Below you’ll find all of the debt solutions services we offer, and you can find out how each one works.
Checking won’t harm your credit score
Answer a few simple questions about your situation and we’ll suggest the best way forward.
There's a way forward
No matter how worried you are, we can help. So get in touch if you’re struggling with any of these
Rent and Council Tax
If you’re struggling with debt, there are a range of solutions available. We can advise you on all of them.
A debt management plan (DMP) is an informal agreement with your creditors giving you longer to pay back non-priority debts like credit cards, buy now pay later and personal loans.
An individual voluntary arrangement (IVA) is a legally binding agreement for you to pay back your non-priority debts at a rate you can afford. It usually lasts five or six years. Afterwards, any remaining debt is written off.
A debt relief order (DRO) may be suitable if you owe £30,000 or less and don’t have much spare income or own anything of value. A DRO lasts for a year. If your finances don’t improve during that time, your debts are written off.
Bankruptcy deals with debts you can’t pay, if the value of your possessions is less than the amount you owe.
Debt consolidation involves using a loan to pay off your other debts. If you've got money worries, debt help may be a better option than borrowing more.
Some debt solutions are free. Some aren’t. Most are likely to impact your credit score. We can talk you through everything you need to know.
If you’re struggling to pay your debts, it’s a good idea to get debt advice. We can talk you through everything from better budgeting to formal debt solutions.
You may be surprised at the range of help available. We’ll explain your options and help you decide on the best way forward. There’s no charge for our advice.
We’ll look at the money you have coming in and your living expenses. From there, we’ll be able to work out what help is most appropriate.
It may be that you’re not claiming all the benefits you’re entitled to. Or a formal debt solution, such as an individual voluntary arrangement or a debt relief order, may be more suitable.
We’ll take into account your immediate money worries and your long-term financial wellbeing before making a recommendation.
23 Feb 2024
New limits for online slot games will be introduced from September to provide greater protection for gamblers
05 Feb 2024
There was a 31% increase in debt relief order (DRO) applications in 2023. Find out about different debt solutions and how they could help you
02 Jan 2024
Find out how to tackle a financial hangover if you've overspent this Christmas.
21 Dec 2023
A report has called on the government to do more to protect people vulnerable to financial harm through gambling.
06 Dec 2023
With research suggesting 14 million of us will borrow to get us through the festive season, the Money and Pensions Service has urged people to take a breath before getting themselves further into debt.
27 Nov 2023
One in five women in the UK have suffered economic abuse at the hands of a current or former partner in the last 12 months. Find out where to get help.
Why choose Money Wellness
We’ve helped over
1 Million+ people
Free help and advice for all your money needs
Always here online or over the phone