A debt management solution could be the right answer to your debt problems, but it will depend on your individual circumstances. Debt management solutions involve a Debt Management company negotiating with people you owe money to on your behalf in order to agree on lower repayments. For many people it’s a sensible way to make their debt more manageable and easier to pay off.
It is important you are aware that, unlike an IVA, a debt management solution is not a legally binding contract and therefore people you owe money to are not bound to stick to repayment arrangements made. The best way to find out if a debt management solution is an option for you is to contact Debt Free Direct.
An IVA is often a sensible course of action
If you have debts over £15,000 and are in full-time regular employment, an Individual Voluntary Arrangement (or IVA) with Debt Free Direct will often be the right course of action to take, but depending on your situation, debt management may well be a more appropriate answer to your debt problems.
By using our independently approved best advice model, an advisor at Debt Free Direct will identify the best possible debt solution to meet your individual needs. We will only ever offer advice that is right for you, not us. At Debt Free Direct, if we do identify a solution as being the most appropriate course of action for you to take, that's what we'll recommend, but you are under no obligation to follow our advice.
Our Best Advice Model has been checked independently and you can be confident that we will always recommend the right solution for dealing with your individual debt problems. It may be that an IVA is the most sensible course of action for you to take. Whatever course of action we decide upon with you, our advice is free and you can rest assured that you will receive helpful, non-judgemental and impartial debt advice every time.
