How much debt can you write off?
Example based on a real-life customer
£23,745
New monthly payment
£116
Total repayable
£6,960
Debt reduction
£20,435
= 86% debt reduction
This example is for guidance purposes only as IVA payments are based on affordability. The term is 60 months. Fees of £3,650, subject to creditor approval and modification. Fees are taken from the monthly repayments and are not in addition.
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Could you write off some debt?
We can help with all types of debt, including...
Credit Cards
Unsecured Loans
Store Cards
Overdrafts
Personal Loans
Utility Bills
Business Debts
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Benefits of a debt solution
If you have a question about a debt in particular then please check your eligibility
Expert specialist help for anyone experiencing financial hardship.
Typical Example
This is an example of the debt you may owe & how we can help
See how Debt Help UK could help you with this simple example to consolidate all unsecured debts into one smaller monthly payment and write off unaffordable debt.
Without Debt Help UK
£610 monthly payments
- This is a real-life example of a client who has entered into an individual voluntary arrangement:
- Higher monthly payment
- Mounting interest & charges
- Multiple monthly payments
- Creditors taking legal action
-
Total unsecured debt £23,745
With Debt Help UK
£116 single monthly payment *
- After receiving our help, a typical customer's debt would benefit from the below:
- Lower monthly payment
- Stop interest & charges
- Only 1 monthly payment
- Stop creditors taking legal action
-
£20,435 debt written off
*Subject to creditor approval and modification. Fees are taken from the monthly amount you pay and are not in addition to this. Total fees taken from repayment £3,650
To find out more about managing your money and getting free advice, visit Money Helper, independent service set up to help people manage their money.
Self Help
Before considering committing to a scheme, you may wish to reach an informal arrangement directly with your creditors.
In this instance, you would agree individual repayments with each creditor, and manage them until debts are repaid in full.
As this would only be an informal arrangement, please remember that any agreements are not legally binding, and are subject to change at any time according to the decision of the creditors. There is also no guarantee that any interest or charges would be frozen.