Dealing with debt

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 and IVAs explained

IVAs are often called 'bankruptcy light', but both have serious repercussions for your credit rating

Other debt solutions

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

Reasons to avoid debt management firms

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