What is Debt Consolidation UK?
Debt Consolidation UK provide independent information on debt consolidation products available in the UK.
We attempt to remain independent, by not selling debt consolidation products directly, to ensure that we can continue to provide reliable, unbiased information to you.
Debt Consolidation Products
The main debt consolidation products are:
Debt Management Plans
Debt Management Plans involve a debt management company acting on your behalf to negotiate with your creditors to change your debt repayment terms. Debt Management Plans, unlike IVAs, are NOT legally binding.
Individual Voluntary Arrangements (IVAs)
An Individual Voluntary Arrangement (IVA) is a legally binding agreement between you and the companies you owe money to (excluding your mortgage). An IVA is available when there is no prospect of you being capable of repaying all your debts, and normally allow you to become debt free within 5 years.
Trust Deeds
Trust Deeds are a form of government legislation in Scotland designed to help Scottish residents clear unsecured debts over a fixed period of time, typically 3 Years.
Interested?
If the situation we describe above sounds familiar, and you wish to find out more about debt consolidation, then complete the following form and we will arrange for a qualified professional to call you to discuss your next move
See our terms and conditions and privacy policy at the following link