What are the Alternatives to a Debt Management Plan?

It's not just debt management plans we deal with. Along with DebtMatters IVAs and partner company Creditflex, we are able to offer a range of solutions for the management of your debt.

IVA - Individual Voluntary Arrangement

An Individual Voluntary Arrangement (IVA) is an agreement between you and your unsecured creditors, whereby you pay an agreed and affordable sum of money each month, usually for 5 years. The total that you pay is then divided up between your creditors, who accept this sum in full and final settlement of all that you owe to them.

• Read more about IVAs and insolvency
• Visit the DebtMatters IVA website

Debt Consolidation Loan

Debt consolidation loans are one way of consolidating your debt if you are a homeowner. You will need to have enough equity in your home to cover the debts you wish to pay off, such as credit cards, personal loans and banking overdrafts.

• Read more about debt consolidation loans
• Visit the Creditflex Loans Debt Consolidation website

No Credit Check Banking with Prepaid Card

Like a normal bank account, Creditflex Banking is a facility that lets you stay in control of your routine payments, standing orders and bills but without the risk of going overdrawn and overdraft charges.

• Read more about No Credit Check Banking with Prepaid Card
  
• Visit the Creditflex Banking with No Credit Check website