeling low, worry and sleepless nights for a large proportion of our target groups.

Cutting back on spending was revealed as the biggest impact of debt but more than one in three have had sleepless nights and a dread of opening bills.  The negative impacts are more keenly felt by the parents as opposed to other demographics.

 

Trusted and ready to take you forward

We’ve helped over a quarter of a million people find a way to deal with their debt 

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