Debt Management Plan

 

Debt Management is a way for you to consolidate your debts and make just the repayments you can realistically afford. It is most suitable for those with unsecured debt levels between £3,000 to £10,000.

A Debt Management Plan is an informal creditor agreement and your monthly payment will be paid to us which we will evenly distributed between your creditors. Additionally we will deal with your creditors call and letters, should you receive any.

For more detailed information about how a Debt Management Plan will help solve your debt problems, please call our freephone number on 0808 131 9110.

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)