Opening Hours: Mon – Fri 9am – 8pm

Debt help if you owe money as a result of a legal contract

Contract debts include money owed for services. The most common types of contract debt include:

  • Gym memberships
  • Mobile phone contracts
  • TV/Internet packages

Contract debts involve a set period of time and set or variable payments. In the first instance, where you stop repaying the contract, you’ll lose access to the services. As you fall into arrears, your account will default, after which the debt will progress to collection.

This will be recorded on your credit report, which will affect your ability to get credit in the future. Ideally you should seek debt help prior to arrears.

Worried about debts that won't go away?

Debt help tips for tackling contract debt:

  • As soon as you know that you’re going to struggle with your repayments, you should contact your services pro They may be able to provide you with a reduced repayment option, or divide your total arrears over the remainder of the contract.
  • In some especially dire situations, mostly where your circumstances have changed for the foreseeable future, your service provider may cancel your contract. Check your contract for details as to whether this may be an option.

Ready to seek debt help? Talk with the National Debt Help team on 0800 002 9051.

*An Individual Voluntary Arrangement (‘IVA’) is subject to the customer meeting qualifying criteria and gaining creditor acceptance. Monthly IVA payments include fees and may differ to the example provided, based on the assessment made of your own personal circumstances – these fees will be clearly explained to you in writing by your IVA company. Debt write off amounts are subject to creditor acceptance and vary by individual customer based on their own financial circumstances, and are applied upon successful IVA completion.

Substantiation example, Someone owes £60,000, they pay £100 over 60 months which equals £6000, write off amount would be £54,000 which is 90% of total debt level. Upon submitting your details on this website we will pass your details to one of our approved partners as this website does not give any advice.

Free debt counseling, debt adjusting and credit information services are available from the Money Advice Service.

National Debt Help
How we use cookies   X