Debt Solutions | Delta Debt Management & IVA Advice

Debt Advice

If you are struggling to pay your creditors each month, then you are at the right place. Having financial commitments that add up to more than you can afford to pay out is a difficult situation to be in, however, that is why we are here.

Dependant on your circumstances, there are a number of solutions which help you to pay your debts in a more manageable way. We will asses your income and expenditure in order to advise what your net steps could be. We aim to reduce your monthly payments in line with what you can afford.

So whatever you are paying out each month, we may be able to help. Please call 0800 988 8199 for more information.

What are the Debt Solutions?

Debt solutions come in many forms, the most widespread of these are covered below, however, there are other solutions that we may be able to offer to you depending on your exact situation. If you would like some friendly debt advice regarding your situation, please get in touch.

Debt management Plans (DMP)

Individual Voluntary Arrangements (IVA)

Trust Deeds

Debt Consolidation Loans

Equity Release

Fees & Information

We cannot guarantee a reduction in interest or charges. If an IVA is not maintained it could lead to bankruptcy. Whilst initial debt advice is free, fees will be charged if a solution is taken out.

Fees related to Debt Management Plans are in two parts;

"Initial Fee" means your first two "Monthly Payments", which is paid by You to "Us". This represents our fee for establishing your arrangement, and therefore is not distributed to your creditors, and can be paid in two separate instalments. Retention of this fee will put you into further arrears.

"Monthly Fee" means the Fee payable for our Services each month. This is an amount equal to 17.5% of your "Monthly Payment" (apart from your first two "Monthly Payments" which is the "Initial Fee"), subject to a minimum payment of £30 for disposable incomes of 0 - £100, and £35 for disposable incomes of £100.01 - £200.

Fees incurred for Individual Voluntary Arrangements are variable dependent upon the monthly contribution to the arrangement and the agreement that is reached with your creditors. Fees are made up of Nominees fees relating to assistance given to prepare your proposal and Supervisor fees which relate to the ongoing monitoring of your IVA. Fees are already included as part of your monthly contribution. The level of fees and the method of payment are both agreed by your creditors at the outset of the arrangement.

A record of your agreement with us will be held on your credit file for up to six years, and your ability to obtain credit in future may be affected.

You are provided a cooling off period of fourteen days from the date the agreement was deemed to commence, during which you may cancel our agreement. Should you give notice to us that you would like a refund of a payment, or payments, (being other than the initial fee) then where no distributions have, at that time, been made by us, or are in the process or course of being made by us, in respect of that payment or payments this will be made in full (i.e. without deduction of our fee of 17.5%).

DEMSA/OFT Approval

Debt Advice

What are the Debt Solutions?

Fees & Information