Thousands of people in the UK choose a Debt Management Plan after receiving free, no obligation advice from Debt Free Direct. For those struggling with debt we offer totally independent, impartial debt management. UK citizens with debt problems have been taking advantage of our free debt advice for over seven years.
Don't despair, an IVA might be the answer
If you have built up debts and feel there is no solution, do not despair; there is likely to be a debt solution for you. UK residents with debts over £15,000 often find that the most effective solution to their debt problem is actually an IVA. An IVA (or Individual Voluntary Arrangement) allows you to pay back people you owe money to in affordable monthly instalments, usually over a period of five years and avoids the consequences of bankruptcy. Find out more about IVAs.
Have you considered Debt Management?
For those with debts of less than £15,000 debt management can often be a more suitable alternative to an IVA. A debt management plan is an agreement negotiated on your behalf with people you owe money to, whereby your monthly repayments are reduced.
At Debt Free Direct, we only recommend debt management if we believe it is the best solution for you after listening to your debt problems and using our Best Advice Model. If we feel another debt solution is more appropriate, we’ll let you know.
Some so called debt specialists will offer you limited options when it comes to dealing with your debts. At Debt Free Direct we will always explain all the options open to you and will only advise a course of action for you to take after having looked impartially at your finances in detail and in the strictest confidence. We can advise you on bankruptcy, IVAs, debt management plans and consolidation loans; whatever the best option is for you.
We are committed to improving debt management in the UK and have lobbied for stricter regulation within the debt management UK industry.
