Free From Debt - free debt advice and debt solutions

Frequently asked questions

Which is the best option for me?

It all depends on your circumstances but our aim will be to help you find the one that suits your particular needs and circumstances. We can explain the advantages and disadvantages of each option. For example, with Debt Management, there are no guarantees - your creditors can go on chasing you and charging you. With bankruptcy your situation is made public and in certain professions, you may even lose your job.

An IVA is often the best and fairest course because your creditors get a fair return, you only pay what you can afford, the creditors are legally bound by the terms of the agreement and your employment is not affected. Often a significant reduction in what you have to pay is agreed and at the end of 5 years of payments you are debt free.

Why isn't a re-mortgage always the best solution if you own your own home?

Firstly, because you may have no equity in your home (the difference between the value of your property and your mortgage borrowing) and secondly because you would still be at risk of losing your home should you not be able to keep up the new payments.

How much will I be required to pay per month if I go for an IVA?

This depends on your income and expenditure but you will only be required to pay what you can afford and we will help you calculate this.

Call us free of charge on 0800 011 2435

If you have debts over £20,000 and a regular income and live in England or Wales we can help. Why not give us a call free of charge on 0800 011 2435 as a first step on the road to freedom from debt or apply now by taking less than one minute to answer a few simple questions? We're here to help and your call or email will be treated in the strictest of confidence. We look forward to hearing from you.