Debt Consolidation Advice
Debt Consolidation
Simplify your debt repayments.
Managing multiple debts across different creditors can be overwhelming. Our advisers will assess whether consolidation is right for your circumstances and explain all available alternatives.
- One monthly payment instead of several
- All consolidation options compared
- Alternatives to consolidation also considered
- FCA regulated advice with no obligation
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
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
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
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
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.