Deciding on the right Debt Free solution can often be a worrying and confusing time as there are so many different debt solutions to choose between. Each debt free solution is designed to suit specific financial needs and situations, so it is important to get expert debt free advice to see which one is right for you.
Our debt free advisors are on hand to offer you debt advice about any one of our debt free solutions, and their expert guidance could be just what you need to help you decide which debt solution is right for you.
The following gives you the examples of some debt free solutions which you may come across:
- Debt Management Plans: A Debt Management Plan is a debt solution which could be suitable for those struggling with unsecured debts below £12,000. It is an informal creditor agreement where you make one lower monthly payment to your unsecured debt.
- IVA: An IVA (Individual Voluntary Arrangement) is a debt free solution which could be suitable for those struggling with unsecured debts over £12,000. This is a formalised agreement with your creditors where you make reduced monthly payments over a typical 60 month period and any unaffordable debt can be written off.
