We have a simple goal; Helping you discover the best method to get out of debt.
Worried about debt?
If you have debts above £7,000 and you meet the qualifying criteria. You could be eligible to make a fresh start by writing off a large portion of your debt.
  • A complete debt check.
  • A clear breakdown of all your options
  • Approved & Regulated debt advice.

A complete debt check.

A clear breakdown of all your options

Approved & Regulated debt advice.

Check your debts Online Check and see if you are eligble for help and support to write off your debts.

Check your debts Online

Write off your debts

People in the UK struggling with their debts can use an Individual Voluntary Arrangement as a way of resolving their debt problems. This option allows you to write off unaffordable debt without going bankrupt.

  • Protect your assets such as your house or car.
  • Genuine opportunity to Make a fresh start on your credit file
  • Avoid Bankruptcy

How does it work?

If you are struggling to pay off your debts each month then you can enter into an agreement with your creditors whereby you only pay what you can afford each month for a fixed period (usually 60 months)”

Providing you stick to this arrangement, at the end of your fixed period, creditors will write off any remaining debt.

Your creditors, after being presented with an IVA proposal which contains evidence of your financial affairs will review your case and providing they are happy with your proposal, you will enter into a legal arrangement and as long as you abide by the IVA terms and maintain the monthly payments, any remaining debt will be legally written off after the fixed period which is usually 60 months.

*The debt write off amount for each customer differs depending upon their individual financial circumstances and is subject to the approval of their creditors

Take back Control

Individuals can find themselves in financial difficulties for any number of reasons, often through no fault of their own. Illness, breakdown of a relationship and loss of job are common reasons but people don’t like to talk about these personal things.

You are not alone, the good news is that regardless of how much you owe, if you have fallen behind with your repayments, you can set up new agreements with all your creditors to take back control of your finances.

Frequently asked questions

An IVA is an alternative to bankruptcy which allows you to protect assets you may not be able to protect through bankruptcy.
When you enter into an IVA, it will appear on your credit file for six years from the date your IVA is approved. If you finish your IVA early, it’ll still appear on your credit file for six years, however it’ll be marked as complete. If your IVA takes longer than six years, it’ll appear on your credit file until the IVA completes. Once you have successfully completed your IVA you will be debt free, you will receive a certificate of completion from your Supervisor and your credit file will show your IVA as successfully completed. Please note It usually takes another 12 months after completing your IVA for any IVA markers to completely disappear from your credit file.
Unlike Bankruptcy, an IVA protects your property and the equity held within it. As a result, an IVA applicant will not be required to sell their home. Instead, creditors will demand that you try to release any equity at a pre-arranged time during the IVA term. Fortunately, creditors’ expectations will be limited by the IVA protocol ensuring they can’t force you to sell your home if you can’t release equity from it. Instead the IVA will be extended for 12 months in lieu of any equity that can’t be released.

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Trusted reviews

Theresa
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I rated them 10 out of 10 because I liked the way they treated me. I have been on a debt management plan previously with another company which I was not happy with but NTF have helped me.
PB
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Before coming into to the IVA I was working all the hours I could just to make ends meet, which was very stressful. Now I am able to take time off and spend a few days with my family. I can't thank NTF enough.
KS
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Just wanted to say a big thank you for your help and support in setting up the IVA... You won't believe the weight which has just been lifted off my shoulders.
Ruth
Read More
From the bottom of my heart I am grateful for everything they have done and sorting my finances out.
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Frequently asked questions

An IVA is an alternative to bankruptcy which allows you to protect assets you may not be able to protect through bankruptcy.
When you enter into an IVA, it will appear on your credit file for six years from the date your IVA is approved. If you finish your IVA early, it’ll still appear on your credit file for six years, however it’ll be marked as complete. If your IVA takes longer than six years, it’ll appear on your credit file until the IVA completes. Once you have successfully completed your IVA you will be debt free, you will receive a certificate of completion from your Supervisor and your credit file will show your IVA as successfully completed. Please note It usually takes another 12 months after completing your IVA for any IVA markers to completely disappear from your credit file.
Unlike Bankruptcy, an IVA protects your property and the equity held within it. As a result, an IVA applicant will not be required to sell their home. Instead, creditors will demand that you try to release any equity at a pre-arranged time during the IVA term. Fortunately, creditors’ expectations will be limited by the IVA protocol ensuring they can’t force you to sell your home if you can’t release equity from it. Instead the IVA will be extended for 12 months in lieu of any equity that can’t be released.

