IVA Example
Example of how an Individual Voluntary Arrangement (IVA) can help with your debt problems
| Unsecured loan | £12,000 |
| Credit card | £8,000 |
| Store card | £4,000 |
| Total owed | £24,000 |
| 60 monthly payments | £250 |
| Total repayment | £15,000 |
| Debt written off | 37.5% |
IVAs vary and what you can afford towards your debts is the main factor
DMP Example
Example of how a Debt Management Plan (DMP) can help with your debt problems
| Unsecured loan | £6,000 |
| Credit card | £3,000 |
| Store card | £2,000 |
| Total owed | £11,000 |
| Current monthly payments | £385 |
| New monthly payment | £150 |
Plans vary and what you can afford towards your debts is the main factor
