Help to Manage Debt 

One Advice can offer you free help so you can manage your debt more efficiently. More and more people are finding it increasingly difficult to repay their debts, and with the cost of living increasing it can be difficult to keep up with the necessary payments.

A Debt Management Plan can offer you one low monthly payment to your creditors. One Advice will negotiate with your creditors to offer you a reduced payment and creditors are sometimes willing to offer you freeze interest or charges on your debt.

If you are struggling with your outgoings, a Debt Management Plan is a great way to help you manage your debt. Instead of making payments to multiple creditors, One Advice will replace this with a single payment.

Other Ways to Manage Your Debt 

As well as a Debt Management Plan, an IVA could help you with your debt problems. If you have debt over £15,000 and cannot afford to make repayments then an IVA can write off your unaffordable debt. 

Our One Advice experts can help you find the best way to manage your debt.  For more information please call us on freephone 0800 019 5870.

Still not sure which is the best way to manage your debt? Take the One Advice 1 Minute Debt Test which will show you potential debt solutions.

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)