Trusted reviews

Theresa
Read More
I rated them 10 out of 10 because I liked the way they treated me. I have been on a debt management plan previously with another company which I was not happy with but NTF have helped me.
PB
Read More
Before coming into to the IVA I was working all the hours I could just to make ends meet, which was very stressful. Now I am able to take time off and spend a few days with my family. I can't thank NTF enough.
KS
Read More
Just wanted to say a big thank you for your help and support in setting up the IVA... You won't believe the weight which has just been lifted off my shoulders.
Ruth
Read More
From the bottom of my heart I am grateful for everything they have done and sorting my finances out.
Previous
Next

Get in touch

About us

At Check My Debt we can remove the stress of debt by helping you see clearly the effective solutions available to you. Our goal is to provide clients with complete debt advice so they don’t have to go elsewhere.

 With over 35 years of experience between our team of experts, we can ensure you get the best advice which is practical and fair for your situation.

Take the next step, speak to one of our friendly Debt specialists who can guide you through the options available to you!
Check today if you qualify for debt help

Get help with your debt now

Free debt counselling, debt adjusting and credit information services are available from the Money Advice Service.

Find out more about managing your money and getting free debt advice, visit Money Advice Service, an independent service set up to help people manage their money. For further impartial advice please consult publications published by the Insolvency Service (England & Wales) In debt dealing with your creditors, the Department of Enterprise, trade and Investment (Northern Ireland) or debt advice published by the Scottish Government

Free debt counselling, debt adjusting and credit information services are available from the Money Advice Service.

Find out more about managing your money and getting free debt advice, visit Money Advice Service, an independent service set up to help people manage their money. For further impartial advice please consult publications published by the Insolvency Service (England & Wales) In debt dealing with your creditors, the Department of Enterprise, trade and Investment (Northern Ireland) or debt advice published by the Scottish Government
A Debt Relief Order (DRO) is a type of insolvency. A DRO has a duration of 12 months and after approval it will write off all unsecured debt giving you a complete fresh start. To Qualify for a DRO you must have unsecured debts of £20,000 or less and a disposable income of £50 or less.
A Debt Management Plan is a debt solution with a repayment schedule that fits in with your income and expenditure. A single reduced payment will allow you to manage your finances better and pay back what you can afford every month.

One of the more popular debt solutions – An IVA allows you to repay your debts over a set period of time (usually 60 months) after which any remaining amount owed will be legally written off, this provides protection from creditor action and in most circumstances all interest and charges will be stopped.

Bankruptcy is a formal court procedure which you can start yourself if you can’t pay back your debts, as well as applying for bankruptcy yourself, someone else you owe money to (a creditor) can ask a court to make you bankrupt, even if you don’t want them to. They can only do this if you owe at least £5000 or more. Your assets (with certain exceptions) are sold to help pay your creditors. However, you can usually keep your personal belongings, the contents of your home and your tools of trade (which may include your car) unless they have a high value. If you have surplus income after meeting your essential household and personal expenses, you will have to make payments out of your income for up to 3 years. Your assets and income are dealt with by a licensed and regulated insolvency practitioner or by a government official called the official receiver. Bankruptcy usually lasts for 1 year, and once you have been freed (discharged) from your bankruptcy, you are released from your debts (with certain exceptions).

www.check-my-debt.co.uk is a trading style of NTF Financial Solutions Limited. Company Number 06619172.
Registered office: Suite 4, Aus Bore House, 19-25 Manchester Road, Wilmslow, SK9 1BQ.
Nick Morgan and James Kaye are licensed to act as an insolvency practitioner in the UK by the institute of Chartered Accountants in England and Wales (ICAEW). We do not provide advice in relation to debt management and other similar products. We only provide advice in the reasonable contemplation of an insolvency appointment.