Debt Management or IVA?

Both Debt Management Plans and IVAs are debt repayment plans which are suitable for insolvent debtors. 

A Debt Management Plan is most suitable for those with lower levels of debt. To qualify for an IVA, you must have debts over £15,000. 

Both solutions offer you one affordable monthly payment which is tailored to your financial circumstances.

To see if you qualify, fill in our One Minute Debt Test which will give you an idea of some of the solutions which are available to you. Or speak to our expert advisors on 0808 131 9108.

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.)