I owe around about £13000 and I pay £60 a week and around about £8 of this is a fee for alcear. Is a DMP the same thing as an IVA? I ask because i have spoken to a mortgage advisor who has informed me that if this is an IVA it will affect any chance of a mortgage until it is finished. Welcome, This ...

I have made an arrangement with a company called alclear formally harrington brooks,to sort out my debts. By this i mean for a small fee they have made payment arrangements with my creditors. Is this an IVA?