Helping customers
take control of their debt.

We understand the impact of debt and that everyone's circumstances are different. You might have heard of a debt consolidation loan, but there are other options which could help to reduce or clear your debts, including Debt Management Plans, Individual Voluntary Arrangements (IVAs), Trust Deeds and Bankruptcy.

Fill in the form below with your details and one of our advisors will call you to discuss how we might be able to help.

 

Debt help could
be just three
steps away

1. Fill in the form
2. Click the button
3. We will call you

Please select your total debt.Please select your total debt. Please select your employment statusPlease select your employment status Please enter a valid post codePlease enter a valid post code Please enter a first name.
Please enter a surname Please enter a valid phone numberPlease enter a valid phone number. Please enter a valid email address.Please enter a valid email address.

By continuing, you accept our
terms and conditions To continue, please agree to the terms & conditions

 
 

A Debt Management Plan example.

 

This example is for a new client who approached us in March 2014 for debt advice. From the first month of the client's debt management plan, 74.4% of their monthly contributions were distributed to their creditors. The duration of the plan and the savings are dependent on any changes to the client's circumstances as the plan progresses, and may be longer or shorter than the 48 months quoted.

If you were to enter into a debt management plan the duration and any savings would depend on your personal circumstances and your creditors.

Helping people find a solution that fits their needs.

The answer for me was a Debt Management Plan

  • It's a flexible plan that lets me clear my debt at a pace I can afford.
  • I don't have to deal with my creditors, Churchwood do this for me.
  • A Debt Management Plan is not a method of writing off debt.

The answer for me was an IVA

  • My IVA lasts for a fixed period so I know how long and how much I have left to pay.
  • Any debt that I cannot pay back after this period is written off.
  • I am prohibited from obtaining £500 or more of credit during my IVA.

The answer for me was Bankruptcy

  • I couldn't afford to repay my debts in full within a reasonable amount of time.
  • My debts are legally 'wiped' off and my lenders will no longer contact me.
  • I will not be able to clear some of my other debts such as court fines.
 

Things you need to know.

About Our Fees

We charge a fee for our services. We provide a management service from the start to end of your plan.
We're with you all the way.

Impartial information

You can get FREE impartial
advice on your finances from the
Government's Money Advisory
Service.

Please remember

If you choose to restructure your debt over a longer term it could affect your credit rating.

 

Still unsure? We're here to help.

  • We've helped thousands of people with their debts.
  • Our plans are based on your individual circumstances.
  • Interest and charges from your creditors could be frozen.


Please select your total debt.Please select your total debt. Please select your employment statusPlease select your employment status Please enter a valid post codePlease enter a valid post code Please enter a first name.
Please enter a surname Please enter a valid phone numberPlease enter a valid phone number. Please enter a valid email address.Please enter a valid email address.

By continuing, you accept our
terms and conditions To continue, please agree to the terms & conditions

 
 

Answer

There are a range of debt solutions available that can help reduce or clear your debts, such as Debt Management Plans, Individual Voluntary Arrangements, Trust Deeds and Bankruptcy. Your individual circumstances will determine which product might be right for you.

Lenders do not have to freeze charges however, many mainstream lenders are signed up to the 'Lending Code' which is a set of standards that financial institutions can choose to follow. The interpretation of these standards may see lenders stop interest and charges to help a customer in financial difficulty, especially if it will help them to repay their debt. Other lenders may choose to reduce interest rather than freeze it. It is at the discretion of the lender.

If you choose to sign up to a Debt Management Plan this will not show up on your credit file - however the impact of reducing your contractual payments to creditors will affect your credit rating because you will not be complying with the original terms of the credit agreement. However, if you are struggling with debt and have been missing payments then your credit rating is likely to have already been affected by this.

If you are interested in enquiring about our services we have an expert team of advisors who will be able to help you with any questions you may have about our range of solutions.

At Churchwood we provide a management service from the start to end of your plan. Once you have signed up to a Debt Management Plan we will assign you to a dedicated member of our team who will be responsible for all your correspondence and any questions you may have.

There are a number of ways we can help you with your creditors. We will set up a payment plan to help you repay or clear your debts and you will no longer have to deal with your creditors, we will do this all on your behalf.







 
Take back control
call us NOW on: 0800 977 4040
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