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 £20,000.

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

  • 25 Nov

    Family financial planning is increasing

    Financial advisers believe that the number of couples and families to seek joint advice on retirement planning will increase in light of the recent pension freedom rule changes, according to recent research conducted by Prudential.

  • 19 Nov

    Almost half of UK couples depend on both incomes

    3.2 million households are dependent on two incomes to make ends meet, almost half of all UK couples. New research undertaken by LV= shows that if one income was lost, households would struggle to cope.

  • 27 Oct

    Invisible spending costs Brits £48bn a year

    UK adults are spending £48 billion a year through a habit termed 'invisible spending', according to research published by Aviva. The term has been introduced by the investment and retirement solutions provider to describe the small costs people spend on a regular basis without paying attention, such as on coffee, shop-bought lunches, post-work drinks and treats for children.


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.