Which debt solution is right for you?

Everyone's debt problems are different, and are affected by issues such as how much you owe, who you owe it to and how much you earn. That's why ID Fraud really does create individual solutions for every one of our valued clients.

But while every answer we create is unique to your specific needs, these are the two main types of debt solutions that are available.

Debt Management

Debt Management

When people you owe money to are demanding payment, it can be a huge worry. But when you call us, we can deal direct with these people for you, sorting out affordable monthly payments on your behalf, and often freezing interest charges in the process.

The Benefits of Debt Management

FriendlyYou don't have to worry about calling us - we're here to help.
ProtectiveWe can stop your creditors bothering you.
EffectiveWe could freeze interest payments on the money you owe.
SensibleWe can sort out a monthly repayment you can afford.
FinalOnce the period of your repayments is over, you'll be debt-free.
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Individual Voluntary Arrangement

Individual Voluntary Arrangement (IVA)

Depending on your debt level and if legal proceedings are already being taken against you, an IVA may be a sensible option. It immediately stops all legal proceedings and allows us to create a formal agreement with the people you owe money to that can write off up to 75% of your debts and usually allows you to be debt-free after five years.(obviously terms & conditions apply)

The Benefits of an IVA

ProtectiveHalts legal proceedings immediately.
EffectiveCould allow 75% of the money you owe to be written off.
SensibleWe can sort out a monthly repayment you can afford.
FinalOnce the 5 years of your IVA is over, you'll be debt-free.
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Protected Trust Deed

Protected Trust Deed (Scotland Only)

Like an IVA, a Protected Trust Deed allows Scottish residents to arrange monthly payments which are acceptable to both you and whoever you owe money to. This will freeze all interest and other charges, and allow all your debts to be written off, usually after a period of three years.

The Benefits of a Trust Deed

ProtectiveHalts legal proceedings immediately.
EffectiveCould allow 75% of the money you owe to be written off.
SensibleWe can sort out a monthly repayment you can afford.
FinalOnce the 3 years of your Trust Deed is over, you'll be debt-free.
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Frequently Asked Questions

We will be happy to answer all of your questions when you call us Free on 0800 111 6655. But because we know that you may prefer to be fully informed before you call us, here are a few of the questions we are asked most frequently.

QuestionHow much does ID Fraud charge for its Professional Services?
AnswerOur initial advice is free, and should you choose to ask for our ongoing help, we charge a management fee of 17.5%, deducted from your payments each month, which compares favourably with an industry average charge of 18-20% + £75.00 additional set up fees!
QuestionIs there any way that I can simply 'write off' my debts and start again?
AnswerThis option is called 'bankruptcy.' While it may allow you to write off your debts, the downside is that it will affect any business you operate, as well as your chances of obtaining credit, loans, mortgages, credit cards or even having a bank account for many years to come. We would always recommend you to seek an informal Debt Management arrangement, IVA or Protected Trust Deed (Scotland only) before filing for bankruptcy.
QuestionWill Debt Management be hard for me to organise?
AnswerNo, the best thing about Debt Management with ID Fraud is that we take care of everything. All you have to do is complete a few forms and return it to us in the stamped addressed envelope we provide you with, together with supporting documents such as recent statements. We then handle everything else; a fact which is often welcomed by your creditors and is always much less stressful for you.
QuestionOnce I ask ID Fraud to manage my debts, how long will it be before you have taken control of the situation?
AnswerWhile we aim to put your mind at rest immediately, it can take several weeks for all of your creditors’ debt recovery departments to stop calling you and start calling us instead: so the sooner you contact us, the better. We do offer an express service where we contact the creditors the very same day as you give us your commitment to joining our plan!

Call us FREE now on 0800 111 6655 for a discussion in the strictest confidence with one of our friendly, helpful experts – and start getting your debts under control today.