What is an IVA?
An IVA is an Individual Voluntary Arrangement.
- It is a legally binding way to reduce the total amount that you pay back on unsecured credit
- It is a way to stop any further interest charges
- It is a way to reduce your monthly repayments
- This mean more money in your pocket at the end of the month - and less worry.
What is Debt Management?
A Debt Management Plan is an affordable repayment programme and managed by an independant company.
- It will be calculated what you can afford to pay each month
- You pay this amount to the debt management company
- The debt management company pays your money to all your creditors for you.