Advantages of a Debt Management Plan

• One lower monthly payment, no matter how many creditors you have.
• An informal financial arrangement meaning that you can avoid lengthy legal insolvency procedures.
• Most creditors are often willing to freeze any additional interest, charges and suspend any legal action on your account.
• Enjoy being "Debt Free" at the end of the programme.
• No formal meetings with any of your creditors.
• The knowledge that you are dealing with your debt problems, leviating any stress and worry.

A DMP is a long term financial commitment which helps you to control your cash flow with one low payment, whilst we will deal with your creditors calls and letters. By speaking to one of our expert advisors on 0808 131 9100 you willl be able to get specialist advice free of charge.

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)