Call us in confidence today, freephone 0800 954 6241
From a mobile it may be cheaper to call 01257 000 00
Lines Open: Mon - Fri 8am - 9pm, Sat 9am - 5pm, Sun 10am - 4pm
|
CALL US ON 0800 954 6241 TO DISCOVER YOUR DEBT SOLUTION
|
Everyone has different requirements and financial objectives – no two debt problems are the same. However, you can get an initial idea of what different debt solutions can do for you from the table below.
To see more about any particular debt solution, follow the links at the top of the table.
| IVA | Debt Management | Bankruptcy | Debt Relief Order | |
|---|---|---|---|---|
| Will assets like my house, be protected? | Yes | Yes | No | N/A |
| Is interest frozen? | Yes | Possibly, but it depends on each creditor | Yes | Yes |
| Will I be protected from unsecured creditors including credit card companies? | Yes | No | Yes | Yes |
| Will creditors stop chasing me? | Yes | No, but most do | Yes | Yes |
| Are some of my unsecured debts written off? | Yes | No | Yes | Yes |
| Do creditors have to cooperate even if they don’t want to? | Yes, if 75% of unsecured creditors agrees to the IVA | No, but most do | Yes | Yes |
| Is there a fixed duration? | Yes | No | Yes | Yes |
| Must advisors be professionally qualified? | Yes | No, but our policy is set by qualified Insolvency Practitioners | Yes | Yes |
| Can I continue to spend as I want to? | No | No | No | No |
| Can I get further credit while the solution is in place? |
No | Difficult (and inadvisable) | No | No |
Further reading
Debt Help | Debt Advice | Financial Advice | Compare Debt Solutions | Store Card Debt | Credit Card Debt | Loan Debt | Remortgage Debt | Debt After Death | Late Payments | Budget Check