Debt Management Plans
Lots of people are in your situation
Personal debt is not an uncommon problem and contrary to how it might feel at times, you’re not alone in your struggle to make ends meet. Outstanding personal debt stood at £1.412 trillion at the end of August 2012. That’s right – trillion.
If you are having financial difficulty, then a Debt Management Plan could be the solution to helping you with financial stress by managing your debts with an affordable solution. So exactly what is a Debt Management Plan?
Managing your debts starts with understanding them
- How much do I owe?
- How many creditors do I owe money to?
- How much income do I have each month?
- What are my monthly outgoings?
If you have reached a stage where you have more going out than coming in, you really should be seeking professional advice to find out how to move forward and resolve your debt problems.
That’s where The IVA People Debt Management comes in. You can speak to one of our expert advisors with no obligation and no charge. A dedicated debt team available to you take pride on strict confidentiality and a non-judgemental approach.
A Debt Management Plan
Friendly debt experts can assist in getting you set up on a debt management plan which will allow you to make realistically affordable repayments to your creditors. The repayments under a debt management plan will depend on your income and outgoings so you will only have to pay what you actually can afford to pay.
Our team of specialists have a wealth of experience and expertise in arranging debt management plans and negotiating with creditors.
An IVA, or Individual Voluntary Arrangement, is a legal arrangement between you and your creditors that enables you to make repayments against your debts at a rate you can realistically afford.
IVAs typically last 5 years.
IVAs can allow you to have some of your outstanding debt legally written off.
The IVA People have a team of specialist debt advisors who will be able to assist you in deciding what the best course of action for you might be.
Whatever your circumstances, our advisors have a wealth of experience in finding the best debt solution for consumers in financial trouble.
Find the right way forward with your personal finance problems, get in touch with us today!