Debt Management Plans

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.

IVA Debt Solutions

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 Order

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

  • 10 Sep

    Retirees struggling to pay bills, research suggests

    More than 150,000 retirees are surviving on less than the minimum wage and struggling to find the money to pay basics like utility bills.

  • 10 Sep

    Problem debt is rising rapidly, report shows

    An increasing number of households are being saddled with problem debt, according to new research commissioned by TUC and UNISON.

  • 31 Aug

    Research reveals ignorance over credit rating reports

    Credit ratings are an important indicator of your financial health and can be used to identify if you have the ability to repay credit, to spot if you have been affected by fraud, and to identify how much credit you have. They can also be used by lenders to establish what interest rate you will be offered.


Find the most appropriate debt solution for you

There is a positive way forward, whatever your circumstances. Abacus can help you get back in control of your finances.

Call us free on 0800 043 2444 for confidential advice.

We are open Mon-Thurs 8am-8pm & Fri 8am-5.30pm.