Debt types

✓   Write off unaffordable debt
✓   One monthly repayment
✓   Only pay what you can afford
✓   Become debt free

Bennett Jones is associated with The Debt Advisor Limited who are authorised and regulated by the Financial Conduct Authority to provide debt advice. An IVA may not be suitable in all circumstances. Fees may apply. Entering into an IVA will affect your credit rating. You could write off up to 80% of your debts upon successful completion of an IVA.(10% of our customers wrote off 80% in the last 12 months, with a typical figure of 25%-75%).

See if you are eligible

Most people incur debt throughout their lifetime. Lending and borrowing are part and parcel of the modern economy – it’s only when you can’t pay back your debts that they become a problem.

Loans, mortgages and credit cards

Loans, mortgages and credit cards are regarded as necessities but issues arise when repayments become problematic. More…

Home debts

Council tax and utility bills are compulsory debts for every homeowner – which is why setting up a payment plan is essential. More…

Income tax and VAT

Income tax and VAT are government debts – failing to pay can have serious consequences with HM Revenue & Customs. More…

Income tax and VAT

Income tax and VAT are government debts – failing to pay can have serious consequences with HM Revenue & Customs. More…

Debt collection

When your creditors send a debt collector to your property in an attempt to claim the money they’re entitled to. More…

Business debts

Cash flow is key when running a company. When expenses start to outweigh revenue, it’s vital to take fast action as business debts mount. More…

Family and joint debt

Joint and family debt agreements can be beneficial and can increase the likelihood of you being able to afford something important in the future. More…

Unlicensed street lenders

Loanshark borrowing is dangerous due to the harassment methods these people often use to chase debts. Interest rates are also sky-high.

Credit score

It’s hard to borrow without a good credit score. Your score is checked every time you apply for a loan. Access your credit report for free. More…

Manageable debts that can comfortably pay back over an agreed period are often a necessary part of life. But when debts become unmanageable, they becomes a problem. There are many ways debts can suddenly become unmanageable:-

  • Redundancy
  • Cut in hours
  • Unemployment
  • Illness, especially for the self-employed
  • Unexpected costs such as unexpected home repairs

Why choose Bennett Jones?

Bennett Jones has helped thousands of people solve their debt problems. We understand how stressful and difficult life is when you cannot pay your debts and your bills.

You can trust Bennett Jones to help you if you are struggling to pay your debts. We specialise in Individual Voluntary Arrangements – a legal solution that allows for unaffordable debts to be written off. With an IVA from our team, you will make affordable repayments to your creditors over a fixed period, with the remaining debt written off at the end.

An Individual Voluntary Arrangement (IVA) is not suitable for everyone who needs help with their debts. If an IVA is not right for you we can refer you to an FCA authorised and regulated practice for full debt advice.