Are there Alternatives to an IVA?
Although there are some attractive reasons to use an IVA as your debt solution, there are also 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 organizing your finances to get them back on track, a Debt Management Plan may be the best solution.
- Debt Relief Order: If you have low income, and not many assets, this debt solution may be your best option.
- 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 options. 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.