Reduce Payments on Credit Card and Loan Debts

At National Debt Relief, our advisors are trained to listen and help you with your debt problems

We help people to deal with their debts every day. There is a range of solutions available in the UK which are designed to help you get back on track financially and we can determine which of these are most suitable for your situation.

• Get lenders to freeze interest and charges
• Unpaid debt can be legally written off on completion
• Suitable for debts over £1,000 and over
• Creditors deal directly with us about your debts

If you feel your debts are unmanageable one of our solutions could be your best option. Before entering a solution it is important that you understand what implications it could have for you (and your family). We can quickly tell you how it may affect you.

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What solutions are available for people in debt?

The solutions that are available for people in debt will depend on the total amount of debt but the most commonly available solutions are below.

• Debt Management - repay debts with a monthly payment you can afford until they are repaid in full
• IVA (Individual Voluntary Arrangement) - pay a monthly payment you can afford for 60 months, any remaining unpaid debt is legally written off.
• Bankruptcy - you state your inability to pay your debts and your creditors can no longer chase you. Usually lasts 12 months but can be up to 36 months if you have a disposable income to offer.
• Debt Consolidation Loan - can be secured or unsecured loan that has lower repayments than your current credit commitments due to lower interest or increased term.
• Debt Relief Order - like a mini bankruptcy for debts under £20,000. Costs just £90 to apply for this solution.

Advantages/Disadvantages of debt solutions

Each of the above solutions have their own advantages and disadvantages depending on your situation and the solution chosen. These will be explained in full when you chat to one of our advisors.

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