Are There Alternatives to a Debt Management Plan?
Although there are some attractive reasons to use a Debt Management Plan as your debt solution, there are some compelling reasons why another form of debt management would work better. These include:
- Trust Deeds: similar to an IVA but only applicable if you live in Scotland.
- Debt Management Plans: If you don't have a great deal of debt but need some help organising your finances to get them back on track.
- IVA: If you have a lot of debt and hope to write some it off, an IVA could be worth considering.
- Bankruptcy: This should be your last choice because of the impact it will have on your financial future.
Use our free easy-to-use comparison tool to get a good understanding of your current financial solutions. Allow us to help you identify the best debt solution for your individual situation, and then assist you making the first steps towards a brighter financial future.