Are there any IVA Alternatives?

When you are thinking about your potential debt solutions, you may think that an IVA is best for you, but not everyone is suitable. IVA's are only suited to those with high levels of unsecured debts over three or more creditors.

But there are IVA alternatives available, and the one which is most suited for you is best determined by getting in touch with us directly. By speaking with one of our IVA, we will be in the best position to help guide you through all the available debt solutions and advise you which one is the most appropriate for you.

IVA Alternatives Include:

Debt Management Plan – Like an IVA, a Debt Management Plan allows you to make reduced payments to your creditors. Unlike an IVA, it does not allow any debt to be written off. But this type of plan is designed to help those struggling with debts by making unsecured payments more affordable.

Trust Deeds – Perhaps the reason you are looking for an IVA alternative is because you are a resident of Scotland. A Trust Deed is an IVA alternative for this problem, the rules are slightly different but, like an IVA, you will pay an affordable amount to your unsecured creditors.

Bankruptcy – We would recommend that you only declare bankruptcy as a last resort and seek other alternatives first. But we do offer a complete Bankruptcy Service if this fulfills your needs the best.

For further information about any IVA alternatives listed above or for further IVA information, call free today on 0800 048 1766.