Find a debt solution.
Debt advice. How can we help?
Quick enquiry.
- Answer a few simple questions about your debts.
- We’ll let you know if we can help.
- Speak to one of our advisors or complete online.
To discover more about how to manage your debt and to receive free debt advice, you can visit www.moneyhelper.org.uk or read about options for paying off your debt.
People across the UK are finding debt solutions with MoneyPlus.
A debt solution that’s flexible
Debt Management Plan
A Debt Management Plan (DMP) means you pay one monthly amount. We can help you put a plan in place that’s realistic and affordable for you.
It’s important to note that a DMP is an informal agreement, and it’s not the same as insolvency. You are not tied into the plan for a minimum period of time, and you have the option to make adjustments to your payment plan.
Protecting your home from repossession
Individual Voluntary Arrangement
An Individual Voluntary Arrangement (IVA) is an agreement between you and your creditors. This formal, legally binding solution means you can pay an affordable monthly amount for a set period of time – this is typically between 5 and 6 years. Once completed, any outstanding debt included in the IVA will be written-off.
Other debt solutions.
Sequestration
Sequestration is form of insolvency and the Scottish equivalent of Bankruptcy. Once a Sequestration is completed all remaining debts are wiped.
Debt Respite Scheme (Breathing Space)
The Debt Respite Scheme Is available to anyone with problem debts. It offers legal protection from creditor action,and general contact for up to 60 days.
Protected Trust Deed
A formal debt solution, for residents of Scotland, that’s intended to remove the pressure of unmanageable debts, by combining them into a single monthly payment.
Minimal Asset Process (MAP)
A Minimal Asset Process (MAP) is a type of Sequestration for people living in Scotland who don’t have assets or surplus income to repay their debts. It lasts for six months, during which time all interest and charges on your debts are frozen.
Bankruptcy
Usually seen as a last resort, Bankruptcy is a legal process and a type of insolvency that writes off debts you can’t afford to repay. It may be suitable for you if you can’t repay the money you owe in a reasonable amount of time.
Settlement
A Settlement involves making a lump sum payment to your creditors. This can either be a full and final settlement or a partial settlement.
How it works.
We aim to make the process as simple as possible, which is why we do most of the legwork for you. This is how it works:
Talk to us.
Tell us about your finances and the debts you’re having problems with.
Make a plan.
Based on the information you give us, we will make a plan to help you get out of debt. This could be with our help, or maybe not.
We are here for you.
We’ll contact your creditors on your behalf to tell them you’re using MoneyPlus’ services. Alternatively, we’ll let you know who can help moving forward.
Find out more about our debt solutions
Our experienced advisors are on hand to help you find a debt solution that is right for you. So, if you’re struggling with your finances, we’re here for you.
At MoneyPlus, we appreciate that every customer’s situation is unique. That’s why we approach our customers with the compassion and respect they deserve, every step of the way.
Get in touch with our expert team to find a personalised debt solution today.