Personal Finances
Here at Company Helpline, we know that debt problems can affect people from all walks of life. We’re here to give you the help and guidance you need to understand the options available to you and clear debt for good. From IVAs to bankruptcy and DMPs to DROs, debt solutions can be daunting, and you may not know where to start. Our friendly and knowledgeable guides can talk you through the options that will best suit your financial situation.
Bankruptcy
Bankruptcy is a formal insolvency solution that involves applying to the court for an order to clear your debt. Monthly contributions (if applicable) will be based on your affordability.
Debt Consolidation
A debt consolidation loan is a way of taking debts with high-interest rates and consolidating them into one singular loan with a lower interest rate.
Debt Management Plan
A debt-management plan (DMP) is an arrangement between you and your creditors to repay your debts in full. Payments are arranged with creditors based on your income and affordability.
Debt Relief Order
A debt relief order (DRO) is a debt solution for those who have no assets to use towards paying back their debt. A DRO is an alternative to bankruptcy for non-homeowners with less than £1,000 in assets, creditors of less than £20,000 and a disposable income of less than £50.
Individual Voluntary Arrangement
An Individual Voluntary Arrangement (IVA) is a formal insolvency solution where you will agree with your creditors to make monthly payments based on your affordability for a fixed period of time. After you have made all of your payments, creditors agree to write off the remaining debt.
Debt Relief Order
A debt relief order (DRO) is a debt solution for those who have no assets to use towards paying back their debt. A DRO is an alternative to bankruptcy for non-homeowners with less than £1,000 in assets, creditors of less than £20,000 and a disposable income of less than £50.
Individual Voluntary Arrangement
An Individual Voluntary Arrangement (IVA) is a formal insolvency solution where you will agree with your creditors to make monthly payments based on your affordability for a fixed period of time. After you have made all of your payments, creditors agree to write off the remaining debt.