Common Debts

Other Common Debt Problems in Northern Ireland

Regardless of the type of debt you are dealing with, the experts at Northern Ireland Debt Solutions are here to help. With decades of experience helping individuals just like you, there is little our team hasn’t seen before.

From those struggling with gambling debt, others who have fallen into arrears with their mortgage, and those who can no longer keep up with the payments on their car loan or finance agreement, we’ve seen it all.

Quite often individuals come to us struggling with a variety of loans and debts owed to different providers. This is surprisingly common, as debt has a habit of escalating out of control. What starts as a small catalogue debt, can quickly spiral into a number of credit cards, buy now pay later schemes, and payday loans.

We can look at ways of bringing all of these debts together and dealing with them all at once. This may involve entering into a formal repayment plan known as an Individual Voluntary Arrangement (IVA). IVA’s are legally-binding, meaning that once one has been agreed to, creditors are not allowed to demand any additional or increased payments off you at any point. Furthermore, it is typically the case that some debt is written off entirely as part of the process.

For others, their debt problems will have become insurmountable, and the only viable option is to declare bankruptcy. While bankruptcy is certainly a serious step to take, it can be the fresh start which is so desperately needed once debt has escalated out of control. Bankruptcy will affect your credit rating going forward, but it can provide some much-needed relief.

“Before the Debt Management Plan, I felt like I was drowning in debt with no way out. It gave me the structure and support to manage my repayments and negotiate with creditors. For the first time in years, I can see a clear path forward, and the stress of juggling bills is finally easing.”

Our debt advisers are highly experienced in dealing with all manner of debt problems, ranging from small credit card and overdraft debt, through to huge levels of personal tax arrears or mortgages which are tied to properties in negative equity. No matter how bad you feel your debt situation is, we can help.

Everyone experiences debt in a different way, and that is why our advisers pride themselves on treating everyone they speak to as the individual they are. There is not a one size fits all solution to problem debt, but rest assured there is a solution for every debt problem. Contact the debt help experts at Northern Ireland Debt Solutions to start your journey to a debt free future.