How Do I Manage My Debt?

Managing debt is one of life’s greatest struggles. You never know how you get into the situation and if you do, you cant work out when you’ve fallen too deep in the debt hole.

Learning to manage your debt is essential to maintain a good life. Luckily there are companies out there that will help you manage your debt and provide you with options that best suit you.

Yes, they get something out of it but you get to start living your life again.

Depending on what debt you have there are various ways that you are able to  receive the best solution. It doesn’t always have to be unmanageable!

There are various options such as:

  • Bankruptcy
  • IVA
  • Debt Management
  • Debt Relief Order


Bankruptcy is a legal status for individuals that cannot pay off their creditors. When you’re bankrupt, your assets and excess income are used to pay off your creditors


IVAs are unique in the UK debt management industry. Besides bankruptcy, no other debt management solution is so comprehensively backed by legislation to protect the rights of both the debtor and creditor so debts can be tackled for their mutual benefit.

Because of this, there is a defined procedure that is followed for every IVA that is applied for.

Debt Management:

A Debt Management Plan is an agreement between you and your creditors to pay all of your debts.

Debt management plans are usually used when either:

  • you can only afford to pay creditors a small amount each month
  • you have debt problems but will be able to make repayments in a few months

If you find yourself looking for a confidential debt management company that is able to offer you free advice & help place you in the best financial position then I’ve got the perfect company. 

Not many companies come recommended but this one does..


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