Debt Settlement Order
In order to settle debts, many people request information about debt settlement orders, the truth is that there is actually no such thing as a debt settlement order, there are many products on the market which Debt Release Direct can offer as a debt solution such as an IVA, debt management plan or bankruptcy.
There have been a number of people receiving texts from some debt companies offering debt settlement orders, this is where the confusion has come from.
Although Debt Settlement Orders do not exist, Debt Release Direct offer the following range of solutions:
- Individual Voluntary Arrangements(IVAs) - a legal agreement allowing you to write off unaffordable debts.
- Debt Management Plans (DMP) - allowing you to consolidate your debt into monthly, affordable payments.
- Protected Trust Deeds (PTD) - allows you to repay only what you can afford (available to individuals living in Scotland).
- Bankruptcy Advice - for individuals overwhelmed by debts who cannot repay what they owe.
- Full and Final Settlements - an offer to repay part of your debt agreement writing off the remaining debts.