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Post by ian439 » Mon Jan 21, 2019 7:32 am
Should I take a debt management plan or an IVA?


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Post by Foggy » Mon Jan 21, 2019 7:53 am
It is impossible to say without looking at your full circumstances -- a chat with a few providers will give you a better idea. A lot depends on the amount you owe and the amount you can afford to pay. In an IVA you are time limited, interest is frozen and anything unpaid at the end is written off -- they typically last 5 or 6 years. In a DMP you might still pay interest and you pay until the debt is settled in full --- which can take a lot longer than 6 years.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Lisa Thomas

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Post by Lisa Thomas » Mon Jan 21, 2019 10:11 am
It really depends on your circumstances. We need much more information to advise.

My short videos here explain the differences between the procedures:



I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: ... Z5k9ZcC2MA 01752 786800
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