With so many debt solutions like Individual Voluntary Arrangements (IVAs), it can be difficult to know what to choose. Debt solutions need to be picked on a case by case basis and you'll need an expert to look at your financial situation before you decide.

What are the options?

Individual Voluntary Arrangements give you the option to make smaller repayments, usually over a five year period.

It's also possible to negotiate payments with your creditors by using a debt management plan, or for smaller debts, you may be able to consolidate your debt with a loan.

Bankruptcy is the last resort when it comes to debt solutions. Before you consider bankruptcy, you should make sure there isn't a better solution for you, such as an Individual Voluntary Arrangement.

How do they compare with an IVA?

Understand how other debt solutions compare to Individual Voluntary Arrangements with The IVA Zone's comparisons guide. You can also keep up to date with any changes in debt, debt solutions, and Individual Voluntary Arrangements by visiting our IVA News section.