IVA Alternatives Compared
| IVA | Debt Management | Bankruptcy | Re-Mortgage | |
|---|---|---|---|---|
| Runs for a fixed length | a | r | a | a |
| Debts can be written off | a | r | a | r |
| Creditors bound by law | a | r | a | r |
| Debt has to be paid in full | r | a | r | a |
| Advertised in local paper | r | r | a | r |
| Debt free within 6 months | a | r | a | r |
To qualify for an IVA, you must have – 3 creditors, unsecured debts over £18,000 & have a steady income.
If your income is benefits only, consider looking at Debt Management or Bankruptcy.
To qualify for Debt Management, you must have at least 2 unsecured debts & total debt over £4,000.
Click Here to apply for an IVA Plan
Click Here to apply for a Debt Management Plan
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