A Debt Management Plan will allow you to have one affordable payment each month to meet all you unsecured credit agreements. Negotiation is made with all creditors to reduce or even freeze interest and charges on your accounts getting you Debt Free as quickly and as affordably as possible.
The service is tailor made for you with your new, single, consolidated payment being based on the amount you can afford each month and not what you owe.
An IVA is a Government Approved Service which can wipe away thousands of pounds you have outstanding in debt. During an IVA you have just one affordable payment often less than half of what you currently have to pay each month.
The single payment is paid over a 5 year period after which the remaining debt is wiped off. During an IVA the companies who you owed money to legally have to stop any contact with you giving you a quiet, stress free life.
A debt consolidation loan is one that is used to pay off your other existing debts, resulting in just one lower monthly payment.
This type of loan is frequently used to combine your unsecured debts. A debt consolidtation loan makes it easier to maintain your overall budget and keep to a fixed repayment plan.
WARNING: THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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