Breathing Space is like a financial sigh of relief, offering a temporary break and protection for individuals dealing with money challenges.

Keep in mind, though, that Breathing Space is a short-term fix. Its purpose is to give you a little breathing room to explore professional debt advice and start crafting a solid, long-term plan for financial stability. Think of it as a valuable pause button on your financial journey.


Standard Breathing Space:
Your Financial Timeout
Need a breather? The Standard Breathing Space is like hitting pause on financial stress. Simply apply through debt advice, and you get up to 60 days of protection. There’s even a mandatory check-in between days 25 and 35 to make sure you’re on the right track. It’s your chance to take a step back, review your financial landscape, and get the guidance you need to pave the way for lasting financial stability. Consider it your personal financial timeout.

Mental Health Crisis Breathing Space: Support When You Need It Most
In times of a mental health crisis, the Mental Health Crisis Breathing Space is there for you. Simply apply through an Approved Mental Health Practitioner (AMHP), and you’ll get protection for the entire duration of your treatment, along with an extra 30 days. It’s like a safety net, offering crucial support during a challenging time. Think of it as a helping hand, giving you the space you need to focus on your well-being without the added stress of financial concerns. Your peace of mind is our priority.


1. Freeze on Interest, Fees, and Charges:
Picture this: When you’re in Breathing Space, it’s like hitting the pause button on interest, fees, and charges for your debts. No more financial snowballing! This break gives you the chance to catch your breath and focus on finding a solid, long-term solution without the added burden of extra costs.

2. Pause on Enforcement Action and Creditor Contact:
Breathing Space not only freezes the financial bits but also puts a temporary stop to enforcement actions by creditors. And guess what? You get a little break from those persistent creditor calls too. It’s like creating a bubble of calm, giving you the space to connect with debt advice and explore the best paths to conquer your financial challenges. Your financial peace of mind matters!


After Breathing Space: What to Expect

As your Breathing Space comes to an end, it’s important to be aware of what follows. Here’s the lowdown:

Interest, Fees, and Penalties May Resume: Brace yourself, as creditors might start adding interest, fees, and penalties back onto your debts. It’s like the financial clock restarting. 

Enforcement Actions Can Restart:
Prepare for the possibility of creditors taking action to enforce the debt. They might resume activities to recover what’s owed. 

Legal Proceedings May Resume or Begin: Watch out for the potential resumption or initiation of legal proceedings. This could mean a return to or the start of formal legal actions related to your debts. Stay informed and be ready for what’s next on your financial journey! If you need guidance, debt advice is just a call away.

*Please note, entering into a debt solution can affect your credit rating for at least 72 months, fees may be payable if ongoing services are provided. A follow up call will be required to confirm details outlined in your enquiry, at which point we will be able to discuss which solutions you qualify for.