Money Advice Direct
FREEPHONE 0800 074 6918
Before you decide on an IVA, you will have ALL the possible options discussed with you. These will include the possibility of a debt management plan and bankruptcy if applicable.
The decision you make will be your own. The Debt Advisor is there to provide you with best advice, but they cannot tell you what you should do.
n IVA offers a 5 year structured plan, where all interest and charges are frozen and where you have the chance to pay a percentage of your debts back, subject to Creditors approval.