We can help you take the first steps to becoming debt-free.
Your life doesn’t feel like your own when you’re constantly worrying about debt. Whether you’re struggling to make ends meet or simply missing out on the small necessities in life, know you’re not alone. Millions of people in the UK can’t pay off their debts.
That’s why we offer free advice for relieving your money struggles and can point you in the right direction of a suitable debt solution.
Fill out our form and get the advice you need
No-obligation, free-of-charge, debt advice
Our advisors take the time to understand your personal situation. Nobody’s finances will be the same, and everyone priorities differently, so it’s important for us to understand exactly where you’re coming from. It’s not just about figures on a page, but how every aspect of your life is being impacted by your situation.
We offer a non-judgmental service where we can work through your individual circumstances together and understand your situation better. From here, we look at where to go next.
In some cases, it’ll be about changing your habits. Tightening the belt here, stricter money management there, and you might find it takes away a lot of the pressure. By changing some of your habits, not only can you take the pressure off right now, but you can work to ensure you have some stability in the future. We can help identify little changes that could make a big difference.
In other instances, we can advise you on the different debt solutions on offer; informing you of all your options and helping you decide which will work best for you and your unique situation. With something as important as your finances, you should never feel alone with these big decisions.
The Debt Advice Service will not charge a you a fee for providing you with advice or recommendation of an appropriate debt solution. If you proceed with one of our recommendations or implement a debt solution with one of our chosen third parties where fees are applicable, full details will be provided before setting up, we may receive a commission from them for this referral.
What debts can we help with?
Loans (personal, bank, payday, or other)
Credit cards
Store cards and catalogues
Doorstep lenders
Overdrafts
Any unsecured credit agreements
Call us now on 01706 404143
TO FIND FIND OUT MORE ABOUT FREE DEBT COUNSELING, DEBT ADJUSTING AND PROVIDING OF CREDIT INFORMATION SERVICES CONTACT THE MONEY ADVICE SERVICE. AN INDEPENDENT SERVICE SET UP TO HELP PEOPLE MANAGE THEIR MONEY. www.moneyadviceservice.org.uk/en/tools/debt-advice-locator or contact
What solutions can we advise on?
IVA - An IVA is an agreement between you and your creditors. You pay one monthly fee for a set period of time. After this, any remaining debt is written off. Read more here...
Protected Trust Deed - A Protected Trust Deed is for Scottish residents looking to lower their monthly payments and when the arranged agreement comes to an end any remaining debt will be written off. Read more here...
Debt Management Plans - These are informal arrangements. They offer the flexibility of helping to choose your own repayment time-line and may be adjusted if circumstances change. Read more here...
Debt Arrangement Schemes - These are for Scottish residents and involve a set plan for repaying debts with a lower, monthly payment. It can be adjusted as you go and stops any contact with creditors. Read more here...
Bankruptcy - Bankruptcy is a court order you can apply for if you’re struggling to repay debts. Your assets are sold and distributed to creditors and after twelve months you’re discharged, regardless of what’s still owed.
Debt Relief Orders - This are an alternative to bankruptcy for those with less than £1,000 worth of assets and less than £20,000 in debts. Read more here...
Overdrafts
Credit Cards
Pay Day Loans
Store Cards & Catologues
Door Step Lenders
Loans
What makes us different?
• We are authorised and regulated by the FCA.
• There are no obligations - if you just want to share your struggles, we’re here to listen and give advice.
• We offer a personal touch. We genuinely care about getting you back on the right track.
• We charge no fees for our advice. Any fees for recommended solutions will be discussed in advance. The advice is here and waiting, so why not take it?
• We’re impartial and independent. We aren’t owned by big companies. We make genuine recommendations tailored to your individual needs and circumstances
No one should feel like they need to deal with financial hardship alone. For help and advice on how to potentially improve your financial circumstances, fill in our short questionnaire below. One of our friendly advisors will be in touch to see if we can help guide you towards a better financial future.
FAQ
Find answers to recurring questions
Can you help with payday loans?
Most of the time, yes. Your advisor can provide more information based on your individual case.
How do I know if I’m eligible for an IVA?
Eligibility can vary on a case-by-case basis. But if you live in England or Wales and have over £6,000 of unsecured debts from a minimum of two creditors, you may be eligible.
I’m Scottish but want an IVA, what can I do?
An IVA is only available to residents in England & Wales however there is a similar option available in Scotland called a Protected Trust Deed.
How do I qualify for a debt management plan?
You must be a resident of the UK, be in over £1,000 of debt owing to 2 or more creditors, and have at least £80 in monthly disposable income.
What happens once I’ve filled in the form online?
When we receive your form, one of our advisors will call you. If you’re not able to speak at this point, they will arrange a further date and time with you. They will talk with you through your financial situation and give advice on how you can tackle your finances. After assessing your situation, they will talk you through any debt solutions that suit your specific circumstances. Together, you can decide if you want to proceed with any of these.
What do I put on the online form?
To help our advisors understand your situation better, try to make your form as detailed as possible. You’ll have the chance to add or clarify details, but take some time on the form as well.
Where are bankruptcy orders made?
Bankruptcy petitions are presented in the High Court in London or at a county court near you. Not all local county courts will deal with bankruptcy petitions though.
What payments might I have to make during bankruptcy?
After looking at your income and expenses, the official receiver might decide you should make payments to your creditors. If asked to sign an ‘income payment agreement’, you will be committed to paying fixed monthly payments for up to three years. Any changes with your circumstances will need to be shared with the official receiver so adjustments can be made.
During bankruptcy, will I lose my house and/or car?
The bankruptcy process may involve giving up some or all of your assets. There are options like debt relief programs which may allow you to keep your assets. Your advisor will be able to talk you through the options and advise based on your individual case.
Is there a chance my credit rating will remain intact?
Unfortunately, most debt relief solutions affect your credit rating in some way. It may be impacted for up to six years and possibly more depending on the solution, so this is something important to think about.
What’s the difference between a secured and unsecured debt?
Secured debts use another asset as collateral. For example, mortgages or car loans. Whereas unsecured debts aren’t wrapped up in an asset - they’re just money. These include bank loans, credit cards, and overdrafts.
Get in touch with us
No one should have to deal with financial troubles alone.
Whether you’re looking to resolve your financial struggle once and for all or just want to ease the burden by talking things through, we can offer you advice and guidance on how best to proceed. Get in touch today to take the first step towards a better financial future.
OUR OFFICE
The Debt Advice Service
Mills Hill Works
Corbrook Road
Chadderton OL9 9SD
Email: hello@thedebtadviceservice.co.uk
Phone: 01706 404143
The Debt Advice Service is a trading name of BHDB Associates Ltd which is registered in England & Wales, Registered Office: Prince of Wales House 18/19 Salmon Fields Business Village, Royton, Oldham, England, OL2 6HT. Company number 10534486. ICO registration number ZA542533
The Debt Advice Service is an Appointed Representative (AR) of Pacific Financial Solutions Ltd. company number 09404359. Authorised and regulated by the Financial Conduct Authority, authorisation no. 688034. ICO number ZA207735
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website: www.financialombudsman.ok.uk
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