Our range of debt solutions could offer you the ability to....

• Make one monthly payment based on what you can afford without more borrowing
• Repay a fixed amount of your debt over 5 years with the balance waived by creditors
• Freeze interest and late payment charges
• Stop threatening letters and phone calls
• One point of contact for all unsecured debts

IVAs (Individual Voluntary Arrangements) are on the increase as more and more consumers see them as a suitable debt solution.

An IVA is an arrangement which was introduced by Government legislation. It enables you fix repayments at a level you can afford for 5 years. If you stick to the IVA then at the end of the 5 years the remaining debt is wiped out.

Entering into an IVA will stop creditors making any further contact with you.

Whether you’re looking for a long or short term solution a debt management plan could be the most appropriate option for you. Consumer Debt Solutions can help to arrange debt management plans tailored specifically to your needs.

As part of your debt management plan we will look to freeze interest, reduce monthly* outgoings, prevent further contact from creditors and ensure you only pay what you can afford on a monthly basis.

If in the future your circumstances change you can end the plan at any time that suits you.

*Reducing your monthly payments may affect your credit rating.

If you live in Scotland and need debt help and advice you may qualify for a specially structured Trust Deed. Trust Deeds could be the solution to resolving your debt issues and can help to protect homes and assets.

A Trust Deed is an alternative to sequestration and you only pay what you can afford, usually in a maximum of 3 years. On completion the remaining debt is wiped off.

Once entered into a Trust Deed there should be no further need for contact from your creditors.

Your credit rating can be affected whenever you do not keep up repayments on a credit agreement as the details are recorded on your credit file for 6 years. In the same way, most debt solutions will be recorded on your credit file. Any information which shows that you have not been able to meet the payments due under your credit commitments can make it more difficult and more expensive to obtain credit in the future. Other people that may check your credit file include mobile phone operators and future employers.

For more information about debt solutions, you can access the 'In Debt? Dealing with your Creditors' guide free of charge at www.insolvency.gov.uk

Which debt product is right for you will depend upon your personal circumstances and that’s why here at Consumer Debt Solutions we're committed to identifying the most appropriate solution for you.

Consumer Debt Solutions Ltd holds a Consumer Credit Licence, issued by the Office of Fair Trading. Our licence no. is 628265. If you have a complaint about us which you cannot settle, you have the right to complain to the Financial Ombudsman Service. However, you must raise any complaint with us first. Please refer to our complaints procedure for full details.