Get debt free
Are you struggling to pay your debt?
Temporary protection from your creditors whilst you find a solution.
We provide IVAs by our licensed insolvency practitioner regulated by the Insolvency Practitioners Association. We provide information about all debt solutions but we do not provide advice as we are not regulated by the Financial Conduct Authority.
What is breathing space?
Breathing space is a scheme introduced in 2021 throughout England and Wales to help consumers struggling with problem debt.
There are two types of Breathing Space available. Both involve temporary protection from debt collection as measures are taken to get on top of outstanding debt.
For the duration, your creditors will not chase you for the debt and will also pause interest and charges. In return, you’d be to report any change in circumstances and keep up your regular payments such as mortgage repayments and tax.
Read on for more information on different types of Breathing Space.
Standard Breathing Space
This is a type of Breathing Space aimed at any consumers who are struggling with problem debt. To qualify, you must apply through an official debt advisor.
The benefits of this option include:
The Standard Breathing Space lasts up to 60 days maximum. After the initial 30 days, a review takes place to determine whether you will qualify for the extension.
Mental Health Breathing Space
This type of Breathing Space is intended for consumers struggling with debt, whilst also receiving Mental Health Crisis treatment, e.g. detained under the Mental Health Act.
If you qualify, then you will receive the same protection as Standard Breathing Space, but there are a few differences:
Who qualifies for breathing space?
Some of the eligibility criteria for Breathing Space include:
If you‘re struggling with your debts and meet the above qualifying criteria, then:
IVA Support
Step 1
Get in touch
Private & Confidential Support
The first step is the hardest but you’re in the right place – talking with one of our friendly assessors can help get the ball rolling.
Step 2
Explore your options
Debt help without judgment
Talk to us about your situation, and we’ll let you know if an IVA may be a potential solution for you.
Step 3
Take action
No Obligation Service
We can carry out a debt suitability assessment, and if you qualify for an IVA we can help put together an application with you. There’ll be no obligation and we’ll be on hand to answer any questions you may have along the way.
Dealing with debts can be incredibly stressful – if you feel that your financial situation is impacting your health, then there is help available to you.
We’ve gathered some information together that may help you recognise the signs that you may be struggling, as well as further support that is available to you.
Start by finding out if you qualify by answering the below questions
Our team of experts help thousands of families get their finances back on track with an IVA.
Is an IVA right for you?
We can discuss your eligibility for an IVA
Prefer to speak later?
We will offer guidance, support and a solution.
*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.