Skip to content

24-hr payment line: 0161 543 1636 Existing customers: 0161 228 6194 New customers: 0161 543 3814


Debt Solution Debt Amount* Estimated Term** Available in
DMP £1,500 or more 5-10 years England, Wales and NI
IVA £6,000 or more 5-6 years England, Wales and NI
Administration Order £5,000 or less 3 years England, Wales and NI
Bankruptcy No min or max*** 1 year The UK
DRO £30,000 or less 1 year England and Wales
DAS No min or max 6-7 years Scotland
Sequestration £3,000 or more 1 year Scotland
Trust Deed £5,000 or more 4-5 years Scotland
Debt Consolidation No min or max 5-6 years The UK

(Please scroll sideways if you can't see the full table.)

*Minimum debt balances can vary between different providers. **The actual length will depend upon your personal circumstance. ***For creditors to petition for an individual’s bankruptcy, the minimum debt balance is £5,000.


Great service

I started with DFH back in 2019, getting set up on a plan was super easy and throughout the last 3 years everyone I have come into contact with have been absolutely outstanding and always super helpful. Always accommodating to my circumstantial changes.

—Trusted Customer


An IVA, or Individual Voluntary Arrangement, is a formal agreement between you and your creditors. This agreement helps you deal with your debt through affordable monthly payments and allows for any unpaid unsecured debts to be written off at the end of the IVA duration.

More about IVA

Administration Order

An Administration Order (AO) is a formal agreement between you and your creditors to pay back your debts over a period. It is a legal debt solution which means it’s approved by the court and your creditors must stick to it.

More about Administration Order


Bankruptcy may be a debt solution to consider for those struggling with debt they cannot afford to repay. Bankruptcy is a legal status in which people give up control of their non-essential assets to be used in addition to any excess income to repay their debts. Once discharged from Bankruptcy, the people can have a fresh start with their finances.

More about Bankruptcy


A Debt Relief Order (DRO) is a way of dealing with your debts if you can’t afford to pay them. It typically lasts for one year and involves not making any payments as long as your circumstances do not improve. At the end of the DRO the debts included are written off.

More about DRO


The Debt Arrangement Scheme (DAS) was introduced to provide Scottish residents with a solution to paying back debts without going insolvent. The DAS allows you to repay your debts at a slower, more affordable rate while allowing for reasonable and essential expenses to be maintained.

More about DAS


Sequestration is a debt solution in Scotland that writes off your debts permanently by declaring to your creditors that you are insolvent, and you will not be fulfilling the repayment contract you have with them. You can either apply to be sequestrated yourself if you meet all the criteria, or one of your creditors can apply to have you sequestrated. Sequestration may also be referred to as full administration or bankruptcy.

More about Sequestration

Trust Deed

A Trust Deed is a formal arrangement available in Scotland and is similar in some ways to an IVA, which is available in other parts of the UK. It allows you to make reduced payments, normally for 4 years. At the end of this time, your remaining debts are written off. A Trust Deed is a form of insolvency, so your debt level, assets, and affordability must all be considered to confirm that it is the right solution for your needs. A money adviser can give advice on whether a Trust Deed is the right debt solution for you.

More about Trust Deed

Debt Consolidation

A Debt Consolidation Loan is just one of many solutions available to those looking to resolve their debts. It is where you take out a loan equal to – or exceeding – the total of the money you owe and use this money to pay off the debts. This leaves you only needing to make one monthly payment to pay off your debts.

More about Debt Consolidation

Looking for support in deciding which debt solution is right for you?

Get in touch with our team for some expert debt advice, we are happy to support you.

Get Debt Help