Both IVA and Debts Management are agreements with your creditor, where you agree to pay back a set about each month. But there are a number of firm differences between the two:

Type of Agreement.
An IVA is a legally binding agreement between the debtor and the creditor. Once an IVA has been approved then the creditor cannot change their mind and pull out of the plan.
Whereas a debt management plan is an informal agreement and creditors …

If you are looking for a way to reduce your monthly payments to creditors then you might want to consider what plan is best for your circumstances – Debt Management or an IVA.
Both of these debt solutions mean you make one affordable monthly payment which is tailored to your circumstances. The best way to discover which one is best for you is to speak to our expert Debt Management advisors on 0800 0481 777.
Debts Management or IVA?

Debts Management

IVA

Is my name kept private?
Yes, there is no public record …