Are you considering a debt management plan? Did you know you could write off up to 85% of your debt.

There are other alternatives to debt management plans, if you have debts of over £6000 then an IVA might be just what you need. Why not pick up the phone or fill in our quick call back form and a see if this is the solution for you.

*Debts of under £6000 do not qualify

Alternatively why not complete our online form to see if you qualify

So what’s the difference between a DMP (debt management plan) and an IVA?

IVA

You may be able to freeze all interest & charges
You may be able to get up to 85% of your debt written off
Legally Cease Creditors Chasing For Payments
Government backed scheme

DMP

Are not legally binding
Interest charges are not guaranteed to be frozen
All debts have to be paid in full and could be over a longer timescale
Could have a negative impact on your credit rating as it’s not a contractual payment

Although the above paints a debt management plan as a poor alternative, it’s not! It’s designed for lower level of debts, so if you owe less than £6000, find out more about DMP’s at moneyadvicecentre.co.uk

Otherwise lets see if you qualify for an IVA