Ticker: CLEA Exchange: L

ClearDebt aims to be the most efficient and low-cost producer of Individual Voluntary Arrangements for over-indebted consumers, using a web-based system that allows potential clients to estimate which, if any, Debt Resolution solution is most applicable to their needs (or whether they are, in fact, solvent but worried), before discussing their needs with an expert advisor. Consequently ClearDebt is able to charge less than most competitors and provide IVAs for clients with lower levels of income and indebtedness. It is a leading member of the Debt Resolution Forum, which seeks the adoption and maintenance of professional and ethical standards in the sector. ClearDebt also manages Protected Trust Deeds (the Scottish equivalent of IVAs) and, through its Abacus subsidiary, Debt Management Plans, again charging lower rates than most competitors. Other services include the supply of pre-paid Debit Cards for those who are ineligible for credit.

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