Debts under £5k

1/ If you have a CCJ against you for one of the debts, you can make a personal application to the court for an Administration Order. This entails payment direct to the court of a single, regular, affordable amount which the court distributes to the creditors on your behalf.

A small charge is made by the court for this service, but once in force it does offer you the ability to rebuild your life and offers peace of mind. Whilst the order is in force, creditors must not put pressure on you and are obliged to accept the payments made via the court office.

If you pay your installments regularly, the court may agree to write off any remaining debts after three years, giving you a fresh start.

To qualify for an Administration Order, you must:

Have at least 2 debts
One of the debts must be a county / high court judgment
Your total debts must not be more than £5000.

2/ If you don't have a CCJ against you, we would suggest a Debt Management scheme which, if suitable should reduce your outgoings and debts dramatically.

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Our debt expert, Wally Stone has over 20 years experience in dealing with personal debt.

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Did you know...

According to a recent statement from the Citizens Advice Bureau, it could take 77 years on average for people asking for help with debt to get back into the black.

Britain's personal debt is increasing by £1 million every four minutes.