There are five main debt solutions for dealing with debts over £15,000. For very serious debt problems, the three most common ways are shown in red.
An IVA is often the fairest way forward for both you and people you owe money to if you owe more than £15,000 and are struggling to meet your repayments. This page is only a summary of possible debt solutions and when we know more about your situation we will be able to identity the right debt solution for you. See how an IVA compares with other solutions on the chart opposite. If you think an IVA might be right for you why not check out the IVA Pros and Cons as well?
* Remortgage A – Provided via Debt Free Direct
** Remortgage B – Provided by some other companies. Assumes not all unsecured debts are covered via the remortgage.
