Category: Help With Debt

Chasing and Managing Debts by HMRC

January 18, 2021 Help With Debt

hmrc debts written off

Her Majesty’s Revenue and Customs (HMRC) the governing body of the UK deals with various debts, taxes, and national insurance. Mainly the HMRC gives the…

Individual Voluntary Arrangement — Worthy Or Unworthy?

January 18, 2021 Help With Debt

Is an IVA worth it?

The Individual Voluntary Arrangement (IVA) acts as a bridge between you and the people who owe money, regarding debt repayments. On the other hand, the…

Best Debt Management Solutions To Get Debt-Free

March 20, 2020 Help With Debt

If you are struggling to make the monthly payments, then you might find the debt management program is the best option for you. Before applying…

UK Government Debt Schemes: Options to Pay Off Your Debts

February 24, 2020 Help With Debt

We live in an era where debts have become a part of life. Each day we have to think of ways in which we can…

How to Write Off Debt? Will it Affect Debt Credit Rating?

February 12, 2020 Help With Debt

Is it possible that you can write off debts? Your creditor might agree to write off your debt to some extent. Well, it completely relies…

Disclaimer: This website nationaldebtlines.co.uk is in no way related to Step Change Debt Charity or approved by the Government. However, the product (IVA) which we specialise in, is processed and managed by Insolvency Practitioners under the following legislation: The Insolvency Act of 1986 (amended by the Insolvency Act 2000 and the Enterprise Act 2002) introduced a new procedure whereby a debtor could come to an arrangement with his/her creditors to pay his/her debts in full or in part over time as an alternative to bankruptcy.
The Insolvency Service, an independent government agency, has produced a guidance leaflet on dealing with your creditors. In some cases and with some debt solutions a proportion of debt can be written off. The amount written off will depend on your circumstances, income, level of affordability, assets and the current write-off policy of your creditors.