An Individual Voluntary Arrangement (IVA) is only one way of dealing with problem debt, and it is not necessarily the right solution for everyone. Depending on your income, debts, assets and personal circumstances, alternatives to an IVA can include a Debt Management Plan (DMP), Debt Relief Order (DRO), bankruptcy, informal repayment arrangements with creditors, or…
0% balance transfer credit cards can feel like a lifeline. You move your debt, stop paying interest, and buy yourself time to get things under control. Used properly, they can be one of the most effective ways to manage credit card debt. But used incorrectly, they can quietly make things worse. Here are the most…
A voluntary Debt Management Plan (DMP) is an informal arrangement between you and your creditors that allows you to repay unsecured debts at a rate you can afford. The word “voluntary” can make it sound like a special type of Debt Management Plan, but generally it isn’t. A standard DMP is already voluntary because it…
If you are currently in an Individual Voluntary Arrangement (IVA) and are wondering whether you can change to a Debt Management Plan (DMP), the short answer is yes, potentially — but you normally need to bring your IVA to an end before starting a DMP. An IVA and a DMP are very different debt solutions….
My complaint with O2 has now been running for around two years. What started as a dispute involving device plans and account handling gradually became a wider complaint about how O2 responds when something goes wrong. The original issue was serious enough on its own, but the length of time taken to investigate it, the…
Buying a home was not something I decided to do overnight. The journey began several years before I submitted a mortgage application, largely because I could see the direction of the private rental market and knew that my family’s position could eventually become uncertain. We had lived in the same rented house for around 14…