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We provide legitimate solutions to minimize your debt and help you to restore your financial condition.

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About IVA

What Is an IVA?

IVA stands for Individual Voluntary Arrangement. It is a legal agreement done between you and your creditors that tells you the timeline for you to repay the debt. The standard timeline mentioned in this formal agreement is usually five to six years. Having a debt can be stressful and sometimes feel like a burden. IVA is the solution people across the UK and Northern Ireland can use to manage their debts such as credit cards, overdrafts, and loans.

IVA allows you to set a course for your monthly payment based on your financial condition at present. Getting the agreement done will help you to pay your debt in installments, and the amount you have to pay every month will be according to the money you can afford. As you continue with the repayment, the remaining debt is written off at the end of the agreement.

Learn More About IVA
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Why Choose Step Away Debt for Debt Management?

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Qualified Debt Advisors

We have an experienced team of debt advisors assisting our client-base in the UK and Northern Ireland successfully.

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Tailored Debt Management

Every financial situation related to debt is different. And, therefore, we prepare a tailored debt management plan to fit the needs.

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Hassle-Free Process

We are responsible for carrying out all the communication with our creditors so that you can only focus on your finance revival.

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Free of Cost Advice & Support

We offer free of cost consultations to our clients. All the discussions between us and our clients are confidential and are designed to help in your decision-making.

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Local Knowledge, National Coverage

Our experience of working with a client base in the UK helps us to understand the challenges and let us serve our clients in England, Wales, Northern Ireland, and Scotland.

What We Offer

Debt Solution For You

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Debt Management Plan (DMP)

Wish to have a financial future that is secure and stress-free? You need to clear out all your debts with DMP.

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Individual Voluntary Arrangement (IVA)

Individual Voluntary Arrangement (IVA) in the UK: A Path to Debt Relief

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Debt Relief Order (DRO)

DRO or Debt Order Relief is a debt solution approved by the government for the people living in Wales, Northern Ireland, and England.

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Trust Deed

Trust Deed in Scotland: Your Path to Financial Freedom

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Bankruptcy

Bankruptcy in the UK: A Fresh Start for a Debt-Free Life

From Debt to Relief: Our Process

01

Free Consultation:We start our work with a free consultation where we assess the needs of our clients along with their financial status to plan for the debt repayment plan.

02

Tailored Plan: In the next step, we prepare a debt management plan based on our assessment of your financial status, source of income and level of debt.

03

Negotiation with creditor: We aim to come to an agreement that ensures that you have to pay less money to your credit every month, or even don’t have to pay interest. We negotiate with the creditors on these terms.

04

Initiate Repayments: In the next step, we take one repayment fund from you as per your affordability and distribute it to your creditors.

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Continued Support: Our work does not stop here. We keep ourselves linked to you along with the creditors till the end of the repayment and adjust the debt repayment terms if required.

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Are you in Need of a DMP?

Are you finding it difficult to manage your debt repayments? You are not the only one in this situation. Rather, millions of people living in the UK often find it quite difficult in managing their finances while repaying a debt. So, when exactly do you need to know that a DMP is suitable for you or not? Here are some signs. Go for a DMP when you are:

  • Depending on your credit facilities to manage your daily expenses.
  • Finding it hard to repay the minimum debt amount.
  • In need of a constructive and well-regulated way for debt repayment.
  • Getting stressed or anxious about letters or calls from your creditors.

We are Here to Help You Lead a Debt-Free Life Ahead

Looking for some peace of mind while repaying your debt? Don’t you worry anymore as we are here to help you out with the right DMP for you that suits your financial status. You are just one step behind to reach us.

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    Have a question in mind with DMP? Find your answers

    Frequently Asked Question

    Yes, a DMP will be showcased in the credit report and may pose difficulty in borrowing money on a short-term. However, you will find it as a positive step for becoming debt-free in the future and restoring your financial condition.

    It varies depending on how much you owe and how much you can afford to repay each month. Most of the DMPs may last several years, but they can be adjusted if your financial situation changes.

    Creditors aren’t legally bound to agree with a DMP, but mostly they will go with it if the plan is feasible and stands out as promising to repay your debts.

    Only the debts that are not secure can be included in a DMP. You cannot include mortgages, car loans, and other secured debts in it.
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    Success Stories That Inspire

    From Debt Struggles to Financial Freedom Stories of Our Clients

    “I was struggling with payday loans and mounting interest rates. The Step Away Debt provided a realistic plan and expert guidance that helped me break free from the cycle of debt. Their service is a must for anyone struggling financially.”

    — Mark T.

    “I never thought I could escape debt, but The Step Away Debt proved me wrong. Their expert advice and support gave me the confidence to take control of my money. I can’t thank them enough!”

    — Laura P.

    “The budgeting tips and debt management solutions from The Step Away Debt were exactly what I needed. Their step-by-step approach made everything easy to follow, and I’m now on track to becoming debt-free.”

    — David M.

    “Thanks to The Step Away Debt, I finally paid off my credit card debt. Their team was knowledgeable, patient, and always available to answer my questions. I feel financially secure again.”

    — Emma R.

    “I was hesitant to ask for help, but The Step Away Debt made me feel comfortable from the start. They created a manageable plan to pay off my debts and even helped me improve my credit score. Highly recommended!”

    — James W.

    “I was drowning in debt and didn’t know where to turn. The Step Away Debt provided clear, practical advice that helped me take control of my finances. Their support and guidance have been life-changing!”

    — Sarah J.

    Customers can get free debt counselling, debt adjusting and providing of credit information services from Money Helper – an organisation set up by the Government to offer free and impartial advice to those in debt. For more information from Money Helper click here

    IMPORTANT: All examples based on data collected in 2023 of customers that have taken up a debt solution with our main Debt Solutions partner.

     

    Our Solution
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    Contact Us

    The Step Away Debt is an individual entity. Upon completion of our form, your details will be passed to one of our authorised debt solution partners, who will review your financial situation, explain the available options, and recommend a debt solution that is suitable for you. We will be paid for introducing you or the preparatory work we do, depending on your debt solution fees, which may be payable if ongoing services are provided—figures based on a typical example of a customer who entered an IVA. Alternative solutions may be available. Fees may be payable if continuing services are provided.

    Figures based on a typical example of a customer who entered an IVA. Alternative solutions may be available. Fees may be payable if continuing services are provided. Repaying debt over a longer time may increase the total amount to be repaid. Credit rating may be affected. Lenders are not obliged to accept less than the contractual payments, freeze interest and charges, or stop further enforcement action.

    Calls are recorded for training and quality purposes. Calls to 0161 numbers from mobiles and landlines are charged at a local rate. Please check with your local network provider for details on your call package.

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