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.
Debt Advice
We undertake holistic debt advice to establish your circumstances and the most appropriate debt solution that suits your circumstance and preferences allowing you to make an informed choice.
Debt Management Plan (DMP)
A DMP is an informal arrangement that helps manage your debts and pay them off at a more affordable rate by making reduced monthly payments to your unsecured creditors.
Debt Arrangement Scheme 
A Debt Arrangement Scheme (DAS) is a Scottish government-run debt management tool which allows you to repay your debts through a debt payment programme (DPP).
The DPP will allow you to pay off your debts over an extended period of time while giving you protection from your creditors taking action against you to recover the debt in the DPP. It will freeze all interest, fees and charges on the debts included.
Individual Voluntary Arrangement (IVA)
An IVA is a legal agreement in England & Wales allowing you to repay a reduced amount from any surplus monthly income.
Protected Trust Deeds (PTD)
A PTD is a legal agreement in Scotland allowing you to repay a reduced amount from any surplus monthly income.
Bankruptcy / Sequestration
Bankruptcy helps you become discharged of debt that would otherwise take years to clear - but it's a serious step and not undertaken lightly.
Debt Relief Order (DRO)
An alternative to bankruptcy, where you have minimal assets, very limited disposable income and you are discharged after 12 months.