Debt management plans and IVA's
Debt Management Debt Management is a potential financial solution that could allow you to reduce your current monthly payments to your unsecured creditors to a more affordable amount without having to borrow more money. IVA If you have 3 or more creditors and owe more than £15,000 in unsecured debt, it is likely that this solution could be the most suitable for your circumstances. In addition, you must be employed and have surplus income of £275 per month. An IVA is a legally binding agreement and normally runs up to 60 months