How to deal with debt

  • Debt management plans, IVAs, debt relief orders and bankruptcy explained
  • Reasons to avoid commercial debt management companies
  • Key contacts for free and independent debt advice

What's in this guide

Bankruptcy explained

Bankruptcy could be the best debt solution for you, but make sure you take free, independent advice first.

IVAs explained

IVAs are often called 'bankruptcy light', but they still have serious repercussions and you'll need to think very carefully before deciding on this option.

Other debt solutions

Find out if a debt relief order, debt management plan or other solution could help clear your debts

Debt management companies: why to avoid them

Commercial debt management companies charge for a service that is available free elsewhere

Free debt advice contacts

Organisations that can offer you free practical help and advice on debt

10 ways to pay off your debts

Pay less interest and clear your debts more quickly by following our tips for managing your borrowing.