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Debt Consolidation Help
We’ve helped thousands across the UK consolidate debt into one affordable monthly payment with an IVA.
- Write off up to 80% of your debt*
- Combine your debts into one affordable monthly payment
All options will be clearly explained. Fees and considerations may apply. Checking your options will not affect your credit score.
You may qualify for debt help if:
- You owe £7,000 or more in debt
- You owe money to two or more creditors
- You can afford a monthly repayment
If eligible, an IVA could help reduce your monthly payments, freeze interest and charges, and help you regain control of your debt.
Free, confidential and with no obligation.
No impact on your credit score.
A typical example of an IVA*
| Loan(s) | £5,000 |
| Overdraft | £3,000 |
| Credit Card(s) | £13,500 |
| Store Card(s) | £4,500 |
| Utility Bill(s) | £1,500 |
| Total Owed | £27,500 |
Your monthly debt repayments:
£717
Current monthly repayments
£137
Example IVA repayment
DEBT REDUCED BY 78%
*A debt write-off amount of 80% is realistic based on the average figures of IVA clients between April 2024 to April 2025. We assess each customer individually based on their circumstances and payments to the IVA are based on what is realistic and affordable.
Use our free IVA Calculator to estimate your new monthly payment.
See if you could qualify for an IVA
Tell us about your debts
We’ll take the time to understand your circumstances — with no judgement or pressure.
We assess whether an IVA could be suitable
We’ll review your circumstances and explain whether an IVA could be suitable for you.
Move forward with confidence
If you decide to proceed, we’ll guide you every step of the way.
Complete the questions below to see if you could qualify for an IVA.
How we helped Timothy
Honest, real no nonsense help
Excellent, honest open advice given by non-judgemental empathetic people. A real light at the end of the tunnel! Thank you so much for your help and support.
£120
Monthly payment
£25,198
Debt amount
72%
Debt written off
Timothy
How we helped Lisa
Fantastic service
Explained everything carefully and professionally. Has put my mind at rest with my money.
£90
Monthly payment
£7,044
Debt amount
24%
Debt written off
Lisa
How we helped Barry
Great service and understanding
Really understanding and caring, great help from lovely staff who made me feel at ease from start to finish and have helped relieve my stressful situation.
£150
Monthly payment
£16,912
Debt amount
47%
Debt written off
Barry
Debt Consolidation FAQs
Debt consolidation is a way of dealing with multiple debts through a single, more manageable arrangement. Depending on your circumstances, this may involve combining debts into one affordable monthly payment rather than making separate payments to multiple creditors.
Depending on your circumstances, debt consolidation may help reduce your monthly payments. The amount you could save will depend on factors such as your income, expenditure, total debt and the solution that is suitable for you.
Debt consolidation can be a suitable option for people who are struggling to manage payments to multiple creditors. Whether it is right for you will depend on your individual circumstances, debts and financial situation.
Not all debts can be included in every debt solution. The debts that can be dealt with will depend on the type of arrangement that is suitable for your circumstances. We can explain which debts may be included and which may need to be repaid separately.
A consolidation loan may be suitable in some circumstances, but it is not always the best option. If you are already struggling with repayments, taking on additional borrowing may not solve the underlying problem. Other debt solutions may be available depending on your circumstances.
Potential benefits may include:
- One affordable monthly payment
- Easier budgeting and money management
- Reduced pressure from multiple creditors
- Greater control over your finances
- A clear plan to deal with your debts
Benefits will depend on the solution that is suitable for you.
As with any debt solution, there can be disadvantages. Depending on the option chosen, this may include an impact on your credit file, restrictions during the arrangement, or the possibility that not all debts can be included. All options should be carefully considered before proceeding.
Debt consolidation may affect your credit score, depending on the solution used. However, many people seeking debt help have already experienced some impact on their credit file due to missed or unaffordable payments. The effect will vary depending on your circumstances.
Money Advice helps people understand which debt solutions may be suitable for their circumstances. We can explain your available options, answer your questions and help you decide on the most appropriate way forward.
We’ve helped thousands across the UK reduce their monthly repayments with an IVA.
Rated 4.9/5 on Trustpilot from over 2,200 reviews, and 5/5 on Feefo from over 3,600 reviews.
Is an IVA right for you?
Answer a few questions to find out whether an IVA could suit your circumstances.
Prefer to arrange a call?
Speak to us about your options at a time that works best for you.
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.