A detailed explaination on how a Debt Management Plan works

Is a Debt Management Plan right for you?

The Full list of Questions and Answers about Debt Management Plans.

You're Debt Free in 60 months or less

No more pressure from creditors

It's a formal Government backed scheme

Debts could be written off

Protects your assets

A good alternative to Bankruptcy

One affordable monthly payment

A detailed explaination on how a IVA works

Is a IVA right for you?

The full list of Questions and Answers about IVA's

Simplifies your finances

One monthly payment

Reduces your monthly outgoings

Makes your debts manageable

After a fixed repayment period,you're debt free

The Debt Consolidation method depends on how much you owe and your income.

A detailed explaination on how a Debt consolidation works

Is a Debt consolidation right for you?

The full list of Questions and Answers about Debt consolidation.

(only available for Scottish residents)

You may become Debt Free within 36 months

Free from harassment by creditors

You're legally free from debt at the successful completion of the Trust Deed

One affordable monthly payment

Debts could be written off

Interest & late payment charges frozen

Protects your assets

A good alternative to Bankruptcy

Aa more detailed explanation of how a Trust Deed works.

Go to our Finance Forum and submit your questions. Our Editor will reply.
Click here for the Finance Forum.

Otherwise why not check out our Questions & Answers. Click on a category.

Q&A's - for Debt Management Plans
Q&A's - for IVA's
Q&A's - for Scottish Trust Deeds
Q&A's - for Bankruptcy

There's no better feeling than knowing you've regained control of your finances

Debt Management, Debt Management
Plans, IVA, Trust Deeds and Debt Help
from Brokers Online

We fully understand the stress and pressure you're under. It's terrible to be constantly worrying about money, where the next penny's coming from and who to pay next. The truth is that sometime ends just don't meet.

That's when the team at Debt Release Direct swings into action. They help people from all over the UK , finding them sensible solutions that put them back in control of their own finances.

You're given the services of an experienced Debt Advisor who'll listen carefully to your money problems and talk things over with you. Then he or she, will discuss your various options and come up with a course of action which precisely fits your personal circumstances. Impartial advice designed to restore your financial freedom.

And the cost? We operate a NO UP FRONT FEES POLICY. Indeed, we only start charging for our service once your creditors have agreed your Plan.

" Thanks Debt Release Direct. You solved our money problems and in the process, our entire family life". The Williams family, London

"If Debt Release Direct hadn't stepped in, we would probably have lost our home. Our advisor has been absolutely great." Mr & Mrs H, Leeds

There's no better feeling than knowing you've regained control of your finances

Bankruptcy is seen as the very last resort. It is only recommended when all other solutions have failed.

It fees you entirely from overwhelming debts

All debts, interest & late payment charges are frozen.

Bankruptcy lasts a maximum of 12 months (Note: The Official Receiver can apply to the Court to delay your discharge from bankruptcy if you have not co-operated with your Trustee in Bankruptcy.)

Free from harassment by creditors

BUT you lose control of ALL your assets including any property you own, your car, even your life assurance policies. The only things you're left with are your every day furniture.

All your assets will be sold by your Trustee in Bankruptcy and the proceeds divided between your creditors. All debts which remain outstanding once your assets have been sold, have to be written off by your creditors.

And your Trustee entirely controls what money you live on during your bankruptcy.

More information about Bankruptcy.
Do you qualify for Bankruptcy?
Is Bankruptcy right for you?

Warning. Think carefully before securing other debts against your home.

All loans are subject to status. By taking out a consolidation loan, the repayment period is usually extended to reduce the monthly repayments and that can increase the total cost of the loan.

Your ability to obtain credit will be affected in the short term and might be affected in the medium to long term. Fees may be payable.

You can only apply for a Trust Deed if you live in Scotland. A Trust Deed is very like and IVA in England but it's written under Scottish Law. Under the Trust your creditors agree to write off a percentage of your debts - usually 60-70% - it could be more but that's not very likely.

Debt Release Direct will undertake all the negotiation with your creditors and supervises the operation of your Trust Deed. You make one agreed monthly payment to Debt Release Direct and they pay off your creditors as formally agreed.

A more detailed explanation of how a Trust Deed works.
Is a Trust Deed right for you?
A full list of Questions and Answers about Trust Deeds.

We know that debt worries can be overwhelming. Whether your problems are due to changed personal circumstances such as redundancy, a reduction in income, the break up of a relationship, or the relentless build up of financial pressures, help is now at hand.

Brokers Online has teamed up with Debt Release Direct to make their specialist skills available to you. A member of their team of highly experienced advisors will listen to your problems and come up with a solution which puts you back in control. Whether it's a Debt Management Plan or one of the alternatives they'll make sure it's the best solution for you. They'll then manage your debt solution taking care of the negotiations with your creditors and all the administration.
Submit your contact details and an advisor from Promise Debt Solutions will phone you for a confidential chat. You're under no obligation.

Got a Question?

Go to our Finance Forum and submit your questions. Our Editor will reply.
Click here for the Finance Forum.

Otherwise why not check out our Questions & Answers. Click on a category.

Q&A's - for Debt Management Plans
Q&A's - for IVA's
Q&A's - for Scottish Trust Deeds
Q&A's - for Bankruptcy

For Helpful articles about Debt matters, click here

It's an informal arrangement that allows you to pay off your debts with one monthly payment. The payment is split between the people to whom you owe money and it usually allows you to freeze your interest charges and write of some of the money you owe.

For a detailed explaination on how a Debt Management Plan works CLICK HERE.

Is a Debt Management Plan right for you?

For a full list of Questions and Answers about Debt Management Plans

What is an IVA ?

With an IVA your creditors agree to write off a percentage of your debts - usually 60-70% - it could be more but that's not very likely. Your IVA provider does all the negotiation with your creditors and supervises your IVA Agreement. You make one agreed monthly payment to your IVA supervisor who then pays your creditors as formally agreed.

A detailed explaination on how a IVA works

Is a IVA right for you?

For a full list of Questions and Answers about IVA's