Debt Solutions

Learn more about the debt solutions available

What is a debt solution?

Debt is something that affects people from all walks of life and it can be daunting to find a solution resolve problem debt.

Debt solutions were created to help people deal with their debt. Solutions can be formal procedures and fall under personal insolvency, such as an Individual Voluntary Arrangement and Bankruptcy, and informal solutions, such as Debt Management Plans and Negotiated Agreements with Creditors.

Hows do debt solutions work?

Each debt solution is designed to help people manage their debt and work towards becoming debt free.

Finding a solution that works best for you can be tricky because each solution has its own set criteria to be met to qualify for the solution. You will also need to look at the benefits and considerations of each solution so you can make an informed decision.

Below we outline the available debt solutions for residents of England, Wales and Northern Ireland.

Individual Voluntary Arrangement (IVA)

At UK Debt Service we specialise in Individual Voluntary Arrangements commonly refered to as an IVA.

An IVA is a formal debt solution and legally binding arrangement with your creditors to pay all or part of your debts.

An IVA typically lasts 60 months and when all of payments have been made, all unpaid debt is written off.

An IVA is a debt solution available to residents of England, Wales and Northern Ireland.

Other Debt Solutions


Debt Relief Order (DRO)

Debt Management Plan (DMP)

Administration Order

Debt Consolidation

Negotiated Agreement with Creditors