We have their specific permission to use their story & figures, and we have changed their name to protect their privacy.
Lynn contacted Debt Solvo for help on the 16th of June 2021
See below how we’ve managed to help
71 % Average approved debt write off for our customers*
Find My Solution** During 1st Jan to 19th Decembember 2023, data analysed
‡ Of the people that we helped in 2023, assuming their IVAs or Trust Deeds conclude successfully
For more help and advice, visit the Money Helper, an independent service set up to help people manage their money. Or find out more about the different options for paying off your debt here. IVAs are only available in England, Wales and Northern Ireland. Protected Trust Deeds are available in Scotland.
We have their specific permission to use their story & figures, and we have changed their name to protect their privacy.
Lynn contacted Debt Solvo for help on the 16th of June 2021
See below how we’ve managed to help
Total debt level
32,971.42
Monthly payment
£595.00
Debt reduced to
5350.00
Monthly payment reduced to
£150.00
Debt written off
83%
Debt is one of the worst taboo subjects. It took me years to face up to mine and months to contact Debt Solvo. My only regret is not doing it sooner. I shook the whole way through the telephone call with Hayley but she was so kind and non-judgemental. She was the first and only person I have admitted to how bad things were in my life. She took me through all the options and supported me in my decision. A great weight was lifted from me and I only had to provide the information needed. Hayley and Adam took care of everything else. The night I spoke to Hayley was the best night’s sleep I had in ages. I cannot recommend this company and it’s staff highly enough.
Contact our dedicated team of experts for honest and impartial information
Make an informed decision about the best Debt Solution for your circumstances
Move forward with a plan built for your journey back to financial stability
At Debt Solvo we are experienced in dealing with a wide range of debt solutions which are used to combat out of control unsecured debt. Examples of unsecured debts are credit cards, council tax, store cards or personal and payday loans. Our expert advisors will be on hand to share their wealth of experience with you and deal with any confusion you may have about what type your debts are, whether they may be included in your debts solution and which debt recovery option is best for you. We will also make sure you are aware of how different plans for repayment will impact the total amount you owe, and what effects your solution will have on your financial future.
All initial consultation is free and confidential and you are under no obligation. If you qualify for debt help, your monthly repayments will be reduced to an amount that you can comfortably afford and that are acceptable to those people that you owe money to. Fees are only charged if you enter into a financial solution and your provider will confirm the associated costs within their terms and conditions. But it’s all built into the monthly amount that you pay.
There is a simple reason for this. The potential debt solutions which are available really are life changing, but it's not a one size fits all. It's important we understand your situation properly to be able to give you the best service and get that weight off your shoulders for good.
What we can promise is that this is in complete confidence, it doesn't take long and is really simple. We literally speak to thousands of people in the same if not worse situation as you, so you won't be telling us anything that we haven't heard lots of times before.
Our advisors are all UK based (Manchester actually) and are very friendly and helpful.
They are trained so that they ask the questions that we need the answers for in order to help you the best we can. It means that we know that we have met our obligations to you in a friendly, non-judgmental way.
That depends on what method of debt solution you ultimately choose, what levels of your debt are and what you are able to afford to re-pay. The answers to these questions are as unique as you are.
But, if an IVA is selected, a standard IVA usually lasts for 5 years (60 monthly payments), although it can be completed in as little as 12 months if you can propose a lump sum payment to settle your debts.
If you are a homeowner with equity, this will be reviewed in the final year of your IVA. You may be required to introduce some of your share of the equity into the agreement. If this is not possible then your IVA could be extended for up to another year. This will all be explained in detail prior to applying for an IVA.