Do you feel caught in a debt trap, like there is nowhere left for you to turn when it comes to your finances and credit? Many people have felt like that at one point or another in their life. The important thing to know is that you have options. Here’s a quick guide to setting […]
The effect of debt on children. According to The Money Charity1, people in the UK owed ÂŁ1,692 billion by the end of November 2020. This is ÂŁ21.6bn more than the previous year and an extra ÂŁ408 per adult. The Covid-19 crisis has pushed even more families in debt – the loss of jobs, school closures
A package to help tenants freeze rent payments was introduced by the government during the cv health crises. Can I be evicted if I can’t pay rent? The government has put a temporary ban on all new eviction cases in England and Wales. For a period of three months, your landlord cannot apply for a
How to Freeze Rent Payments during the coronavirus crisis Read More »
We welcome the Financial Conduct Authority’s temporary financial relief package to allow a mortgage holiday; this sees a standard baseline set of payment freeze and other help across the consumer credit sector take effect from Tuesday 14 April for people whose finances have been negatively impacted by the coronavirus crisis. One of the specific policies
How to take a Mortgage Holiday during coronavirus crisis Read More »
For many people, personal financial considerations and the shut-down of services affected their ability to work as well as their earnings during the pandemic. To offset some of the adverse effects the nationwide quarantine has had on businesses and employed and self-employed individuals, the Government has, alongside banking institutions, announced plans for financial aid. Here’s
Coronavirus – Personal Financial Considerations Read More »
Become Debt Free is a trading style of Re10 (Finance) Limited Registered Number 04651137.  Data Protection Act Registration Number – Z8613095
Become Debt Free specialise in providing and administering Individual Voluntary Arrangement (“IVA”) solutions to individuals based in England, Wales and Northern Ireland.  We do not administer Debt Management Plans, Debt Relief Orders, or any other debt solutions.  We only provide advice after completing or receiving an initial fact find where the individual(s) concerned meets the criteria for an IVA, therefore, all advice is given in reasonable contemplation of an insolvency appointment.
* To qualify for debt write off in an IVA with us, you must have a minimum of £7,000 of qualifying unsecured debt owed to two or more creditors.  The amount of debt write off is based on your own personal circumstances – typically this could be up to 85% of what you owe; and this has been achieved by over 10% of our customers who have successfully completed their IVA’s in the last 12 months. The amount of debt write off differs for each customer and is dependent upon their individual financial circumstances and subject to the approval of their creditors.
Andrew Bowers is authorised in the UK to act as Insolvency Practitioner by the Insolvency Practitioners Association.