Debt solutions | Free debt help and advice from CCCS

Debt solutions

So many options

There are so many ways of resolving your debt problem, it is often confusing to know which way to turn. We provide personalised debt counselling which enables us to assess your individual circumstances and provide you with the most suitable recommendation based on best advice and over 15 years of experience.

Personalised debt solutions

If you want to know what solution is best for your we recommend you call our helpline or use our online debt counselling service to get tailored advice. Our services are entirely free of charge.

This section will provide you with information on the different types of debt solutions available; including debt management plans, individual voluntary arrangements, bankruptcy and debt relief orders. It will also give you practical tips about things to consider.

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FAQs

Can a debt management plan with CCCS stop interest and charges on my debts?

A debt management plan is not a legally binding agreement. Your creditors are not obliged to freeze the interest on the debts you have. However we do have excellent relationships with creditors and we do request that they stop any further interest being added and charges being made.

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Will I lose my home if I make myself bankrupt?

If you are a homeowner and have equity in your property, it is likely that you would be made to sell it. This would be needed in order for you to use the equity towards the debts that you owe.

It may be possible to safeguard your home if a family member or friend is willing to buy your share of the property (usually expected to be the market value of your share of the property). This enables the equity to be released, but still allows you to stay in your home.

If your property is in negative equity, where your mortgage is more than the property is worth, you may be given the opportunity to keep your home.

Other debt solutions may be more appropriate and allow you to keep your property. If you would like to know if bankruptcy is the right solution for you please use our online counselling service or call our free Helpline on 0800 138 1111.

Will my creditors stop the interest and charges?

Creditors may consider freezing interest and stopping charges to give you an opportunity to improve your situation. It is at the discretion of the creditors to do this as they are not legally obliged to do so.

Can you offer me a consolidation loan?

We do not offer debt consolidation as a service, and we will not refer you to any organisations that do.

If you are having difficulties in paying your creditors, there are better solutions to your situation. Please use our online debt counselling service, CCCS Debt Remedy, or call our helpline for further advice.