What Debt Solution is Right for Me?

If you are insolvent then an IVA or Debt Management Plan are two debt solutions suitable for you. 

Both a Debt Management Plan and IVA offer some form of repayment to your creditors. They best suited to those with various debts spread over a number of different accounts with different creditors.

Instead of struggling to make unaffordable payments to your creditors or in the worst scenario, not paying anything at all then both debt solutions means you make one single payment that is affordable to you. The amount that you pay will be tailored to your circumstances.

Not sure what debt solution is right for you? Take the AllClear Finance 1 Minute Debt Test to see your potential debt solutions.  

Your ideal debt solution can only be determined by your financial circumstances. Our expert AllClear Finance advisors will offer you free information and advice We can be contacted via our freephone number 0808 131 0038. Alternatively fill in our Quick Enquiry Form and we will call you back.

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)