If you are struggling with your debts, there are a number of solutions available to you.
To take the first step on the road to becoming debt free, complete the form below
Disadvantages of Debt Management / IVA / Consolidation Loans
You will not be able to secure any further unsecured borrowing during the five year period
You are tied into a fixed, formal contract for five years.
We cannot include any secured borrowing, such as a secured home loan or car finance in the arrangment.
You will need to disclose all personal financial details to your creditors and the IP
If your debt level to certain creditors (MBNA, Capital One, Northern Rock, Black Horse, HSBC) is above a certain amount, their policies may hinder your chances of qualifying for an IVA
You may have to include any cash assets that you have in the VA
