We're Debt Help Experts
Write off unaffordable debts and get mental
well-being assistance with our debt solutions.
- Write off unaffordable debt
- One lower monthly payment
- Stop creditor hassle and bailiffs
- Access mental well-being services
*An IVA may not be suitable in all circumstances. Fees may apply.
Your credit rating may be affected if you opt for a debt solution.
Rated Excellent
100% FREE ADVICE
Get information today on your available options
Get your finances and mental health back on track
Write off unaffordable debts and get mental well-being assistance with our IVA plans.
- Write off 75%* of unaffordable debt
- One lower monthly payment
- Stop creditor hassle and bailiffs
- Access mental well-being services
*An IVA may not be suitable in all circumstances. Fees may apply.
Your credit rating may be affected if you opt for a debt solution.
100% FREE ADVICE
Get information today on your available options
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Write off unaffordable debts with our debt management plans
At Penny Plan, we offer friendly, expert advice to help you deal with unaffordable debt. Whether you’re struggling with credit cards, loans, utility bills, or council tax, we’ll guide you through your options and support you every step of the way.
From informal Debt Management Plans to formal solutions like IVAs or Debt Relief Orders, we’ll help you find the right path forward. You could write off up unaffordable debt and regain control with one affordable monthly payment whilst gaining access to free mental well-being support.
Debt Management Plan (DMP)
An informal arrangement between you and your creditors that lets you make lower monthly payments, whilst still paying the total amount of debt.
Individual Voluntary Arrangement (IVA)
A formal agreement between you and your creditors. You make affordable monthly payments over fixed period with debt written off at completion.
Debt Relief Order (DRO)
A debt relief order (DRO) is a formal debt solution for those who have no assets such as car or property. Eligibility criteria does apply. Contact us today to find out more.
Bankruptcy
A formal insolvency procedure that involves applying to the court for an order to clear your debts. Monthly payments to your debts may still apply.
Our IVA plans are like no other
We get it. Debt concerns can just be the tip of the iceberg in issues that are causing you mental anguish. From relationship issues, to mental health illnesses such as depression and anxiety. We understand there is more help you may need across the road to changing your life and leaving debt behind.
That’s why we offer more in our IVA plans.
Our aim is not only to relieve you of your debt issues, but the secondary and often more longer lasting problems falling into financial hardship can cause. Our holistic approach to financial wellness will help you combat debt, and any underlying problems that prevent you from enjoying a debt-free future.
Reasons to choose PennyPlan
- Stop all interest & charges
- Loans
- Access well-being services
- Reduce monthly payments
Tackle your debt and your mental health in one place
Our team are committed to getting your finances and well-being back in top condition
Apply for our eligibility check
Find out if you match the minimum criteria we require to enter you into one of our IVA plans
Speak to our debt specialists
Speak to our friendly debt specialists, who will explain all the options available to you.
Choose your debt solution
Now you have all the options available, you can make an informed decision that is right for you and your family.
Do I Qualify
For an IVA?
We help with most debts
*Mortgage debt can be included if you no longer own the property in question.
- Credit Cards
- Loans
- Overdrafts
- Store Cards
- Mortgages*
- Catalogues
- Council Tax
- Benefit Debts
- Utility Bills
- Payday Loans
- Credit Cards
- Loans
- Overdrafts
- Store Cards
- Mortgages*
- Catalogues
- Council Tax
- Benefit Debts
- Utility Bills
- Payday Loans
Example of an IVA
UNSECURED DEBTS
Your monthly repayments:
Find out for FREE what debt help is available to you
Subject to creditor acceptance. Payment subject to individual circumstances.
Credit Rating may be affected. Fees apply, subject to individuals circumstances.
Example of an IVA
UNSECURED DEBTS
Your monthly repayments:
Find out for FREE what debt help is available to you
Subject to creditor acceptance. Payment subject to individual circumstances.
Credit Rating may be affected. Fees apply, subject to individuals circumstances.
Find out for FREE what debt help is available to you
Find out for FREE what debt help is available to you
Self Employed IVA Support
Being self employed can make debt harder to untangle. Income can change, tax bills can build up, and business and personal finances often overlap.
At PennyPlan, we specialise in supporting people who are self employed and considering an IVA. Our advisors will listen to your situation and help you explore whether a self employed IVA is the right option to get your finances back on track.
How It Works?
Our straightforward process could see you working towards being debt free and improving your mental health
Enter Your Details
Consultation Call
Find Out Your Options
Affordability Check
We Contact Creditors
Improve your financial future
Do I Qualify
For an IVA?
Do I Qualify
For an IVA?
Understand your debt options
Our friendly team will make sure you understand all your options, so you can choose the best fit for your circumstances.
Debt Management Plan (DMP)
An informal arrangement between you and your creditors that lets you make lower monthly payments, whilst still paying the total amount of debt.
Individual Voluntary Arrangement (IVA)
A formal agreement between you and your creditors. You make affordable monthly payments over fixed period with debt written off at completion.
Debt Relief Order (DRO)
A debt relief order (DRO) is a formal debt solution for those who have no assets such as car or property. Eligibility criteria does apply.
Bankruptcy
A formal insolvency procedure that involves applying to the court for an order to clear your debts. Monthly payments to your debts may still apply.
What our customers say
Take the first steps to becoming Debt Free!
100% FREE ADVICE
Get information today on your available options
- One lower monthly payment
- Write off 75%* of unaffordable debt
- Freeze interest & charges
- Stop legal action including bailiffs
- Receive FREE well-being sessions
100% FREE ADVICE
Get information today on your available options
- One lower monthly payment
- Write off 75%* of unaffordable debt
- Freeze interest & charges
- Stop legal action including bailiffs
- Receive FREE well-being sessions