Do you qualify for a
debt management plan?
Whilst we strive in all cases to negotiate the best deal with your creditors, we cannot guarantee a reduction in interest or charges. Also as one of the largest providers of debt management solutions in the UK, we are able to provide initial advice over the phone without charge, however, if a debt solution is taken out, please be aware that fees will be charged. For information on our fees, please click here. For more information about debt management plans from MoneyPlus read our terms & conditions.
The insolvency service has produced a guide for people who are struggling with debt. This guide outlines each of the available solutions. You can download the guide by clicking the following link – Options for Paying off your Debt.
MoneyPlus is one of the UK’s largest, and most established, debt solution companies. We believe in providing the best quality advice and go out of our way to do so. We are founding members of DEMSA, and strictly follow the Debt Management Plan Protocol as well as the IVA Protocol.
Debt management plans are usually for people with unsecured debts totalling £15,000 or less, although this depends on exact circumstances.
Individual voluntary arrangements (IVAs) are a binding contract between you and your creditors. You will make fixed monthly payments each month into your IVA, and in return they will accept lower payments over a fixed term.
Residents of Scotland may benefit from a protected trust deed. A trust deed is a legally binding agreement between you and your creditors – similar to an IVA.
Individuals with relatively low liabilities, small surplus income and few or no assets and who are possibly not in a position to pay off their debts in a reasonable time may be eligable for a debt relief order.
A debt arrangement scheme (DAS) is a debt management program, run by the Scottish government, which allows you to repay your debts over an extended period of time whilst providing you protection from their creditors.
Cover your property with building and contents insurance from as little as £10 per month.*
Get help with a wide range of legal services, including personal injury, probate, will writing and employment law.
Through remortgaging we can help release some of the value in your home, which could be used for home improvements or paying off debt.
Utility switching is a great way to save money, you continue getting the product but simply pay less for it.
DEMSA is an organisation founded to monitor and maintain high standards in the debt management industry. All members of DEMSA are bound by the terms of the Code of Conduct established by DEMSA. Find out more
MoneyPlus Group were also one of the first companies to prove that our service met the requisite standards of the Debt Management Plan Protocol. So you can be sure that you are in safe hands with MoneyPlus. Find out more