Debt Management

Find out options for dealing with debt including information on Debt Relief Orders, Debt Management Plans, writing off your debts and how to get debt advice.

  • Options for Dealing with Debt

    This factsheet gives an overview of how each option works and how it could affect you if you decide to choose one of these options. For further details on each option, visit the specific factsheet.

  • Top Tips to Avoid Getting Into Debt This Christmas

    While the festive period can be wonderfully joyful, for others it can bring with it stress and anxiety because of their financial difficulties. However It doesn’t have to be like this. The fact is there are ways to experience the best without bringing on the worst by running up unnecessary debt.

  • Basic Bank Accounts

    This factsheet outlines what a basic bank account is and why you may need one if you are entering a solution to deal with your debt.  

  • Business Debts Overview

    This factsheet provides an overview of dealing with business debt including monies owed to HMRC, business rates, rent and utility arrears, accountants’ bills, equipment leases and suppliers’ debts. It will also discuss options for dealing with the liability for sole trading, partnership debts and that of a Limited Company.

  • Credit Reports and Credit Reference Agencies

    This factsheet explains the difference between credit reports, credit referencing agencies, credit scores and credit searches. It will detail what information is held on a credit report, how to deal with being turned down for credit, how to challenge incorrect information on your credit report and provide tips on improving your credit score. 

  • Dealing with the Debt of Someone who has Died

    Dealing with a death is always difficult, but sorting other issues such as debt can add stress to the situation. This factsheet will help you establish liability for debts when someone has died, how to treat different types of debt, how owning a property may be affected by a person’s death and provide you with contact details of organisations that also may be able to help you.

  • Debt & Mental Health

    This factsheet is to help you understand how time spent addressing your debt problems can also help your overall health and wellbeing. 

  • Debt Advice for Vulnerable People

    This factsheet aims to provide some specific debt information and advice for those groups of people who are seen as vulnerable.  It will offer advice for people on a very low income; benefit advice for the elderly; advice for dealing with debts for those who are facing prison; and advice those who are suffering from serious illnesses.

  • Debt Management Plans

    This factsheet explains Debt Management Plans (DMP). It will explain what a DMP is, the criteria to apply for one, what debts can and cannot be included, how your assets are treated, the advantages and disadvantages and what the DMP process involves. 

  • Debt Relief Orders

    This factsheet explains what a Debt Relief Order is (DRO) and details the criteria to apply for one, how your assets are treated, the advantages and disadvantages and what the DRO process involves. 

  • Debt Write-Offs

    This factsheet is to help you if your circumstances change and you are left with no money to pay off your debts. It provides information to determine if asking for the debt to be written off could be an option for you. It will also help you explore how to approach your creditors with a write-off request. 

  • Individual Voluntary Arrangements (IVA)

    This factsheet explains an Individual Voluntary Arrangement (IVA). It will cover the criteria to apply for an IVA, what debts can be included, how your assets are treated, the advantages and disadvantages of an IVA, what the IVA process involves and how we can help you apply for one.

  • Meeting your Debt Adviser

    This factsheet will help you prepare for your first appointment with a debt adviser. It will describe the process your adviser will follow in the meeting and detail what documents or information you will need to bring with you. There is a budget planner at the end of this factsheet that you should complete to the best of your ability beforehand along with a template to list your creditors. We have also included a suggested checklist so you know which documents you should bring with you.