Do you have UK Debts? Make your payments more affordable...

When you’ve got debt problems you need the right debt advice and where better to get it than UK Debts.org.

We specialise in helping people who find themselves in difficult financial circumstances and although having high levels of debt is a frightening situation to be in, there are a number of debt solutions available to you, particularly if you take action quickly.  

Here at UK Debts.org we offer free advice and we can arrange all of the main debt solutions.

Debt Consolidation Loans from UK Debts.org

The first debt solution people consider is a debt consolidation loan, which may be either secured or unsecured.

This is when you take out a loan to pay off all your existing unsecured debts. Whilst it can be unsecured, a secured debt consolidation loan is often more popular if you have a percentage of equity in your home, as it will generally be offered with a lower interest rate than an unsecured debt consolidation loan.

Please however think carefully before taking out any loan secured on your home, as your home could be repossessed if you do not keep up your loan repayments.

Debt Management Plans from UK Debts.org

If debt consolidation loans aren’t right for you, a debt management plan is an alternative debt solution.

A debt management plan is where all your unsecured debts are consolidated into one affordable monthly payment, without you needing to take out further debts or loans.

Debt management plans are generally suitable for people with unsecured debts of up to £15,000.

All you have to do is simply make one realistic monthly payment to us and we then make payments on your behalf to all of your creditors.

We also negotiate with your creditors to try to freeze or reduce any interest or charges on your debts, although of course we can’t guarantee that your creditors will agree.

Once your debt management plan has been agreed there is also no need to worry about calls or letters from your creditors, we will take care of this on your behalf as part of the service.

IVAs from UK Debts.org

If you have more than £15,000 of unsecured debt, and are struggling to meet your repayments, then an IVA (or individual voluntary arrangement) could be the answer and is seen as an alternative to going bankrupt.

IVAs are legally binding contracts between you and your unsecured creditors, whereby providing that you maintain your monthly payments your creditors cannot take any further legal action against you.

An IVA allows your assets to be protected, interest and charges on your unsecured debt becomes frozen and you will only pay an affordable amount each month. Reasonable living expenses are calculated as part of the process of setting your monthly payment.

If you keep to the IVA repayment schedule set for you, then after your IVA is complete (typically 60 months), any remaining debts you owe are legally written off.