Free Debt & Credit Tools - Calculators, Trackers & Generators
Get a clearer understanding of your financial situation with our free, easy-to-use debt management tools.
Reviewed by AI Debt Coach | Tools verified by FCA-regulated advisors
AI-PoweredPersonalized Budget Analysis
Get comprehensive, AI-driven recommendations tailored specifically for your debt situation. Our advanced system analyzes your finances and provides personalized strategies to help you regain control.
AI Budget Analyzer
Get a free, personalized analysis of your budget and actionable steps to manage your debt.
Quick Assessment Tools
Use these calculators to get instant insights into your debt situation and potential solutions.
Debt-to-Income (DTI) Calculator
Understand what percentage of your income goes towards debt payments.
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IVA Affordability Calculator
Estimate how much debt could be written off with an IVA based on what you can afford.
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Take the Next Step Towards Financial Freedom
Our tools provide a great starting point. For a full assessment of your options, use our free IVA eligibility checker. It's fast, confidential, and won't affect your credit score.
Check My Eligibility NowCalculator FAQs
How accurate are these debt calculators?
Our debt calculators provide estimates based on standard financial formulas and typical IVA terms. The Debt-to-Income calculator uses a widely accepted formula (monthly debt payments ÷ monthly income × 100) to give you an accurate DTI ratio. The IVA Affordability Calculator estimates potential write-offs based on a standard 5-year (60-month) IVA term. However, actual IVA outcomes vary depending on individual circumstances, creditor agreements, and assessment by FCA-regulated Insolvency Practitioners. For precise calculations tailored to your situation, we recommend speaking with qualified debt advisors at Money Helper or StepChange, or using our free IVA eligibility checker for a personalized assessment.
Will using these calculators affect my credit score?
No, using these calculators will not affect your credit score in any way. These are informational tools that run entirely in your browser and do not perform credit checks or report to credit reference agencies. You can use them as many times as you like without any impact on your credit file. They are designed to help you understand your financial situation before making any formal decisions. Only when you proceed with a formal debt solution application (such as an IVA) and authorize credit checks would your credit be affected. For more information on how debt solutions impact credit, visit Money Helper or speak with FCA-regulated advisors.
What's a good debt-to-income ratio?
Financial experts generally consider a debt-to-income (DTI) ratio of 35% or less to be healthy. A DTI of 36-43% is considered manageable but approaching the upper limit of what lenders find acceptable. A DTI of 44-50% indicates you are financially stretched and may struggle to meet obligations. Above 50% is considered high risk and suggests you may benefit from debt advice or a formal debt solution like a Debt Management Plan (DMP) or Individual Voluntary Arrangement (IVA). If your DTI is above 43%, we recommend seeking free, impartial advice from Money Helper, StepChange, or Citizens Advice, or using our free IVA eligibility checker to explore your options.
How much debt can be written off with an IVA?
The amount of debt written off with an Individual Voluntary Arrangement (IVA) varies significantly based on your individual circumstances. Typically, IVA write-offs range from 25% to 80% of the total unsecured debt. The key factors include your disposable income, the length of the IVA (usually 5-6 years), your living expenses, employment status, and creditor agreements. Our IVA Affordability Calculator provides an estimate based on a standard 5-year term, but your actual write-off will be determined by an FCA-regulated Insolvency Practitioner after a thorough assessment of your finances. For an accurate evaluation of how much debt you could write off, use our free IVA eligibility checker or speak with qualified debt advisors at Money Helper or StepChange.
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