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Congratulations!
You may qualify for the following plans!
IVA - Learn More
Write off a percentage of your debt and pay one single monthly payment for a fixed period on the remaining Debt
Debt Management Plan - Learn More
Just pay one single affordable monthly payment to your plan and we do the rest.
Why choose Debt Release Direct?
- A team of committed professionals who will deal with your creditors directly.
- Personal support through a difficult time.
- A single, affordable monthly payment.
- Cert-DR qualified staff, the only qualification in debt advice that is accredited by an independent examining body (Edexcel).
- Founder member of the Debt Resolution Forum, promoting professional standards.
- Although not guaranteed, once your plan has started we can usually reduce or freeze interest and charges helping you to pay off your debts quicker.
- Budgeting advice and secure bank accounts to help protect your savings and assets.
- Part of the Release Money Group, which has more qualified debt experts than any other debt management company.
Testimonials
"I was worried and stressed at first with all the telephone calls and letters I was getting, but now feel like Debt Release Direct has taken the weight off my shoulders. I like the fact that in Debt Release Direct I have always got someone to talk to who puts me at ease"
T.V. - Harlow
Arrangements (IVAs) Debt Management
Plans (DMP) Protected Trust
Deeds (PTD) Bankruptcy
Advice Full and Final
Settlements
An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors which states that you will pay back as much debt as you can afford over a fixed period. Once this period has expired, any remaining unsecured debts will subsequently be written off.Our in-house insolvency practice Varden Nuttall Ltd can negotiate an Individual Voluntary Agreement with your creditors, on your behalf, meaning that you can consolidate debt or write off remaining debts without having to file for bankruptcy.
With a Debt Management Plan, you make just one affordable, monthly payment and this sum is distributed between each of your creditors on your behalf. Our team of experienced advisors also communicate with your creditors, so you don’t have to.We work with each of your creditors, to negotiate a simpler, more manageable, monthly payment plan. In most cases it is also possible to freeze or reduce interest and remove any charges that have been applied to your debts.
A Trust Deed or Protected Trust Deed is the Scottish equivalent to an Individual Voluntary Arrangement (IVA). It is a legally-binding solution which allows you to make a single, affordable monthly payment to a Licensed Insolvency Practitioner to cover all your unsecured debts. A Scottish Trust Deed typically lasts for three years and is only available to those who live in Scotland. At the end of your Protected Trust Deed, all remaining unsecured debt will be legally written off.
Bankruptcy is a legal process which becomes an option when your debts are greater than your assets. Bankruptcy is carried out by writing off all of your debts so you can no longer be chased for them. An offer to repay part of your debt agreement writing off the remaining debts.Debt Release Direct
From time to time, many of us experience problems concerning debt management and find ourselves in need of debt help or simple debt advice. If you find yourself in a similar situation, it pays to speak to a professional, and fast, because getting the right advice and taking action can prevent debt management issues from escalating further.
More details ▼FAQs
Debt Articles
Essential Documents
- Debt Management Guidence by the Office of Fair Trading
- DRF Consumer Leaflet 2013
- Scotland - Debt Advice and Information
- Northern Ireland - In Debt Dealing with your Creditors
- The Codes and Standards of the Debt Resolution Forum.
- in Debt? The essential guide to debt produced by the Insolvency Service.
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