IVA Comparison
A Debt Management Plan and an IVA both require that you make a reduced payment to your creditors. Below offers you some of the comparison, and differences, between the two.
If you are still unsure about which option is best for you, please call One Advice today on 0800 019 5870.
Debt Management vs. IVA
If you have become insolvent, which option you decide to take will be determined by your individual circumstances.
Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.
Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.
Failure to complete the term of an IVA can result in bankruptcy.
(In Scotland, a PTD is the equivalent to an IVA.)
Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.
Failure to complete the term of an IVA can result in bankruptcy.
(In Scotland, a PTD is the equivalent to an IVA.)
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