Debt Management Articles

For those people who live in Manchester, who are struggling with their debt repayment commitments and who are looking for help in becoming debt free - look no further.… Read more

When people are experiencing financial pressure due to an over commitment to their personal unsecured debts, they often will not know which way to turn to get help.… Read more

At My IVA Adviser we can advise you of the right solution to your debt problem. Generally speaking your options consist of bankruptcy, debt management or an IVA.… Read more

As a specialist IVA company, My IVA Adviser provides the very best levels of support to help you through the initial stages of an IVA application - but it doesn't stop there.… Read more

According to figure released by the Citizens Advice Bureau, it could take 77 years, on average, for people asking them for help with debt to get back into the black.… Read more

Debt management plans are informal arrangements between a person in debt and their creditors. Here are the main objectives of any debt management plan....… Read more

To help you decide which of the debt solutions you prefer, here are the main Pros and Cons of each choice. There are essentially two types of Debt Management Programmes. Both are considered 'informal' arrangements. The first type is a 'self help' Debt Management Programme. This is where a person contacts all their creditors under their own steam to explain they are experiencing financial problems, then agrees a new monthly repayment directly… Read more

The crucial decision. Do you make your repayment plan Formal by using an Individual Voluntary Arrangement, or Informal by using a Debt Management Programme ? Your personal circumstances will have a major bearing on the outcome of this decision, because each solution, be it an Individual Voluntary Arrangement (IVA) or a Debt Management Programme, has its Pros and Cons.… Read more

The answer to this question should be determined by the personal circumstances of each individual case and, because each case will be different, there won't always be a simple answer to this question. There will be times when the advantages of an IVA will be obvious when compared to a Debt Management Programme (DMP), for instance when the applicant needs legal protection from their creditors, or is looking to benefit from… Read more

As members of the Insolvency Practitioners Association (IPA), My IVA Adviser are genuinely interested in making sure that people seeking help for debt problems are given accurate advice from the outset.… Read more