UK Debt Expert

Free debt advice for UK residents

UK Debt Expert is a debt advice service operating in the UK that offers free guidance to people with unsecured debts. According to its presentation, it has helped over 250,000 people in the country. The firm is authorised and regulated by the Financial Conduct Authority (FCA), and states that advice is free, although fees and disadvantages may apply if you enter a debt help solution.

Debt solutions explained by the company

The service describes a broad catalogue of formal and informal solutions, explaining the advantages, risks, costs and impact on credit history. Among the options for the rest of the UK are the Individual Voluntary Arrangement (IVA), the Debt Management Plan, the Debt Relief Order (DRO), bankruptcy, the debt consolidation loan and the Debt Settlement Offer. For Scotland it details the Trust Deed, the Debt Arrangement Scheme (DAS), the Minimal Asset Process (MAP) and Sequestration. The company indicates that some of these solutions can freeze interest and charges, reduce creditor contact, allow payments adjusted to the available budget and, in certain cases, write off part of the debt at the end of the process.

Types of debt and situations covered

The website organises its content by types of debt: business, buy now pay later, council tax, credit cards, gambling, HMRC, mortgages, payday loans, rent arrears, secured loans, student loans and utility bills. It also addresses situations such as the action of bailiffs and sheriff officers in Scotland, the Breathing Space Scheme, County Court Judgements (CCJ), debt collection agencies, housing and family or joint debts.

Guidance tools and resources

The site provides users with a blog, a Knowledge Hub and support tools. Among the informative content are guides on how to deal with debt, how to avoid getting into debt, inherited debt, credit score and emergency funding. The company also offers an eligibility check so that users can assess whether they could qualify for any of the solutions described.

Advice approach

The company stresses that its advisors explain the pros and cons of each option, including risks, costs and the effect on the credit file, so that the person can choose the alternative that best suits their case. The service is presented as confidential and free, and the solutions it describes apply only to unsecured debt.