Personal Debt Solutions

Personal Debt Solutions

Which debt solution is best for me?

If you have been looking for ways to solve your debt problems you may be confused by just how many debt solutions are available to people in the UK. Different options will suit different circumstances so how do you know which is the best debt solution for you?

Common solutions to debt used by individuals in the UK include -

  • Individual Voluntary Arrangements (IVAs)
  • Debt Management Plans
  • Bankruptcy
  • Trust Deeds
  • Consolidation Loans
  • Debt Relief Orders
  • Administration Orders

At Royal Exchange we specialise in helping people to find the most appropriate solution to their personal debt problems. For a quick assessment of what may be the best option for you use our online debt calculator.

Here are just some of the ways we can help -

Serious debts over £10,000?

IVA (Individual Voluntary Arrangement)

If you have severe debts over £10,000 an IVA (Individual Voluntary Arrangement) could be the best solution for you. Arranging an IVA allows you to repay some of what you owe at a rate you can afford with the rest of the debt being written off. Typically IVAs last for a period of five years and they are legally binding. 

More information on IVAs

Struggling to make payments on Credit Cards, Store Cards, Loans or Overdrafts?

Debt Management Plans (DMP)

If you are struggling to keep up repayments on your debts we can structure a reduced monthly repayment plan that is affordable for you, ask for your creditors to stop or freeze interest and charges and deal with your creditors for you. This will stop the daily telephone calls and threatening letters from your creditors allowing you to sleep again at night knowing that your financial problems are being dealt with by professionals. 

More information on Debt Management Plans

Owe less than £5,000?

Debt Administration Orders

If your combined debts total less than £5000 you may be able to get an Administration Order from the Court to halt debt recovery action and pay off your creditors. Administration Orders allow you to consolidate your unsecured debts and make a single reduced payment each month. You make this payment to the court who will then distribute the funds to your creditors on your behalf.

More information on Administration Orders

Problems with Bailiffs or the Courts?

County Court Judgements and Bailiffs

If you're having problems with Courts or Bailiffs call us for advice to be sure you know your rights. Do not delay as bailiff or court action are both very serious, we have fully trained counsellors at hand to advise you.

More information on Bailiffs and County Court Judgements (CCJs)

Need Life Insurance, Mortgage or Re-mortgage?

If you're looking for a Life Insurance, a Mortgage, or Re-mortgage we can help. We have experts on hand to find you the right financial products to meet your requirements, contact us now on 08000 284422 and speak to one of our advisors.

For more information visit our dedicated site - Royal Exchange Financial Services

Find the Best Solution to your Debt Problems

Royal Exchange specialises in helping people throughout the UK to solve problems with personal debt. We offer 'best advice' at all times and can assist you whatever your financial situation.

To find out more call our helpline on freephone 0800 028 4422 or complete the enquiry form to request a free debt assessment