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Analyser Tool from ClearDebt

ClearDebt Analyser

The ClearDebt Analyser is a unique free tool which shows you your best way out of debt - whether an IVA, debt management, debt consolidation or bankruptcy. Immediate results on screen help you say goodbye to debt worries for good!

DebtCalc Tool

Debt Repayment Calculator

Easy to use Debt Repayment Calculator illustrates how you can clear your debt and become debt free.

Our debt calculator illustrates the effect of a change in APR on your debts over time.


Case studies

Become debt free

ClearDebt helps people beat debt and become debt free. Read about our recent cases below where we have helped clear debt.

Taking responsibility - credit card debt dropped by more than 40%
IVA prevented business failure
Clear debt with an IVA - and starting life again

Case studies are all genuine individual cases. For confidentiality no real names or photographs are used.


Facts and Figures
Money Debt£26,707 average debt
average income from analyser£1,360 per month average net income
male debtor icon58% male
female debtor debt icon42% female
Birthday cakeAverage age 32

Debt statistics from ClearDebt generated from live user data from people who have completed our Debt Analyser.


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Debt Advice - Interim Order

Interim Order

If you are experiencing significant and immediate pressure from your creditors, such as threats of legal action or bankruptcy proceedings, you may well benefit from the protection of an Interim Order.

An individual who is intending to propose an IVA can apply for an Interim Order with the assistance of their nominee.

An application for an interim order is made to the court which requests that you are given a period of time (usually 28 days) within which to make a proposal to your creditors.

If granted, the interim order basically prevents all creditors from pursuing any legal proceedings against you. If legal proceedings have been commenced, then they are frozen at the stage they have reached.

During the period when you have interim order protection your creditors can then consider whether or not to agree to the terms you have proposed.

You should note that it is only possible to apply for one interim order during a 12-month period.

Links to related ClearDebt articles:

Comparison of debt options

Guide 1 - Credit Rating

Debt Advice - CCJs

Debt Help Links

Downloadable debt help guides

Free Debt Advice

Bailiffs: the law and your rights

Citizens Advice about Final Demands

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news

Latest news about UK debt

'Affordability likely to worsen for borrowers'
(5 Feb 07) A leading economist has warned that affordability levels for borrowers and homeowners are likely to deteriorate ... more >>
Finance education 'failing young people'
(4 Feb 07) A leading member of the Liberal Democrats has called the level of financial education in the ... more >>
More than 100,000 chose insolvency in 2006
(4 Feb 07) Official figures show that the number of people who went insolvent last year is likely to ... more >>
Desperate borrowers 'feel obliged' to repay debts
(3 Feb 07) Most borrowers genuinely feel guilty about not being able to pay off all their debts despite ... more >>
Sub-standard affordability checks 'deeply irresponsible'
(3 Feb 07) Checks on people applying for unsecured credit have been described by uSwitch as "woefully inadequate". ... more >>

FAQs

IVA FAQs

IVA Advice: What exactly is an IVA?
IVA Advice: How long will the IVA last?
IVA Advice: Can creditors change their minds if the IVA has been agreed?
IVA Advice: How much will the IVA monthly payments be?
IVA Advice: When is the best time to do an IVA?
IVA Advice: I am self-employed. Can I do an IVA and continue trading?

glossary
Tired of debt jargon? Search our glossary of debt terms:

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