Please note fees apply if you are eligible and your IVA is approved.

Helping you clear your personal debt - Take the first steps towards clearing your debt today.

Worried about money? Clear up to 85% of your personal debt*

Check now to find out how much debt you could clear with a UK regulated and approved debt solution. A solution such as an Individual Voluntary Arrangement could write off up 85% of your debt, freeze interest & charges and relieve pressure from creditors.

Find out how you can clear your debts

Find the most appropriate solution for you

Conditions Apply. You ability to obtain credit may be affected.
Fees are payable when continuing service is provided.

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UK Legislated Solution

A fully regulated and approved debt solution legislated in the UK. Freeze Interest & Charges.


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Regulated Debt Advice

All our advisors are regulated to give full and final debt advice.

Take away your money worries

Here at we are sensitive to each person's unique situation and debt levels. We treat you as an individual and provide you with the most appropriate debt solution available. Our aim is to alleviate your money worries and if appropriate help you write off a portion of your debt.

  • Solutions tailored to your circumstances
  • Store cards, bank cards, council tax and more
  • Find out how much you could write-off


26th Nov 2021

Absolutely Fabulous.

I was at a very low point in my life & contacted the helpline. I spoke to Kelly who was absolutely fabulous. She was friendly, compassionate & caring and took all my stress away. Norma Symes
14th Feb 2022

Quick and Painless

I spoke to Lee who was absolutely fantastic. He helped to make the process quick and painless, and gave incredibly detailed and professional advice at every step of the way. Rhyss Waterman
7th Feb 2022

Helpful and Caring

So helpful and caring that it really does make one feel so calm and comfortable, that one is able to discuss things with ease. Over the top kindness by Gemma too. Thank you very much. David Gibraltar

Write off your debt in 3 simple steps

Seek debt help from regulated advisors like us and we will inform you of the best plan based on your debt level and income.

Get debt help today, we could help you write off 85% of your debt.

Find the best debt solution today

Customers can get free debt counselling, debt adjusting and providing of credit information services from the Money Helper – an organisation set up by the Government to offer free and impartial advice to those in debt. For more information from the Money Helper visit

Just a small selection of creditors we can help with

Write off Creditor Debts

Debt solutions available

Debt Management Plan (DMP)

A Debt Management Plan (DMP) is an informal arrangement made with your creditors to pay a monthly amount that you can afford. Normally you will repay your affordable amount in monthly instalments until your debts have been paid in full.

Individual Voluntary Arrangement (IVA)

An IVA is a legally binding agreement between you and your creditors. With the help of a licensed Insolvency Practitioner, you put forward proposals to creditors to agree to repay as much as you can reasonably afford, usually over 5 years, after which any remaining debt is written off.

Debt Relief Order (DRO)

A Debt Relief Order (DRO) is a low-cost alternative to bankruptcy as long as you have a low disposable income, low debts and low assets and you meet the qualifying criteria.


Bankruptcy is a formal insolvency route for individuals with debts that they cannot pay. Bankruptcy can have serious financial implications so is often the last resort and is usually applied for when no meaningful alternative can be offered to creditors.

Advantages of an IVA

  • The IVA will reduce the monthly payments you make to one affordable payment based on your circumstances and guidelines acceptable to creditors.
  • If the IVA is approved by 75% of your voting creditors (by value) anyone who votes against is still bound by it.
  • There is likely to be a proportion of your debt written off by your creditors.
  • Once the IVA is approved no further interest can be charged and on successful completion of the IVA, the balance of what you owe creditors is written off.
  • It offers legal protection from your unsecured creditors so they can't take any further action against you.
  • It is for a fixed period of time (usually 5 years; it may be extended to deal with any change in circumstances or if you have equity in your property).
  • You may be able to continue to run any business you have.
  • It offers you the ability to protect any assets you may have such as your house or car.

Disadvantages of an IVA

  • Creditors may propose changes to the terms & conditions of your proposal, which may have to be accepted for your IVA to be approved.
  • The IVA may adversely affect your credit record for up to 12 months after your IVA has been successfully completed and you won’t be able to obtain any further credit while you’re IVA is active.
  • If you have a change of circumstances or are unable to comply with the existing IVA proposal, creditors may agree revised terms. If the creditors do not agree, the IVA is likely to fail and you will remain liable for your debts and may be made bankrupt (although in most circumstances even when cases fail, we do not petition for bankruptcy).
  • Your IVA is entered onto a public register.
  • You will remain liable to pay certain debts such as student loans, fines and some debts arising from family proceedings

Frequently Asked Questions

Is a Charity? is a trading style of Alchemy Money Ltd and is not a charity.

You will be provided whole of market advice in relation to your financial circumstances, regulated by the Financial Conduct Authority (FCA).

We are committed to helping as many people as possible move out of debt. If the best solution is for you to be directed to a fee free service administered by a charity, you will be referred to them. There are no up front fees to pay in relation to the advice provided.

Money Helper is a free service set up by the Government to help people make the most of their money. If you would like to learn more click here.

Will my credit rating be affected?

If you are struggling with money and have already defaulted on your payments, it is likely your credit rating has already been impacted.

Creditors update your credit file each month and where payments are less than the contractual payment, a default is registered which remains on your credit file for 6 years.

All debt solutions will impact your credit file, some more than others. Your advisor will be able to explain the impact of each solution on your credit file in more detail. By taking control now you will be able to start to rebuild your credit rating sooner rather than later.

How much do I have to pay?

There are no up front costs for a review of your financial circumstances and a discussion about your options.

If you have a disposable income (money left over from your income after all of your reasonable living expenses have been taken into account), it is likely that your chosen debt solution will require you to contribute this towards repayment of your creditors.

Depending on your chosen solution, there may be fees payable, but these may be incorporated into your monthly payments – you can find out more on the following links: Bankruptcy, Debt Relief Order, Debt Management Plan, Individual Voluntary Arrangement.

*Can I write off 85% of my debt?

Not all debt solutions enable debt write off and your financial circumstances will be different from your friend, co-worker or relative who may have entered into a similar debt solution.

A debt write-off amount of between 25% and 75% is realistic. The debt write-off amount for each customer differs depending upon their individual financial circumstances and is subject to the approval of their creditors. The example provided of 85% has been achieved by 25% of customers approved IVAs at Meeting of Creditors in 2022.