Debt Repayment - find the right debt solution for you

There is one way in which you can repay your debts faster than your current arrangements and even with lower monthly repayments. An IVA (Individual Voluntary Agreement) could clear all your debts over five years. But it’s not right for everyone. It all depends on how large your debts are and your individual circumstances.

As a registered not for profit organisation, The Debt Advice Trust can provide you with expert, honest and impartial advice so that you can find the best debt repayment solution for you.

Debt can be beaten

We understand how bleak things can sometimes look when you’re in debt. That’s why we’re here to tell you that there are solutions to debt repayment. As mentioned, an IVA might be right for you. Alternatively a Debt Management Plan, Debt Consolidation Loan or another debt solution could be the answer. The quickest way to find out is to pick up the phone.

Debt repayments you can manage

We’ll help you decide what level of repayments you can comfortably manage and then ensure you are fully advised about which debt solutions might be most appropriate.

Debt Repayment FAQ's

• Q: How can faster debt repayment also mean lower monthly repayments?

  A: It all depends on the debt solution and your particular circumstances. With most solutions it will mean a longer repayment period, but, the important thing is to get your debt repayments to a level you can afford and put you back in control of your debts.

• Q: What do I do next after getting your advice?

  A: Don’t worry, whatever debt repayment solution you choose, we can recommend a trustworthy provider from our Approved Panel.

More debt FAQ's