Debt Management consolidates debt into one low affordable payment.
A Debt Management Plan is an informal agreement made with your creditors to pay a monthly amount which you can afford. Normally, you will repay what you can in monthly instalments until your debts have been paid in full.
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 is the status given to a person who are unable to pay their debts, or are insolvent. In order for you to become bankrupt a court must make a Bankruptcy Order against you following the presentation of a Bankruptcy Petition.
If you have access to a lump-sum, a full and final settlement may be the best course of action.
A DRO is a formal arrangement which last for a minimum of 12 months, at the end of the DRO the debt owed will be settled. Normally, if you successful complete your DRO you will pay back less than was originally borrowed.
Debt news & advice
A new survey has shown that graduates still enjoy a higher rate of average pay than non-graduates.
A new piece of research carried out by the lender Ocean Finance has indicated that more than a fifth of people in the UK will book a holiday this January.
It's that time of year again when the government sets out its intentions for the coming months through the medium of its Autumn Statement. In fact, this is the last time the chancellor will do this before the general election next year - an event that could well spell the end of the Conservative and Liberal Democrat coalition that has ruled for the last half a decade.
It's that time of year again when the high street heavyweights bring out their tear-jerking ad campaigns, shopping centres up and down the country become packed to the rafters and the spend-fest that is the Christmas takes hold.