If you’re trapped in debt and can’t find a way out, we’re here to help
Soar Valley CMA is a local debt advice service offering free, impartial and confidential support. It is open to anyone who needs help managing their money or who has got into debt. Being in debt can cause significant stress in your household which can impact your mental health, relationships and ability to function. We are here to help so please do not be embarrassed to ask for help.
If you need help please call or text 07743 765 958 or email soarvalleycma@gmail.com
We will meet with you and:
Soar Valley CMA is licensed to give debt counselling
We will start by talking through your circumstances with you, gather your contact details and any essential information and then we will work through the following steps. These may take several appointments, but we will be here for you every step of the way, for as long as you need us.
If you owe people money, there are a variety of ways you can deal with it. Your options will depend on the amount of disposable money and assets you have. These are some of the options that may suit you, but we encourage everyone to meet with us so we can fully assess your circumstances and identify the most appropriate solution.
A DMP is an agreement between you and your creditors to repay your debts. You make regular payments either direct to your creditors or make a single monthly payment to an authorised debt management company.
An Administration Order is a way to deal with your debts if you have a County Court or High Court Judgments against you and you can’t pay in full. Your total debts must be less than £5,000. You make one monthly payment to your local court. The court will then divide this money between your creditors.
An Individual Voluntary Arrangement (IVA) is an agreement with your creditors to pay all or part of your debts. You agree to make regular payments to an insolvency practitioner (IP), who will divide this money between your creditors. You will need to have a reasonable amount of disposable income and/or assets that can be realised to take into an IVA.
Debt Relief Orders (DROs) are one way to deal with your debts if you owe less than £30,000, have little spare income and don’t own your home.
All bankruptcy applications are now made online and to be eligible, you must not meet the criteria for any other form of insolvency. An adjudicator will look at the application and a decision will be made within 6 weeks or less. Providing the adjudicator is happy the criteria is met, they will make a bankruptcy order and appoint an Official Receiver to administer your bankruptcy.
If you have a lump sum available that would cover part of your debts, you can ask your creditors if they would accept a part payment and write off the rest. Alternatively, they may allow you to make monthly payments for a set period after which any amount outstanding is then written off.
Tim has had a successful career in finance. In 2013 he left that career to set up the debt advice centre and followed that by helping establish the Food Project. Became a Trustee in 2020 when Soar Valley Outreach was established.
Please ring, text or fill in the form
Call us on 07743 765 958.
Text 'DEBT HELP' giving your name and postcode to 07743 765 958.
Email soarvalleycma@gmail.com with your name, the problem you are facing, your contact details and when you'd like to see us.
Fill out the confidential, secure form below.
Our opening hours are:
Mondays: 9am – 12 noon
Wednesdays: 1pm to 4pm
Meetings can be arranged at other times at our offices, or we can make home visits if neccessary.