If you are considering an IVA, then the chances are that your debts are spread out over a number of different creditors and have perhaps been built up over a number of years.
We believe that every case is different and your individual financial circumstances are unique to you. This is why One Advice have expert advisors who are able to talk through your finances and help you to come to the best decision.
Below you will see a simple table detailing the features and benefits of the 4 main debt solutions. Put simply, the more ‘Yes’ answers the better! To help you understand the options available to you in more detail, simply fill in the enquiry form so that we can contact you or call us on 0800 048 1752.
| Debt Management | IVA | Consolidation Loan | Bankruptcy | |
| Will my debts be cleared within an agreed period? | No | Yes | Yes | Yes |
| Will interest be frozen? | No | Yes | No | Yes |
| Are my creditors likely to accept less than I owe? | No | Yes | No | Yes |
| Will my debts be reduced? | No | Yes | No | Yes |
| Will this stop my debts from increasing? | No | Yes | No | Yes |
| Is the service Free? | No | No | No | No |
| Will I be able to avoid selling my home? | No | Yes | Yes | No |
| Am I protected from my unsecured creditors? | No | Yes | No | Yes |
| Will my creditors stop pursuing me for repayment? | No | Yes | Yes | Yes |
| Will I be seen to be trying to do the right thing by my creditors? | No | Yes | Yes | No |
| Do I retain control of the situation? | No | Yes | Yes | No |
| Is it a confidential procedure? | Yes | Yes | Yes | No |
| Will I avoid the stigma of bankruptcy? | Yes | Yes | Yes | No |
| Will the procedure be administered by a licensed Insolvency Practitioner? | No | Yes | No | Yes |