Free, impartial debt advice is available from MoneyHelper — a free service backed by the UK government.
Free, impartial debt advice is available from MoneyHelper — a free service backed by the UK government.
At Debt Free Team, we're committed to helping individuals understand their debt relief options. We are an introducer — we do not provide debt advice and we do not assess what is suitable for you. If you consent, we may pass your details to a partner firm who can discuss the options available to you.
May not be suitable in all circumstances. Other debt solutions are available and may better suit your situation. Fees apply. Your credit rating may be affected. See full details →
Contact us
We'll ask a few basic questions about your debts, income, and expenses.
If you consent, we will pass your details to a partner firm whose specialist will explain the options available to you.
If suitable, we'll refer you to a licensed Insolvency Practitioner to prepare your IVA proposal.
Creditors vote on your IVA. If accepted, they must stick to the terms.
One monthly payment based on what you can realistically afford, as agreed with your provider.
After typically 5 or 6 years, any remaining qualifying debt may be written off, subject to the terms of your IVA and successful completion of payments.
How we are paid: We are a commercial introducer. If you go on to use a partner firm's services, we may receive a fee or commission from them. This does not affect the advice or service you receive from the partner firm.
We know dealing with debt can be stressful. Our process is straightforward, personal and completely confidential, and we're here to support you without judgment.
Contact us
Your credit rating will be affected. An IVA is recorded on your credit file and will affect your ability to obtain credit, typically for 6 years.
Not all debts are included. Some debts (e.g. student loans, fines, child support) cannot be included in an IVA.
Assets may be at risk. You may be required to release equity from your home or sell certain assets as part of your IVA agreement.
You must maintain your payments. Failing to keep up with agreed monthly payments can lead to the IVA failing and creditors taking further action.
Creditor approval is required. An IVA must be agreed by creditors representing at least 75% of your debt by value. It is not guaranteed to be accepted.
Fees apply. The Insolvency Practitioner who manages your IVA will charge fees, which are typically taken from your monthly payments. Full details will be provided before you proceed.
Whether an IVA or another solution — such as a Debt Management Plan, Debt Relief Order, Bankruptcy, Breathing Space, or Administration Order — is appropriate depends entirely on your individual circumstances. The partner firm will assess your situation and explain all the options available to you before you commit to anything.
Take the first step towards understanding your options. Contact us today and, if you consent, we will pass your details to a partner firm who will discuss the debt solutions available to you.
What we do: We are an introducer. We do not provide debt advice and we do not assess what is suitable for you. If you consent, we may pass your details to a partner firm who can discuss options with you and confirm eligibility.
Before you contact us: An IVA affects your credit rating for up to 6 years, fees apply, and creditor approval is not guaranteed. See Important Considerations above for full details.
10 Broad O' Th Lane, Shevington, Wigan, WN6 8EA
Tel: 0161 560 5920
help@debtfreeteamlive.co.uk