Creditfix
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Are you struggling with debt?
There are always solutions, no matter what your situation.
Who are Creditfix?
Creditfix is one of the UK’s largest debt solution companies, with offices in Glasgow and Manchester. They are licensed insolvency practitioners and are particularly known for arranging Individual Voluntary Arrangements (IVAs).
Since launching in the early 2000s, Creditfix has grown into one of the biggest IVA providers in the country, supporting hundreds of thousands of people with formal debt solutions.
How to contact Creditfix?
Creditfix telephone number:
0808 2085 198
Website:
Creditfix postal address:
Glasgow
4 West Regent Street
Glasgow
Lanarkshire
Scotland
G2 1RW
Manchester
Lowry Mill
Lees Street
Pendlebury
Swinton
M27 6DB
Carlisle
Broadacre House
16-20 Lowther Street
Carlisle
CA3 8DA
How does Creditfix work?
The process starts with an assessment of your finances; what you earn, what you spend, and what you owe. Creditfix advisers then look at which debt solutions you qualify for, with IVAs being their most common option.
If an IVA is suitable, Creditfix puts forward a proposal to your creditors. If the majority agree, you make one affordable monthly payment (usually over five or six years). At the end of the arrangement, any remaining unsecured debt can be written off.
They also provide other solutions like Debt Management Plans, Debt Relief Orders and bankruptcy support, though their primary focus is on insolvency-based arrangements.
Does Creditfix affect your credit score or rating?
Speaking to Creditfix for advice won’t appear on your credit file. But entering into a solution arranged by them will.
- IVAs: recorded on your credit report for six years and visible to lenders.
- DMPs: may show as reduced or partial payments if creditors report them.
- Bankruptcy: carries the heaviest impact on your credit rating.
In short, it’s not Creditfix itself that affects your credit score, but the formal arrangement that’s put in place.
What is Creditfix?
Creditfix is a private debt advice and insolvency firm. Unlike debt charities, they operate as a commercial provider, working with people who need structured solutions to deal with unmanageable debt.
Their reputation is closely tied to IVAs, but they also provide a wider range of debt options. As licensed insolvency practitioners, they are authorised to set up formal agreements directly with creditors.
Does Creditfix charge a fee?
Creditfix does not charge for an initial consultation or advice. If you enter into an IVA or another formal debt solution through them, fees will apply.
These costs are not paid upfront, they are built into your monthly payments and deducted before money is distributed to creditors. Creditfix will explain the breakdown before you commit to any arrangement.
Still unsure or want to know more?
That’s where our advisors come in, our expert debt advice team can help find a solution that works for you. If you need help with problem debt, we’re on your side.
At PennyPlan we understand that every financial situation is different, and approach every customer with the care and individuality that they deserve.
So, get in touch today and start living better with PennyPlan.