Debt Management consolidates debt into one low affordable payment.
A Debt Management Plan (DMP) allows you to deal with your unsecured debt by making repayments you can realistically afford once you have met your living expenses.
Write off the debt you can't afford with a ClearDebt IVA.
An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors whereby you repay what you can afford, usually over 60 months. After which, the outstanding debt is written off.
Bankruptcy is for individuals with debts that they cannot pay.
Bankruptcy has restrictions and is often the last resort. Bankruptcy is usually applied when no alternative debt solution can be offered to your creditors.
Debt Relief Orders are a way to deal with your debts if you have little or no assets and debts under £15,000.
A Debt Relief Order is a formal insolvency process which lasts for a period of 12 months, at the end of which the debt owed will be written off.
Debt news & advice
The UK government has unveiled new plans for a debt relief system that will be easier to access for those with problem debt and low incomes.
Residents from the town of Yeovil are being given the chance to receive free debt advice courtesy of the Citizen's Advice Bureau.
One of the UK's best known debt management firms has compensated more than 4,500 of its customers because of new regulations.