Loans, debt and bankruptcy

It’s never too late to start dealing with your debts. Have a look at the different types of debt and what solutions there are available to sort them out.

If you need further advice email our specialist debt advice team, or, if you prefer, click here to find details of our free, specialist, independent, confidential debt advice service surgeries.

Dealing with debt

Don’t bury your head in the sand. Find out about taking action, how to best to deal with debt and how to take control of your money worries.

Breathing Space scheme

If you are in debt or arrears, you might be able to get some breathing space whilst you get some specialist debt advice. Find out more about the Breathing Space scheme here.

Debt solutions

Can you get your debt written off? Or find another solution to debt problems using debt management plans, token payments or a voluntary charge on your home.

Consolidating debts

It’s a big risk to consolidate your debts by taking out one single loan to pay off all or some of your other debts if the loan is secured against your home. Always get advice before you agree to consolidate your debts.


Bankruptcy is one solution to serious debt problems but it has important consequences. Make sure you know the risks and get debt advice before serious money problems grow.

Alternatives to bankruptcy

There are alternatives to bankruptcy. Find out more about administration orders, debt relief orders (DROs) and individual voluntary arrangements (IVAs).

Whose debt is it?

If a bill is in the name of your partner or someone who has died, don’t assume you must pay the debt. You may not be liable. Always check before you pay.

Priority and non-priority debts

If you’re struggling with debts, it is important to know which ones are priority debts and which are non-priority debts.

Credit card debt

If your monthly credit card bill has become a problem, you could be getting into debt. Don’t risk a poor credit history. Get advice about credit card debt.

County Court Judgments (CCJs)

A County Court Judgment (CCJ) will affect your credit history. Find out more about what a CCJ could mean to you and how you may be able to deal with it.

Credit union loans

A credit union could be a much better alternative to expensive short-term credit, such as payday loans. Find out more about credit unions and how they work.

Where to get help with debts

There’s no need to pay to get help with debts. Find out where you can get free information and specialist help with debts – by phone, in person or online.

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This page was last updated on: May 26, 2021

Shelter Cymru acknowledges the support of Shelter in allowing us to adapt their content. The information contained on this site is updated and maintained by Shelter Cymru and only gives general guidance on the law in Wales. It should not be regarded or relied upon as a complete or authoritative statement of the law.