There are three debt options that are less frequently used – but one of them may work for you:
- if you have been in a DMP for a while, or have defaulted on your debts, then one of your creditors may offer you a Full & Final Settlement or if you have a lump-sum, you can propose one to your creditors
- if you owe less than £5,000 and have a CCJ, then you may qualify for an Administration Order
- you can try asking your creditors to Write off your debts.