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  • Reduce your debts by up to 75%
  • Make smaller monthly repayments
  • Regain control of your finances
  • Let us deal with your creditors
  • By law – only pay what you can afford
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Debt Management Plan

  • One affordable monthly payment
  • Ongoing debt plan support
  • The best way to freeze interest and charges
  • Regain control of your finances without borrowing more money
  • Informal arrangement which suits your financial situation

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IVA’s

  • Become debt free in 5 years
  • Payment demands by telephone and letter stopped
  • Write off up to 75% of your debts
  • Fixed legally binding agreement
  • Protection from court action

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Alternative Debt Solution

  • Company Voluntary Arrangement
  • Debt Relief Order
  • Fast Track Voluntary Arrangement
  • Scottish Trust Deeds
  • Debt Consolidation
  • Government Debt Help

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 Bankruptcy 

  • We deal with your creditors for you
  • Allows you to make a fresh start after 1 year
  • Creditors must stop most types of court action
  • Any outstanding debts written off
  • You keep all personal belongings, like household goods

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National Debt Advice

National Debt Advice is here to help you find the correct debt advice to match your personal circumstances. Finding a debt solution that works for your personal debt problem should be your first priority. However, the best debt advice is most important, after all, taking the wrong debt advice could cost you more than just time and money. Primarily, In order for you to work out where you need to be in financial terms you should analyse your current personal debt situation. A debt advisor will do this for you.

Debt Solutions

The correct debt solution can be different for everybody and depends mostly on the total debt and amount of creditors owed to. The most common debt solutions that are advised are likely to be Government Backed Schemes which may help most people in financial difficulty. Some of these include:

Benefits for you:

  • Instant relief from financial pressure.
  • Reduce your payments for credit cards, loans, and most outstanding debts to one amount that you can afford.
  • In most cases write off a large portion of your debt.
  • Keep control of finances and stabilise your financial situation.
  • We offer a range of alternative debt solutions to those people who struggle with their finances.
  • Regular reporting on case progress.
  • 7 day a week contact with a debt advisor for any queries on your payment plan.
  • Receive honest and independent advice on their financial situation from reputable company.
  • Re-education on effective budgeting and money management – less likely to suffer again in the future.

Case Study 1

Debt Management Plan (DMP) example

Here is how a DMP can help you repay your debt:

  • Overdraft- £7697
  • Credit Card- £6868
  • Loan- £5224
  • Catalogue- £823

BEFORE: Monthly Payment = £865 (Term: 10 years)

MONTHLY SAVING = £375 Reduced by 43.3% (Term reduced by 6 years 6 months)

AFTER: Monthly Payment = £490 (Term: 3 years 6 months)

Total debt: £20,612

The new monthly Payment is based on what you can afford each month. *In this example all interest on debts is frozen so payment is only on actual agreed remaining debt.

Case Study 2

Individual Voluntary Arrangement (IVA) example

Here is how a IVA can help you repay your debt:

  • Overdraft- £2542
  • Credit Card- £6430
  • Loan- £900
  • Catalogue- £488

BEFORE: Monthly Payment = £595 (Term: 8 years)

MONTHLY SAVING = £335 Reduced by 56.3% (Term reduced by 4 years)

AFTER: Monthly Payment = £260 (Term: 4)

Total debt: £10,360

The new monthly Payment is based on what you can afford each month. *In this example all interest on debts is frozen so payment is only on actual agreed remaining debt.

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