If you are struggling with Debt but you feel as though a debt management plan is not for you, there are other alternatives that you might want to consider.
If you have high levels of Debt then an IVA might be the answer. IVAs are government legislation which were introduced for those with high levels of debt. Like a Debt Management Plan, you will make monthly contributions to your creditors. But the main advantage is that any unaffordable debt is written off!
Secured lending might be an option for you if you have more equity in your home than outstanding unsecured debt. As long as you can be sure that you can keep up on the repayments, then this might be a good options for you.
IVAs.co.uk can also offer you advice on bankruptcy. It is not something we would recommend and urge you to make sure you have fully exhausted all other avenues. But if you are struggling with debt, we are here to help. Please contact our advisors on 0808 131 9103.