Money VillageDebt Services
Solutions to help you conquer debt
Millions of people are having difficulty repaying their debts. Bigger bills for gas, water, electricity and Council Tax and cost of living increases, often means that there is little left to pay credit card and other unsecured debts.
Debt Management Plan
A debt management plan is an affordable repayment programme managed by an independent company who will help you work out what you can afford to repay each month. You pay the agreed amount to the debt management company, who will then pay your creditors for you.
Read MoreIVAs
An IVA or Individual Voluntary Arrangement is a formal agreement between someone who owes money (debtor) and the people he or she owes money to (creditors) and offers an alternative to bankruptcy.
Read MoreTrust Deeds
A Trust Deed (officially known as a Protected Trust Deed) is the Scottish equivalent of an IVA. It is a formal arrangement that is used in Scotland where a consumer grants a deed in favour of the trustee which transfers his/her assets to the trustee for the benefit of creditors.
Read MoreDebt Consolidation
Debt Consolidation is where your debts are wrapped up into a single loan with a single interest rate. The term of the loan would normally be longer so you may end up paying more in the long term.
Read MoreDebt Relief Orders
A Debt Relief Order may be a cheaper option than going Bankrupt if you meet the criteria and it is granted by the Insolvency Service.
Read MoreBankruptcy
Bankruptcy is a legal process where an individual declares they are unable to pay their creditors. This should only be considered after all other options have been fully explored.
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