Debt Management

Your financial circumstances can change at any time – your job might change and you could be earning much less than you were previously, for example. This means that your finances will be put under pressure too. Debts can get out of control and with them the debtors come knocking.

But rather than panic or ignore the problem, there is a solution thanks to Debt Management. Debt Management companies will take your case and carry out a full means test or audit. This will help them to work out how much money you can afford to pay each month for your debts. By actively seeking help, you are making the debt problem more less difficult in the long run. Best of all, Debt Management companies will negotiate with debtors on your behalf so that a fair deal can be struck. Please find a comprehensive list of companies below.

COMPANY	DEBT OPTIONS	MIN DEBT	MIN MONTHLY INCOME	WRITE OFF OPTIONS	ID REQUIRED	APPLY
Live Your Life Debt Free	IVA / Debt Management	£15000	N/A	Up To 70%	3 months recent wages slips and statements from all creditors.
Live Your Life Debt Free	Live Your Life Debt Free specialise in debt management programmes including IVAs, Debt management plans and consolidation loans. With a debt management plans you reduce or freeze interest and can write off part of your debt. An IVA can help you write off 70% of your debts and set up affordable monthly payments. Please note - no minimum debt or minimum monthly payment are stated, as Live Your Life Debt Free consider all your information before giving you your options.					Terms Terms Depends on product - fill in online application and your options will be offered to you. Services Services IVA and Debt Management Advantages Advantages 1. Live Your Life Debt Free can offer you all appropriate debt management products and advise you which is best for your circumstances. 2. Write off options up To 70% Disadvantages Disadvantages 1. Unsecured debt has to be greater than £15,000 and 3 creditors if getting an IVA. 2. Min Debt £15000. 3. No Min Monthly Income listed.
ClearDebt123	Debt Management / IVA	5,000	50	Up to 70%	ID may be required
ClearDebt123	ClearDebt123 provide trusted debt relief solutions - both Debt Management and IVAs are offered. This UK-based company claims to help you write off up to 70% of your debts. Apply via an easy online form. Both homeowners and tenants are eligible.					Terms Terms The content of ClearDebt123 website is meant to be informational and it should not be considered financial advice Services Services IVA and Debt Management Advantages Advantages Minimum debts only need be £5,000 Homeowners and tenants welcome Disadvantages Disadvantages Must apply to find out more Website is cagey on details Must have at least 2 creditors
Solve My Debt	Debt Management/IVA	£15000 for IVA	N/A	Up to 70%	May be required to produce wage slips and creditor letters
Solve My Debt	Solvemydebt.co.uk specialise in debt management plans. They will distribute your monthly payments to your creditors - on your behalf. Solve My Debt can also arrange IVAs. Solve My Debts offer free no obligation debt advice - homeowners and tenants welcome.					Terms Terms Enquire for full details Services Services Debt Management and IVA Advantages Advantages Specialists for Debt Management Plans and IVA Disadvantages Disadvantages Not enough information on website- but free enquiry
Debts.tv	IVA / Debt Management / Consolidation Loans	£15000	£100	Situation dependant	See Website for free Enquiry
Debts.tv	Debts.tv offer 3 types of debt solution projects - IVAs, Debt Management programmes, and Debt Consolidation loans. Just enter your information on the application form online and Debts.tv will suggest to you the best option.					Terms Terms A minimum of 2 unsecured creditors, must be a UK resident and minimum of £15,000 debts for IVA. Services Services IVA, Debt Management and Consolidation Loans Advantages Advantages 1. IVA, Debt Management Plans and Debt Consolidation Loans all available. 2. You will be advised on which is best for you on application. Disadvantages Disadvantages 1. Min Debt £15000
Debt Fixers	IVA / Debt Management	£0	£50	60-70% Depending on arrangement	Apply online for more information.
Debt Fixers	DebtFixers offer IVA and Debt Management products - enter the quick online form and an advisor will advise of the best couirse of action.					Terms Terms Dependant on product - apply online and you will be given the options and conditions of your options. Services Services IVA and Debt Management Advantages Advantages 1. IVA and debt management products offered - enter a quick online application and your options will be offered to you. 2. Min Debt only £0. 3. Min income only £50. 4. Write off options 60-70%. Disadvantages Disadvantages 1. No consolidation loans offered.
Debt Plan	Debt plans	N/A	N/A	Not stated	May be required to provide full ID
Debt Plan	DEBTPLAN Direct are commited to sorting your debts without a loan - pay what you can afford. Reduce and Consolidate debts to just one affordable monthly payment, claim back Unfair Bank, Credit Card and Payment Protection Insurance (PPI) charges on a "No Win No Fee" basis,Stop or reduce interest, charges and harassment from your creditors.					Terms Terms DEBTPLAN Direct are regulated by the OFT and are Authorised by the MAT when carrying out a financial fact find. Services Services Debt management Advantages Advantages No loans - pay what you can afford Interest reduced or frozen Disadvantages Disadvantages Not very much information on website Apply to find out more
Trapped.co.uk	Debt Management / IVA	1500	N/A	Up to 70%	Be prepared to provide lots of ID and information
Trapped.co.uk	Trapped.co.uk offer Debt Management, IVAs and Trust Deeds (Scotland) for people with mounting debts. Apply online for a free calculation of how Trapped.co.uk could help you.					Terms Terms Apply online for more information Services Services Debt Management, IVAs, Trust Deeds (Scotland) Advantages Advantages Lots of well-known lenders sourced All borrowers considered Disadvantages Disadvantages Must fill out full application for a free calculation Lots of personal information required but this is to be expected