Debt Management Articles
Here are some articles written specifically about the Debt Management option. We hope you'll find this information useful.
If you have any particular questions which are not answered here, please feel free to call our helpline on 0800 088 7503
Debt Management Articles
Debt Management Plan or IVA?
There are many benefits that are gained through the IVA process that a DMP simply can't provide, but that doesn't mean an IVA is always the better option.
It is generally accepted that an IVA provides a greater degree of protection from creditors, which is particularly important for homeowners and some professionals to whom bankruptcy is a real threat.
But how the two options compare on other factors is equally important.
R3 Calls for new Debt Management regulations
In 2006, R3, the Association of Business Recovery Professionals, issued a call for new regulations to be implemented for all Debt Management companies.
More regulation of Debt Management companies rejected
In response to R3's call for more regulation, the government rejects the calls for more regulation of firms that provide Debt Management services.
A lifetime of debt repayments
The Citizens' Advice Bureau release figures showing visitor's searching for debt help faces, on average, 77 years of debt repayments as a result of higher debt levels and lower than average income.