We are aware that choosing the right debt solution can be a daunting task. We have put together the chart below which shows the differences between the services we offer.
Each solution whether it be an IVA, debt management, consolidation loan or bankruptcy all depend on your individual circumstances and may not apply to your situation.
| IVA | Debt Management | Consolidation Loan |
Bankruptcy | |
| Protection from all unsecured creditors | yes | no | no | yes |
| Long term, likely to save money | yes | no | no | yes |
| Avoids selling house to release equity | yes | yes | yes | no |
| Unsecured creditors legally obliged to write off the debt. | yes | no | no | yes |
| Creditors stop chasing for payment | yes | no | no | yes |
| Creditors who don’t want to help legally obliged to do so. | yes | no | yes | yes |
| Arrangement runs for a fixed period. | yes | yes | no | yes |
| Avoids the stigma of bankruptcy. | yes | yes | yes | no |
| Stops affairs being made public in my local newspaper. | yes | yes | yes | no |
| Stops interest building up. | yes | no | no | yes |
If you are unsure about the comparison chart above please don’t hesitate to contact us or by telephoning 0800 0122 111.
Conditions apply. Please note that repaying debt over an extended period may increase the total amount of debt to be repaid. Transferring debts to a financial management plan will affect your ability to obtain credit in the short term. Your ability to obtain credit may also be affected in the medium to long term. Dissolve Debt Ltd are fee charging financial management consultants licensed under the Consumer Credit Act 1974, Number: 563918
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Dissolve Debt, Garden Place, 4-12 Victoria Street, Altrincham, Cheshire, WA14 1ET UK.
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