Credit Score

Bennett Jones can help you check your credit score before you make any financial decisions, so you can be well informed throughout the entire process.

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

An IVA may not be suitable in all circumstances. Fees 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

There are many factors at play in the credit rating you have. Lenders want to see that you have repaid any previous debts, you’re able to pay new ones, and various credit accounts have been consolidated. Bankruptcy, for instance, can have a negative impact on your credit score for several years. Other types of insolvency (such as Individual Voluntary Agreements) may also have the same effect. You can also be turned down for a loan application due to your electoral status, failure to register bills at a UK address, or using several credit cards.

Does a credit check impact your score?

Repeated applications for unapproved loans are a sign that your finances aren’t as healthy as they could be. Whenever a lender performs a credit check and turns you down, the score is lowered. That’s why it’s vital to know what your status is before making the application in the first place.

Get the necessary insight with Bennett Jones

We are able to explain your current credit score if you are struggling to understand what it means. Our team will retrieve the full, accurate picture of your credit rating and tell you where it may be falling short, without influencing your score.

Bennett Jones’ role in your financial recovery

Bennett Jones can investigate what you’re spending, both personally and if you are self-employed in your business, and help you understand whether an Individual Voluntary Arrangement (IVA) is the solution you need. Whether you need an IVA, an alternative debt solution, or simply information to help you organise your spending, we can deliver some peace of mind.

Bennett Jones has helped thousands of people solve their debt problems. We understand how stressful and difficult life is when you can’t 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.

We are proud of our 5* Trustpilot reviews

June 2024, Lynne

5stars

Patient and understanding debt management advice. From the beginning to the end of my five year journey to take control of my debt everyone at Bennett Jones have been nothing but kind and supportive. Always supporting me without making me feel uncomfortable about my circumstances and explaining everything very patiently, showing understanding of how difficult this can be for someone to undertake and guiding me gently through concerns and daft questions. Thank you for your assistance in taking back control and making a fresh start after a particularly challenging time in my life.

June 2024, Safman

5stars

Excellent communication and support. From my first call 5 years back and the last one today. Bennett Jones has helped me a lot. They were there to guide through out the journey. Much appreciated.

May 2024, Adam

5stars

I would like to thank Bennett Jones for helping me with my IVA proposal. I'm a glass half full person but the realities of life and unforseen circumstances with finances had taken its toll. Bennett Jones have helped me to have a fresh start and take control back of my finances. It's a huge load lifted off my shoulders.......

April 2024, Beverley

5stars

I would like to thank Bennett Jones for all their help over the past 5 years.. I was in a pretty dark place financially. And through the debt advice helpline I found Bennett Jones.. From start to finish they have been professional sympathetic and always helpful. I've recommended friends who are also happy with their service. If I could give more than 5 stars I would.