Compare Debt Solutions is a trading style of Insolvency Onboarding Limited (Company No. SC767165). Compare Debt Solutions does not provide debt advice, debt counselling, debt adjusting, or administer any debt solutions. We provide an information and onboarding service only.
Any firm we refer you to will be authorised and regulated by the Financial Conduct Authority and/or licensed as an Insolvency Practitioner. They will provide you with free regulated debt advice and will explain all appropriate debt solutions, including the advantages and disadvantages, so you can make an informed decision. Any fees relating to a debt solution will be explained by the regulated adviser/IP and set out clearly in their documentation.
Our Role
With your explicit consent, Insolvency Onboarding Limited collects the information and documents required by the adviser/insolvency practitioner to assess your circumstances and provide regulated debt advice. This may include:
- completing a fact find
- collecting supporting documents such as bank statements, payslips and creditor information
- gathering information required for identity and AML verification by the adviser/IP
- assisting in obtaining a soft credit search where required (conducted by the partner firm or its provider)
- securely transferring your information to the adviser/IP to enable them to deliver full debt advice
We do not provide advice, make recommendations, assess suitability, or determine eligibility for any debt solution. Decisions regarding all debt options are made solely by the regulated adviser or insolvency practitioner.
Our Relationship With You
We act as an introducer and onboarding service. If you proceed with a solution through one of our partner firms, we may receive a fee for the introduction and for the administrative services we have provided.
If at any time you wish to withdraw consent, cancel the process or have your data removed, you may contact us at: setup@comparedebtsolutions.co.uk
Your enquiry and information may be processed by one of our trusted third-party partners for the purpose of providing regulated debt advice. These firms will discuss all appropriate debt options and solutions based on your circumstances.
Free, impartial debt advice is also available from MoneyHelper (www.moneyhelper.org.uk).