Debt Help
At some time or another during our lives most of us will overspend and get into debt. Sometimes we can get our finances back on an even keel by cutting down on a few luxuries.

What is a debt management plan?
A Debt management plan is an arrangement between yourself and a Debt Management company who agree to supervise and distribute your debt repayments to your creditors. Some people can restructure their repayments into a more convenient plan and you won't have to sell your home as part of the agreement. Interest charges are not usually stopped and Debt Management companies may or may not charge a fee for their services - Debt Free Direct would only ever recommend non-fee charging companies.

What is an IVA?

IVA stands for Individual Voluntary Arrangement and they are designed to help you to find your way out of debt. They are a little more involved than a debt management program and they are usually run over a 60 month period. The main idea is to write everything that you have coming in and everything that you have going out. An affordable monthly plan is then agreed on and the company managing your Government IVA will then negotiate with your creditors.

What is Debt Consolidation?

Debt consolidation, for many people, can bring a huge bring a massive sense of relief. By consolidating debt , you can eliminate or reduce collectors' calls and letters, as well as just being able to feel more secure.

Being responsible for one loan repayment rather than having many bills to pay can be easier to manage and reduce the risk of missing payments. With a debt consolidation loan, by clearing your existing liabilities with your creditors, it is even possible that you can improve your credit score.