Compare options

What's your next step? Weigh up the pros and cons to see which option is best for you...

Debt management
Pros Cons
+ Lower monthly payments - Fees to pay
+ An alternative for people not eligible for other solutions - Your debt can grow
+ One affordable monthly payment - Your creditors can change terms
+ Interest & charges could be frozen - Many years before you're debt free
+ Your privacy protected - You have to pay off your debt in full
+ Can help with debts as low as £2,000  

Debt consolidation
Pros Cons
+ Lower monthly payments - Secured debt can risk your home
+ For small and large debts - Rolling interest charges
+ Credit rating unaffected - You have to pay off your debts in full

IVA
Pros Cons
+ Up to 75% of your debt written off - For people with debts over £15000
+ Debt free in 5 years or less monthly payment - Payments usually from £300 a month + One affordable
+ Interest and charges frozen  
+ No need to lose your home  
+ Professional status unaffected  
+ Creditor action stopped  
+ A legally binding agreement  
+ Your privacy protected  

Bankruptcy
Pros Cons
+ Protection from your creditors - Lose your home
+ A final solution - Risk your job
  - An order placed on your salary
  - Your bank account closed
  - Credit blacklisting
  - Your name in the newspaper

Which debt solution is best for you? Find out now with our 60 second test.

iva

What about bankruptcy?
What about debt management?
What about debt consolidation?

Take the 60 second test
FREE Confidential
debt advice
0800 051 57 51
debt relief FREE Debt
Management Manual
The guide explains the IVA process and how it compares to the other options.

To obtain the manual via a link sent to the email address that you provide below, please complete the following fields.

Name:
Email address:
     
   

Under Construction