If you’ve overspent this Christmas, don’t panic; with these seven simple steps you can start dealing with your holiday debt and get your finances back
Christmas is a time for celebration, but it can also be costly. If overspending during the holidays is one of your annual traditions, our guide
Debt Relief Orders Remain at Record Levels Debt Relief Orders (DROs) are a lifeline for many individuals struggling with debt in the UK. In 2024,
The holiday season, a time usually filled with joy and celebration, can bring added stress for those managing debt. For some, the anxiety of potential
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With the UK Autumn Budget 2024 due to be published soon, we’re here to help you navigate any potential changes with our quick round-up of
If you’re juggling debt as we approach the festive season, our quick guide to making the most of Christmas without breaking the bank is here
Need help managing your debts? If you’re considering debt consolidation, we’re here to explain how it works and whether it might be the right option
As financial scams become more commonplace, especially online, we’re here to explain 10 of the most frequently used by scammers and how you can avoid
With the winter fuel payment at risk of being axed for most pensioners, our Summary guide to this policy shift explains exactly who and what
A DRO is a formal debt management solution and can help people with low incomes who are struggling with debt. However, positive new reforms could
Whether you’re considering entering a debt management plan or simply curious about how they work, we’re here to help by answering some of your most
No matter your financial situation or difficulties, we can provide you with the right advice and support to help you become debt free.
Alternatively, if you’d like to speak to one of our advisers for expert advice call us.
Lucy Novo Deakin is a licensed insolvency practitioner in the UK by the Insolvency Practitioners Association (IPA).
My Debt Plan Ltd provides insolvency solutions to individuals, specialising in IVA’s. All advice given is provided in reasonable contemplation of an insolvency appointment. Where you are not suitable for an IVA, we may refer you to one of our trusted partners who specialise on alternative solutions, and as such we will receive payment for the introduction if you enter into a debt solution with one of our partner companies.
Registered address 2nd Floor Blenheim Court, Cheadle, Cheshire, England, SK8 2JY Company Registered in England and Wales Number 10992838 Data Protection ZB284067.
To find out more about managing your money and getting free advice, visit Money Helper, an independent service set up to help people manage their money.
*Our advice on your options is always free. We will always notify you if a solution you choose has any cost.
**Of 2,381 IVA cases approved between January-December 2023, the average expected write off assuming successful completion is 74%.
A debt write off amount between 25% and 75% is realistic, however, the debt write off amount will differ for each customer upon their individual financial circumstances and is subject to approval of their creditors. Any remaining qualifying unsecured debt in your IVA will be written off, however some unsecured debts will be excluded, such as court fines, child maintenance and student loans, therefore you will need to continue paying these both during and after the IVA.
