WE HELP PEOPLE

GET OUT OF DEBT!

The cost of living crisis and problem debt is ruining peoples lives. We can stop the phone calls, letters and stress from debts. We help you understand your debt options and look towards a better and certain future. Are you ready?

Show me my debt options

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HOUSEHOLD FINANCES ARE BREAKING

Deft Insolvencies in England
50%+ Energy bill rises & 10% Inflation

The cost of living crisis is crippling household finances. Inflation is forecast for 10% & energy bills are rocketing. People's incomes are not.

Total IVA Write Off
Govt schemes can write off 70%+ of debt

In 2021, over 80k people took an IVA to write off 70% to 90% of debts. 2022 is forecast to be even higher as more people struggle.

Average Total Unsecured Debt
£3,771 average debt per UK adult

The average unsecured debt for every UK adult is £3,771. The UK is spending £124million/day on personal debt interest alone.

Number of Debt Issues Per Day
Debt is a life sentence for some

It takes 25 years & 2 months to repay a credit card debt on the average interest rate, just paying minimum payments.

How Debt Buffer Helps

Debt Harm

We help you realise & address the harm bad debt does to your mental & physical health

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Deft Letter

We help you gain extra time to arrange your finances and also handle debt collectors or bailiffs through our letter creation service.

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Deft Easy

We help you understand your options based on your circumstances and the information you tell us. No BS.

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Frequently Asked Questions about needing Debt Help

What is the best way of dealing with my debts?

If you are struggling with debts that are impacting you or your families quality of life then simply put, its time to put yourself first and make some clinical and calculated financial decisions. If you are being chased by collections agencies or have bailiffs banging on the front door, its a terribly stressful situation and no way to live. Our simple advice to anyone in this situation is seek the route that most easily takes away the stresses of being chased for debts and allows you to enjoy more of your income. Our priority is helping you find a solution that creates a buffer between you and your debts.

What is an IVA?

Depending on your circumstances you might be eligible to take out a Government approved scheme for reducing your monthly debt payments and writing off up to 90% of your debts at the end of the scheme. Your creditors have to agree and you must have more than £6000 of debt and enough income to be able to meet your new agreed payment. Read our guide to IVA’s for more details

Is an IVA worth it?

That’s going to depend on your individual circumstances and whether or not the various pro’s and con’s of an IVA are worth it for you. For most people who simply cannot carry on with debt that has become unmanageable, being able to reduce payments down to an agreed fixed amount that you can certainly afford, and at the end of the fixed period having the bulk of your debts written off is certainly worth it. However, careful consideration needs to be given to other solutions such as Bankruptcy, Debt Management Plans or Debt consolidation loans or mortgages. Everyone is different so you must put yourself and your needs first.

How does an IVA work?

An Individual Voluntary Arrangement, or IVA, is a formal, legally binding debt solution, which is a form of insolvency. It must be administered by a licensed Insolvency Practitioner. As an alternative to becoming Bankrupt, It allows you to potentially write-off up to 90% of your existing debts, based on what you can reasonably afford to repay. The exact amount will vary depending on your personal circumstances, and who you choose to arrange your IVA.
An IVA commits you to monthly repayments over 5 or 6 years, which are distributed among your creditors. Any debts remaining after this period will then be written off. The payments will take into account your monthly income to ensure that the IVA is realistic and affordable.

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