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Debt repayment options
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Debt repayment options - a guide
A guide on the different ways you can repay your debts, including where to get free help and advice on the option that's best for you
Consolidating debts
Consolidation loans - what they are, when they're useful and the pros and cons of getting one
Debt management plans - ways out of debt
Allows you to make monthly payments towards certain types of debt - set up and managed by a debt management company
Individual voluntary arrangements (IVAs) - ways out of debt
An IVA allows you to make regular payments towards your debts. It's set up by an authorised debt specialist and there may be costs involved
Administration Orders - ways out of debt
A way to deal with debts of £5,000 or less. You have to apply for one through the courts and there are conditions and costs involved
Informal arrangements - ways out of debt
An agreement you can set up yourself with your creditors that allows you to make regular payments towards your debts
Fast-track voluntary arrangements - ways out of bankruptcy
If you've been made bankrupt, this may be a way to cancel your bankruptcy and deal with your debts
Debt relief orders - ways out of bankruptcy
Debt relief orders are an alternative to bankruptcy that can help you deal with debts if you owe less than £15,000
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