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Catalogue debt is one of the most common forms of debt. Our team of friendly advisors offer debt help to find the right debt management solution for you.
While debit cards draw directly from your bank account, it’s still possible to incur debt through overdrafts or insufficient funds. At My Debt Plan, we offer expert advice on managing debit card-related debts, helping you understand your financial situation and providing tailored solutions. Our experienced advisors are ready to assist you in regaining control of your finances and avoiding further financial complications. Contact us today for free, confidential support.
Credit card debt is one of the most common types of non-priority debt as well as one of the most easily accessible. Contact My Debt Plan today if you’re struggling to repay your credit card debt.
Council tax debt and the debt solutions available that can help you pay off your council tax debts, call us on 0161 826 0585.
Managing business debt is crucial for maintaining your company’s financial health. At My Debt Plan, we offer comprehensive guidance on various types of business debt, including short-term loans, long-term financing, and revolving credit. Our expert advisors provide personalized strategies to help you effectively manage and reduce your business liabilities, ensuring sustainable growth and stability. Whether you’re facing cash flow challenges or planning for expansion, we’re here to support your financial journey. 
Credit Score Pop Up Wording : An Individual Voluntary Arrangement (IVA) is a formal agreement with creditors to repay a portion of your debts over time, but it does have an impact on your credit score and it will be difficult to obtain further credit whilst on an IVA. Once an IVA is approved, it is recorded on your credit report and will typically remain there for six years from the date it starts.
However, it’s important to note this is the case for most debt solutions and your credit score will likely already have been affected by being in debt in the first place.
Once your IVA is complete you will get a fresh start to begin rebuilding your credit rating.
IVA costs are charged for the preparation of your proposal and the administration of the arrangement for the full term (usually 5 years) these costs are charged from the monthly contributions you make into the IVA and are not in addition. Costs will only be recovered on approval of your arrangement and once you commence making payments to it. The fees for preparation of the proposal to creditors and calling the meeting for creditors to vote on its approval are called nominees fees, the fees for running the arrangement once approved are called supervisors fees. There are also some expenses incurred in the running of the arrangement such as the registration fee and the statutory insurance that needs to be taken by law, these are called disbursements. For our arrangements, the total of all of these is £3,650 although this may be adjusted by creditors when they vote on whether to accept. No matter what the end total of costs come to, you can be rest assured that these will be taken from the monthly payment we agree with you.
