By taking the online 10 minute Debt Test you can receive information about which debt solution may be suitable for you.
Our charity advice helpline is open between 8am and 7pm Monday to Friday on 0800 085 0226 to help you with everything from token payments through to IVAs and bankruptcy.
An IVA is a debt solution for people living in England, Wales and Northern Ireland.
Find out how an IVA can help deal with your debt problems and what is involved in entering an IVARead More....
Answers to some of the most common questions we receive about entering an IVA.
If you have any questions about the IVA debt solution our FAQ section can help.Read More....
If you have debt problems and need help finding a solution, you should contact Debt Support Trust.
Debt Support Trust is a register charity who can help find the best solution to you debt problemRead More....
For people with low amounts of debt and where their financial situation could improve shortly, they may decide to make token payments to their debt each month. A token payment plan is an informal agreement to make a fixed monthly payment towards an outstanding debt. This helps keep the debt under control but will not quickly resolve the debt problem.
There are various debt solutions available and not everybody will be suitable for an IVA. The IVA is a debt solution often used to avoid bankruptcy. If your debt were to be around £5,000 then it’s unlikely you would be suitable for IVA debt advice.
In this instance you could consider a token payment plan, debt management or depending on your financial situation, bankruptcy.
You can complete our charity money advice debt test which will tell you if you’re suitable for IVA debt help.
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If you are not suitable for an IVA you may consider reading more on the Bankruptcy Forum