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I have serious debt problems. Which is the best debt solution for me?It all depends on your circumstances and financial state. Our debt advisors will help find a befitting debt solution for your circumstances. Your options include: Debt Management: Debt management experts will talk directly to all your creditors and negotiate one single affordable monthly payment which you can manage. Debt Consolidation: It will combine all your debts into one consolidated loan; you will benefit with lower interest rates and you have to make one affordable payment every month instead of dealing with a number of high interest payments. IVA: This is a legally binding arrangement between you and your creditors. Insolvency Practitioner (IP) will help set up your IVA, negotiates with your creditors, freeze your high interest rates and help you with a single affordable monthly payment so you can be debt free in 5 years or less. Generally bankruptcy is believed to be the last resort for a debtor. With any debt solution you choose you are assured significant reduction in the amount of your debts and at the end of 5 years or sometimes even a lesser period of payments you will be debt free. DEBT Questions and answers.
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