Debt Awareness Week 2024 – five common reasons people don’t seek help for debt
March 14, 2024
To mark the 10th anniversary of Debt Awareness Week, we explain – and debunk – five of the most common reasons why people don’t seek
To mark the 10th anniversary of Debt Awareness Week, we explain – and debunk – five of the most common reasons why people don’t seek
DWP and HMRC arrears are both priority debts that can have serious consequences if left unpaid. Find out the steps you can take to help
If you’ve seen a financial business or individual say that they’re FCA registered or authorised, it’ll probably help to put your mind at ease. But
Navigating employment or studying while dealing with debt can be difficult, but there are ways that you can make it more manageable. Read on to
Debt is often associated with mental health concerns such as stress, anxiety, and depression, but could your health problems also be causing you to struggle
Breathing Space is a government scheme that can offer some respite for people struggling with their debts – and it’s become much more popular in
Feel inspired to prioritise your money management in the new year with the top 5 financially smart ways to start 2024 As 2023 comes to
If you’re struggling with your finances and have fallen behind with your household bills, you may be dealing with Council Tax arrears. Check out our
If you are feeling the pinch and concerned about your Christmas spending, you’re not alone. Read on for our guide to enjoying the festive season
Whether you’re curious about the status of your own assets or wondering what happens after a loved one passes away, our guide will help you
Whether you’re approaching pensionable age or planning for the future, check out our quick guide to everything you need to know about the UK State
If you’ve fallen behind with your rent payments or are facing eviction for another reason, find out how it could affect your credit score and
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.
