I am actually on a debt management plan and I am considering an IVA.However my concerns are that if the IVA fails,will my creditors accept the debt management again.
If you are on a DMP with the same provider that is looking at your IVA then you should still be paying into your DMP whilst your IVA is being looked at, which in reality means there will be no effect should you be rejected as your DMP will continue as before.
If you are looking at an IVA with a different provider then that is another matter, speak to your IP to get their take on it.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
Before my IVA I was in a DMP with a different provider to that used for my IVA. Payplan (who I used for the IVA) just said that if my IVA wasn't approved, they would put me onto a DMP for 6 months and then try again.
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