Debt Management vs. IVA

Debt management and IVAs are repayment plans got insolvent debtors, meaning that you cannot afford the monthly repayments.
 
If you are considering a DMP or an IVA, then chances are that you have a number of debts spread out over a number of different accounts with different creditors.

Both of these solutions offer one low monthly payment which is tailored to your individual circumstances.

Every case we receieve is unique, as everyone’s financial circumstances differ. We have IVA and Debt Management experts on hand to provide you with more information and determine your right option.

Please call us FREE on 0808 131 9100 or fill in our quick online enquiry form so we can call you back.

If you are struggling with your personal finances, an IVA could be a better alternative to a DMP. An IVA (Individual Voluntary Arrangement) is a legal procedure so a lot of thought needs to be applied before making your decision

 

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.)