Debt Solutions

When you choose an IVA, a specialist debt advisor will be with you every step of the way – helping you on your journey to financial freedom.

Are you looking for an alternative to an IVA? Although we don’t offer the below, one of these may be suitable.

IVA

A formal agreement between you and your creditors, An IVA (Individual Voluntary Arrangement) can be a great solution for those looking to regain control over larger debts. This solution is typically used for sums totalling at least £5,000 and – once approved – the IVA allows you to repay your creditors through affordable monthly amounts.

Key points

Write off debts
Affordable monthly payments
Freezes interest rates
Stops creditor contact

Are you looking for an alternative to an IVA? Although we don’t offer the below, one of these may be suitable.

Debt Management Plan

A Debt Management Plan (DMP) allows you to take multiple non-priority debts and repay them through affordable monthly amounts. Therefore, if you’re struggling to meet the payments generated by expenses such as credit card debt, a DMP could be an ideal solution for reclaiming control and getting your finances back on track.

Key points

A flexible solution
Affordable monthly payments
Resolves nonpriority debts
Better for your credit score

Your debts can't be forgotten - but they can be controlled

We will help you understand your options and offer you the most suitable solution

Find Your Debt Solution

Are you looking for an alternative to an IVA? Although we don’t offer the below, one of these may be suitable.

Bankruptcy

Bankruptcy is a form of insolvency and traditionally used to get a ‘fresh start’ on your finances. Although there are serious implications, bankruptcy means that almost all debts are usually written off. This might seem like a daunting solution but, in certain cases, it is the best outcome possible.

Key points

Write off debts
Get a fresh start
Stops creditor contact
Legally binding

Are you looking for an alternative to an IVA? Although we don’t offer the below, one of these may be suitable.

Trust Deed

A Trust Deed is only available in Scotland and similar to an IVA. For example, it is a formal agreement between you and your creditors to repay your debts over time through affordable monthly payments. Once the Trust Deed ends, all remaining sums owed are usually written off.

Key points

Write off debts
Affordable monthly payments
Freezes interest rates
Stops creditor contact

Are you looking for an alternative to an IVA? Although we don’t offer the below, one of these may be suitable.

Debt Relief Order

A Debt Relief Order can be a solution for those who cannot realistically afford to repay their creditors and have limited assets or income. This arrangement freezes interest rates on your debts for 12 months. Once this comes to an end, and if your financial situation hasn’t improved, the sums included on the plan are written off.

Key points

Write off debts
Suitable for low incomes
Freezes interest rates
Stops creditor contact