Debt Management Plans are a debt solution which is designed to help you regain control of your personal finances, by reducing your monthly outgoings to your unsecured debt, and repaying this debt at a level you can afford.
A Debt Management Plan is an informal agreement between you and your creditors. It allows you to repay your debt at a realistic level and shows your creditors that you are committed to repaying all of your debt, even though it may take you a little longer to do so. This type of …

A remortgage means that you are getting a new mortgage deal without moving home. The new mortgage will pay off your old one as well as release equity which you might use to repay unsecured debt.

Most of our clients have chosen a secured loan for debt consolidation purposes.
The new loan could pay off your existing unsecured debt and therefore replace it with your one new loan. But we will not place any restrictions on what you can or cannot do with your loan.

The amount that you will need to pay your creditors during your IVA is based on your individual circumstances. During the IVA proposal your Insolvency Practitioner will go through your finances and help you to decide an amount that you can afford to repay. Your creditors choose to accept or reject your proposal during the Meeting of Creditors.

An IVA can only include your unsecured debts, which includes credit cards, store cards and personal loans.
Secured or Priority debts cannot be included in your IVA proposal so it is important that you keep up to date with these. Examples of debts which cannot be included in your IVA include your mortgage, car hire purchase and student loan company debts.