Debt Management Plans

Debt management plans give you expert help to manage your creditors and payments.

You make a single payment that you can afford. We deal with your creditors and send out payments for you. Debt management is a flexible way to clear your debts over time.

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IVA

IVAs are formal agreements that write-off the debt you cannot afford to repay.

Individual voluntary arrangements provide you with legal protection from your creditors, a single monthly repayment, and experts who will deal with your creditors for you.

Bankruptcy

Bankruptcy may be the best option if you are tackling a serious debt problem.

This can be the quickest and cheapest way to sort out a serious debt problem. You could be clear of your debts after just one year. We discuss some untrue bankruptcy myths.

Debt Relief Order

Debt relief orders help people with smaller debts and limited spare cash.

If your debts total less than £30,000 and you own few assets, you may qualify for a Debt Relief Order. A DRO could provide you with a low-cost and fast route to debt relief.

Scotland

If you live in Scotland, the debt solutions that you can use are different.

Scotland has an excellent range of debt solutions. These include protected trust deeds, the debt arrangement scheme (DAS), and a slightly different bankruptcy process.

Debt consolidation is the act of taking out a new loan to repay your current debts.

Debt Consolidation

This option can reduce interest rates, your monthly costs, and your repayment term. It can also be risky if not properly planned. Sometimes it worsens a debt problem rather than fix it.

Debt Advice

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If you choose to enter a debt management plan with Bright Oak fees will apply.

 

Debt management plans can lead to an increase in the overall amount repayable.

 

Your ability to obtain further credit will be affected.

 

If you change your mind about starting a debt management plan with us, you have 14 days to cancel.

 

 

 

Calls to our 0800 telephone number from some networks may be chargeable.

 

Information About Our Services And Fees

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Free-To-Client Debt Advice

The Money Advice Service provides details of organisations that offer free debt advice and services.

(c) Bright Oak Ltd. Company Number: 06774006. Data Protection Registration: Z1657982.

Telephone calls may be monitored or recorded. Authorised and regulated by the Financial Conduct Authority.

Bright Oak, Cardiff House, Priority Business Park, Barry, CF63 2AW. Tel: 02920 492661.

Information About Our Services And Fees

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02920 492661

0800 0437222

Information About Our Services And Fees

Debt management plans give you expert help to manage your creditors and payments. You make a single payment that you can afford. We deal with your creditors and send out payments for you. Debt management is a flexible way to clear your debts over time. Read more Read more Read more Read more Read more Read more IVAs are formal agreements that write-off the debt you cannot afford to repay. Individual voluntary arrangements provide you with legal protection from your creditors, a single monthly repayment, and experts who will deal with your creditors for you. Bankruptcy may be the best option if you are tackling a serious debt problem. This can be the quickest and cheapest way to sort out a serious debt problem. You could be clear of your debts after just one year. We discuss some untrue bankruptcy myths. Debt relief orders help people with smaller debts and limited spare cash. If your debts total less than £30,000 and you own few assets, you may qualify for a Debt Relief Order. A DRO could provide you with a low-cost and fast route to debt relief. If you live in Scotland, the debt solutions that you can use are different. Scotland has an excellent range of debt solutions. These include protected trust deeds, the debt arrangement scheme (DAS), and a slightly different bankruptcy process. Debt consolidation is the act of taking out a new loan to repay your current debts. This option can reduce interest rates, your monthly costs, and your repayment term. It can also be risky if not properly planned. Sometimes it worsens a debt problem rather than fix it.