Man Woman Phone Hero

Personalised debt solutions

Everyone is different and so are their finances.

Whatever your situation or personal circumstances, Tully will build advice and recommend a plan that is tailored to you.

Using the online budget you'll build with Tully and the other details you tell us, our debt advice experts will recommend the plan that will work best for you.

So you can deal with your debts and focus on the future.

Get started

The Tully Flexi-Plan

Life isn't fixed, so why are debt repayments?

The Tully Flexi-Plan is a world first. A debt management plan with payments that can go up and down every month, based entirely on what you can afford. So if you don't get the hours you expect at work, or you get stung with a surprise bill, don't stress. Your Flexi-Plan will deal with it.

A Flexi-Plan puts you in total control. Make over-payments anytime, stop whenever you want or even switch to a different plan.

The Flexi-Plan has been built to adapt to the ups and downs of real life, including any curve balls that might come your way.

If you haven't been sent to Tully by one of your lenders, join The Mission today and we'll let you know as soon as we can help you.

Get started
icon: Summary Girls Maya

Debt Relief Order (DRO)

A Debt Relief Order (DRO) is a way to have your debts written off if you have a relatively low level of debt and few assets.

If you meet the criteria for a DRO, you pay £90 up front and make no repayments to the debts included in the DRO for 12 months.

If your financial situation hasn’t changed at the end of this period then all debts included in the DRO will be written off.

icon: Manageable Shape

Individual Voluntary Arrangement (IVA)

An Individual Voluntary Arrangement (IVA) is a contract between you and your lenders.

With an IVA you will repay a fixed monthly amount to cover all of your debts for 5-7 years, depending on how much money you have in an average month.

If you stick to the IVA then your remaining debts will be written off after 5-7 years.

icon: Flexible Shape

Bankruptcy

Bankruptcy is a legal procedure that you can apply for if you are unable to pay off your debts in a reasonable time.

You will pay £680 up front and a fixed monthly payment for 12 months based on how much money you have in an average month.

icon: Summary Couple Peony

Minimal Asset Processes (MAP)

Minimal Asset Process (MAP) is a legal procedure that you can apply for if you are unable to pay off your debts in a reasonable time, have a low income and few assets.

You will pay £90 up front and you won’t need to make any payments towards your debts. If you meet the requirements, all debts are written off after 6 months.

icon: Summary Girls Plum

Protected Trust Deed (PTD)

A Protected Trust Deed (PTD) is a contract between you and your lenders.

With a PTD you will pay a fixed monthly amount to cover all of your debts for 3-4 year based on how much money you have in an average month.

When you finish your PTD in 3-4 years your lenders will write off any remaining debt.

icon: Summary Block Citrus

Sequestration

Sequestration is a legal procedure that you can apply for if you are unable to pay off your debts in a reasonable time.

To get Sequestration you will pay £200 upfront but any assets you own, such as a house or car, could be sold off to pay your debts.

icon: Manageable Shape

Debt Payment Programme (DPP)

Under the Debt Arrangement Scheme (DAS) introduced by the Scottish Government, a Debt Payment Programme (DPP) is a way of repaying your debts by making affordable monthly payments.

With a DPP you will pay a fixed monthly amount based on how much money you have in an average month. This is then shared out between your lenders.

The availability of the debt solutions listed above will depend on your personal situation and also whether you live in England, Wales, Northern Ireland or Scotland.

If you would like to build a budget and get personalised debt advice, join The Mission and we'll be touch to help you get started.

Get started

It's early days for Tully but you can join The Mission to help everyone take the stress out of their debt.

Tell us who your lenders, council, energy, water and telephone providers are and, if we're working with them, we'll be in touch so you can get started.

If we’re not working with any of your providers, we’ll let you know as soon as we are and invite you back to get started with Tully.

Please include your first and last name.

Please list your current lenders, energy, water, telephone providers and council. For example; Capital One, QuickQuid, E.ON, Nottingham City Council, Severn Trent water, Vodafone etc.

Marketing Permissions

We'd love to send you the latest updates on the Tully mission and update you when your lenders come onboard. Let us know how you'd like to hear from us by checking the boxes below.