Business Details
Your Trusted Debt Relief Partner in Leeds
Become Debt Free has established itself as a leading provider of debt solutions across the UK. With over 120 years of combined experience in debt management, we specialise in administering Individual Voluntary Arrangements (IVAs) to help individuals in England, Wales, and Northern Ireland regain control of their finances. Our team of licensed insolvency practitioners, regulated by the Insolvency Practitioners Association, delivers tailored debt relief strategies while maintaining strict compliance with industry regulations.We prioritise transparent communication and ethical practices, ensuring clients receive impartial advice after completing a comprehensive financial assessment. Our proven track record demonstrates our commitment to helping thousands of people achieve debt-free status through structured repayment plans and potential debt write-offs of up to 85%, subject to creditor approval and individual circumstances.
Services
Debt Relief
IVAs
Debt Management Plans
Bankruptcy
Consolidation Loans
Highlights and features
- 120+ years combined experience in debt solutions
- Officially ranked among UK's top debt relief companies
- Licensed insolvency practitioners regulated by IPA
- Free, impartial debt advice available
- Proven track record helping thousands become debt-free
Associations and certifications
- Insolvency Practitioners Association
What people say
Friendly and efficient service
Stress has gone
Excellent service
Can finally sleep well
Highly recommended
Services
Individual Voluntary Arrangement
Our Individual Voluntary Arrangements provide structured debt solutions for UK residents with unsecured debts exceeding 7,000. This formal agreement between debtors and creditors allows repayment through affordable monthly instalments over 5-6 years. Our licensed insolvency practitioners negotiate potential debt write-offs of up to 85% while freezing interest charges and stopping creditor contact.
Debt Management Plan
We help clients create customised Debt Management Plans to consolidate multiple unsecured debts into manageable monthly payments. This informal arrangement works best for those with regular income who need temporary relief from creditors. Our advisors negotiate with lenders to potentially reduce payment amounts while maintaining essential financial obligations.
Debt Relief Order
For individuals with limited assets and income, our Debt Relief Orders offer a 12-month moratorium on debt repayments. This solution freezes creditor action while assessing financial circumstances. If eligibility criteria are maintained throughout the period, remaining debts may be written off completely, providing a fresh financial start.
Bankruptcy Advice
Our expert team provides comprehensive bankruptcy guidance covering all implications of formal insolvency. We explain asset considerations, income contributions, and long-term credit impacts while exploring alternative solutions. Clients receive impartial advice about bankruptcy procedures and potential alternatives like IVAs or DROs.
Consolidation Loans
We assess eligibility for debt consolidation loans that combine multiple debts into single monthly payments. This solution works best for those with good credit scores seeking lower interest rates. Our advisors compare market options to find suitable consolidation products that simplify debt management and potentially reduce overall repayment amounts.
People
Andrew Bowers
Insolvency Practitioner
Andrew Bowers is a licensed insolvency practitioner with extensive experience in personal and corporate insolvency. Regulated by the Insolvency Practitioners Association, he has helped thousands of individuals navigate complex debt situations through structured IVAs and other formal arrangements while maintaining strict regulatory compliance.
Questions
What is an Individual Voluntary Arrangement?
An IVA is a formal debt solution allowing you to repay affordable monthly payments over 5-6 years while potentially writing off up to 85% of unsecured debts with creditor approval.
Am I eligible for debt write-off?
To qualify for debt write-off through an IVA, you need minimum unsecured debts of £7,000 owed to two or more creditors, with repayment capacity based on your financial circumstances.
How does the debt relief process work?
Our 4-step process involves completing an online form, speaking with a debt expert, selecting the right plan, and beginning your debt-free journey with professional support throughout the arrangement.
Will debt relief affect my credit rating?
Yes, debt solutions like IVAs will impact your credit rating during the arrangement period, but they provide structured pathways to resolve debts and rebuild financial stability over time.
Can I keep my assets during debt relief?
IVAs typically allow you to retain essential assets like your home and vehicle while focusing on repaying debts through agreed monthly contributions based on disposable income.
How much does debt advice cost?
We provide free, impartial debt advice during initial consultations to assess your circumstances and recommend appropriate solutions before proceeding with any formal debt arrangement.
