England - Cheshire - My Debt Plan - UK's Trusted IVA Provider

A deeper dive into mydebt-plan.co.uk

Common questions asked about mydebt-plan.co.uk

1. What debt solutions do you offer?

We offer a range of debt solutions including Individual Voluntary Arrangement (IVA), Debt Management Plan (DMP), Debt Relief Order (DRO), Bankruptcy, Trust Deed, and Debt Arrangement Scheme (DAS). Each solution is tailored to meet your specific financial situation and needs. Our team of experts will assess your circumstances and recommend the most suitable solution for you.

2. How can I qualify for an IVA?

To qualify for an IVA, you need to have unsecured debts of at least £6,000 and owe money to two or more creditors. You must also have a regular income and be able to make affordable monthly payments towards your debts. Our advisors will assess your eligibility and guide you through the process of setting up an IVA if it is the right solution for you.

3. Will my credit rating be affected if I choose a debt solution?

Opting for a debt solution, such as an IVA, may affect your credit rating. However, if you are already struggling with debt, your credit rating may already be impacted. It is important to consider the long-term benefits of resolving your debt issues and regaining control of your finances. Our advisors will provide you with all the necessary information and support to make an informed decision.

4. How does a Debt Management Plan work?

A Debt Management Plan (DMP) allows you to make affordable monthly payments towards your debts. We will negotiate with your creditors to freeze interest and charges, and set up a single monthly payment for you to make. This payment will be distributed among your creditors until your debts are fully repaid. Our team will handle all communication with your creditors, relieving you from creditor harassment.

5. Is the advice provided confidential and professional?

Yes, the advice we provide is confidential and professional. We understand the sensitive nature of financial difficulties and the importance of maintaining your privacy. Our team of experts will handle your case with utmost professionalism and ensure that all your personal information is kept confidential. You can trust us to provide you with the best possible advice and support throughout your debt solution journey.

Some reasons to choose mydebt-plan.co.uk

Write off unsecured debt

The company offers the benefit of being able to write off unsecured debt. This means that individuals who are struggling with debt can potentially have a portion or all of their unsecured debt forgiven, providing them with a fresh start and relief from financial burden.

One low monthly payment

Another selling point of the company is the option to make one low monthly payment. This can help individuals simplify their finances and budget more effectively, as they only need to manage a single payment instead of multiple payments to different creditors.

Interest and charges frozen

The company also provides the benefit of freezing interest and charges on the debt. This means that individuals will not accumulate additional fees or interest on their debt while they are working towards a solution. It can help prevent the debt from growing larger and becoming even more difficult to manage.

Confidential and professional advice

Individuals seeking help from the company can expect to receive confidential and professional advice. This can provide reassurance and support during a challenging time, knowing that their financial situation is being handled by experts who prioritize their privacy and well-being.

Debt solution tailored to you

The company offers personalized debt solutions tailored to each individual's specific circumstances. This means that individuals will receive a solution that is customized to their unique financial situation, increasing the likelihood of successfully managing and resolving their debt.