About Us

“DFH Financial Solutions (a trading name of Bridgewater Support Solutions Ltd,company number 07556890) is part of a group of companies established in 2006 which specialise in consumer financial solutions and have extensive experience in the field of commercial debt management. Read more...

  

 

  

Debt Relief

The term debt relief is traditionally associated with bankruptcy. When an individual cannot afford to pay their debts and adhere to their credit agreements, through bankruptcy the debt amount is negotiated which can often result in the debt being reduced.

If you have unsecured debts and can no longer afford to make the repayments and cover your other living costs, an IVA could be the solution for you, depending on your circumstances. Other options could be a debt relief order or bankruptcy.

If an IVA is selected as the preferred debt solution for you, we will work in conjunction with our selected Insolvency Practitioners at Debt Support Centre to create a formal agreement between you and your creditors (the companies you owe money to). We will only recommend an IVA to you if we consider this is the appropriate solution for you.

Debt Support Centre will arrange affordable monthly payments, usually over 5 years. After that time, any remaining unsecured debt is written off. Please note 75% (by debt value) of voting creditors must be in favour of the proposal for the IVA to go ahead.

Find out more about:

IVA FAQs
IVA Alternatives
IVA Case Studies

Further Debt Help and Advice

Subject to availability and acceptance. Debt write-off applies on the completion of and Individual Voluntary Arrangement. Alternative solutions may be offered. Repaying debt over a longer period of time may increase the total amount to be repaid. Whilst on an IVA and for a year after completion your credit rating will be affected.

Depending on your circumstances, our debt advisers may advise you to enter a specific debt solution – and if you choose to, there will be fees involved. Click here to read more about our fees.

Call us on 0800 881 8722

Monday to Thursday 8:30am - 8pm, Fridays 8:30am - 6pm and Saturdays 9am - 1pm

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