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| Government Debt Help Schemes |
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| The personal debt levels in the U.K are at an all time high, this is mainly due to banks and finance houses not completing relevant checks when lending money. The situation has become that bad that governments are stepping in to help. The Governments have put together debt help schemes to help people resolve there debt problems and become debt free. |
These government debt help schemes are:
Individual Voluntary Arrangements (IVA)
Debt Relief Orders
Protected Trust Deeds (PTD) |
We have put together a brief guide to Government debt help Schemes:
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Individual Voluntary Arrangements (IVA) – Government Debt Help Scheme
An Individual Voluntary Arrangement (IVA) is a formal, legal agreement between you and your creditors to repay your debt at a rate you can afford. You make one monthly affordable payment for a set time (Normally 60 months) and at the end of the plan you will be debt free. Creditors will freeze interest, stop any charges on the account and stop harassing contact. Call our free phone, debt helpline and speak to one of our experienced Government debt help scheme advisors. |
Debt Relief Orders (DRO) – Government Debt Relief Scheme
Debt Relief Orders are a tool that allows people with certain assets, disposable income and levels of debt to discharge their debt quickly and cheaply. Rather than waiting for long lines and delays through Bankruptcy, consumers can get help from approved authorities. Only approved organisations can file all the necessary documentation to start the Debt Relief Order process. Call our free phone, debt helpline and speak to one of our experienced Government debt help scheme advisors. |
Protected Trust Deeds (PTD) - Government Debt Help Scheme (Scotland Only)
A Protected Trust Deed (PTD) is a formal, legal agreement between you and your creditors to repay your debt at a rate you can afford. You make one affordable monthly payment, normally 3 years and at the end of the term you will be debt free. Creditors will freeze interest, stop any charges on the account and stop harassing contact. Call our free phone, debt helpline and speak to one of our experienced Government debt help scheme advisors. Call our free phone, debt helpline and speak to one of our experienced Government debt help scheme advisors. |
| This is only a quick guide to Government Debt Help Schemes, for more information speak to one of our experienced debt advisors on our free phone debt helpline number 0800 692 2000 or take our Debt Test |
| Call Your Debts Cleared free on 0800 692 2000 or Take our online DEBT TEST |
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