The answer to this question will be based on the personal circumstances of each case.
Certain situations will clearly suit an Individual Voluntary Arrangement (IVA) over a Debt Management Programme, based on one of the many reasons that make the Individual Voluntary Arrangement (IVA) such a good debt solution, for instance the possible debt write off, or fixed time of the repayments, but other debtor circumstances will favour the Debt Management Programme category.
As a result, offering an answer that suggests an Individual Voluntary Arrangement (IVA) will always be the better solution over a Debt Management Programme would be inaccurate, and also go against our ethics of giving only the best advice.
There is no doubt that a good Debt Management Programme can prove to be a very effective method of solving a serious debt problem, especially in circumstances that preclude an Individual Voluntary Arrangement (IVA) from being a viable solution.
Therefore, feel free to take this link for breakdown of the pros and cons of an Individual Voluntary Arrangement (IVA) and a Debt Management Programme, and then you can read what each solution has to offer.
However, in truth the only real way for My IVA Adviser to inform you of your best option, of either an Individual Voluntary Arrangement (IVA) or a Debt Management Programme specifically tailored to your your circumstances, is for you to call us and discuss your circumstances with one of our specialist Individual Voluntary Arrangement (IVA) advisers.
If you would like to call My IVA Adviser just call 0800 088 7503. Your call will be held in the strictest confidence and the call will be free, so what do you have to lose?
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