Debt Management Process

A Debt Management Plan allows you to make a reduced payment to your unsecured creditors. The monthly amount that you repay will be dependant on your own financial circumstances, but you should be left with a monthly payment which is affordable to you.

To see if Individual Voluntary Arrangement.co.uk can help you with your debt management, please call today on freephone 0800 048 1766.

Step 1: Contact us today on our freephone number, or fill out the Quick Enquiry form for a free callback. We will take a detailed look at your income and expenditure which will help us to determine if you are suitable for a debt management plan.

Step 2: If you fulfil the debt management criteria and decide if it is the correct solution for you, we will send you out one of our welcome packs which will detail more information about your debt management plan.

Step 3: You send back the required documentation so that we can get your debt management plan put into place. This involves contacting creditors on your behalf to negotiate the new payment plan. We will keep you updated with this progress, and some creditors are willing to freeze interest and charges on your debt, although we cannot guarantee this.