What Options Do You Have For Paying Off Your Debt?

Updated: Dec 11, 2019

If you’re having major money worries, the worst thing you can do is bury your head in the sand, as this will only make your issues worse. It is important to remember that no debt problems are unsolvable. It might not be easy or quick, but there's always a route. And the earlier you deal with them, the easier they are to deal with.

Below is a selection of debt solutions which can help to write off your unaffordable debt:


A debt relief order (DRO) is one way to deal with your debts if you don’t own your own home, don’t have much spare income, and your debts are £20,000 or less. Some types of debt don’t count towards this limit, so check whether you're eligible before you decide.


An administration order (AO) is a formal and legally-binding agreement between you and your creditors to pay back your debts over a period of time.


Bankruptcy is a legal status of a person or other entity who cannot repay debts to creditors. In most cases, bankruptcy is imposed by a court order, often initiated by the person in debt.


An individual voluntary arrangement (IVA) is a formal and legally binding agreement between you and your creditors to pay back your debts over a period of time.


Get help now with FREEZE. We’re here to help you find a debt solution and put your mind at ease.

Is debt making you feel:

  • OUT OF CONTROL and there is nothing you can do about it.

  • HOPELESS especially if your debt is getting worse.

  • EMBARRASSED to talk to anyone about your financial situation.

  • DEPRESSED and anxious every time the phone rings

Let FREEZE help you to take back control of your debts. Simply download the app and answer 2 questions to see what solutions would be best suited to your needs…

Find Your Solution


Freeze Debt Ltd is registered in England and Wales. Registered Number 11842271. 


The information contained within the website is subject to the UK Regulatory Regime and is therefore targeted at consumers based in the UK.


Freeze debt is an information-based service only, at no point do we give you advice on which debt solution is best. We provide you with information so you can make an informed decision on which solution fits your needs.


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