Advice

It is important to realise that a loan is not always the best option when looking to reduce your monthly outgoings. Sometimes Debt Consolidation Loans can be a great solution but it is becoming increasingly difficult to be approved for loans - so it is important to look at alternative solutions.

IVA and Debt Management plans are the best way to reduce your monthly outgoings without borrowing more money. IVA and Debt Management do not increase the amount you owe. They are agreementsw with your creditors to pay back less than you owe them.

Take a look at the guide below and see if you could be eligible. If you are then complete our application form and we will get someone to call you and discuss the options you have.

• Do you have debts greater than £15,000?

• Are your debts with 3 or more unique creditor companies?

• Do you have disposable income over £200 per month?

• Do you have regular form of income?

• Are you a homeowner?

If you can answer YES to all these questions then you could be eligible for an IVA.

• Do you have debts greater than £5,000?

• Are your debts with 3 or more unique creditor companies?

• Do you have disposable income over £100 per month?

If you can answer YES to all these questions then you could be eligible for a Debt Management Plan.