Debt Help
Debt Help
Get help with your debt.
Whatever the size of your debt, our advisers are here to help. We will explain your options clearly and give you the information you need to make the right decision.
- Speak with a qualified debt adviser
- All solutions explained, including statutory options
- Honest, regulated advice with no obligation
- Your circumstances assessed individually
ClearPath Debt Solutions Ltd is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales.
Get free advice
Takes less than 60 seconds
Debt solutions explained
Individual Voluntary Arrangement (IVA)
- Legally binding protection from creditors
- Fixed affordable monthly payment
- Remaining debt written off on completion
- No upfront fees
- Affects credit rating for 6 years
- Must pass income & expenditure assessment
- Insolvency registered on public record
- Homeowners may need to release equity
Debt Management Plan (DMP)
- Informal arrangement — no insolvency
- Single monthly payment to creditors
- Creditors often freeze interest
- No minimum debt level
- No legal protection from creditors
- Interest/charges not guaranteed to stop
- Can take many years to complete
- No debt is written off
Debt Relief Order (DRO)
- Debts written off after 12 months
- Low cost (£90 fee)
- Protection from creditor action
- Suitable for low income and few assets
- Affects credit rating for 6 years
- Maximum £30,000 total debt
- Cannot own assets over £2,000
- Restrictions apply during DRO period
Bankruptcy
- Debts written off — usually within 12 months
- Immediate protection from creditors
- Fresh financial start
- No minimum debt level
- Affects credit rating for 6 years
- Assets may be sold to pay creditors
- Public record — Insolvency Register
- May affect employment or tenancy
Debt Consolidation
- Single monthly payment instead of several
- May reduce overall interest rate
- Simplifies debt management
- Can improve monthly cash flow
- May extend overall repayment period
- Secured loans put your home at risk
- Eligibility depends on credit rating
- Total cost may be higher overall
Breathing Space
- 60 days protection from creditor action
- Interest and charges frozen
- Time to seek professional advice
- Free to apply
- Only available once per year
- Does not write off any debt
- Creditors and agencies are notified
- Temporary solution only
How it works
Free Initial Call
Speak to a qualified adviser in confidence about your circumstances.
Debt Assessment
We review your income, outgoings, and debts in full.
Options Explained
All suitable solutions are explained clearly with no pressure.
Your Choice
You decide what’s right for you, with full support from our team.