Is your debt causing you stress you could do without? Are you sick of phone calls and letters from companies you owe money to? Are you struggling to pay the bills? If the answer to any of these questions is yes, you could benefit from a FREE assessment by Delta Debt Management & IVA Advice available by calling 0800 988 8199 or by asking for a FREE call back by filling in your information on the form on this page.

Delta Debt Management provide solutions such as Individual Voluntary Arrangements (known as IVAs) and Debt Management Plans (known as DMPs) to people in the UK. These are the two main debt solutions for people who are struggling to pay their credit cards, loans and other debts for whatever reason. Debt is a fact of life for so many people in the current climate and if you are reading this page, you are probably well aware of why people are struggling. Whatever your circumstances, we can help, we will assess your current income and outgoings and aim to advise you of a solution that is manageable, without you having to take out a loan or other credit.

Whilst we can’t promise that your debt will be written off, we will work hard to reduce or stop interest and charges on your debt. With an IVA, we may be able to write off a large chunk of your debt, however, in the meantime or as an alternative, we may offer you a Debt Management Plan to make life easier by stopping those phone calls and letters, freeing up money to pay your bills and reducing your stress.

You don’t need to suffer in silence, get help with an IVA or Debt Management Plan today, so you can enjoy tomorrow.

What is an IVA, is it better than bankruptcy?

An IVA or Individual Voluntary Arrangement is a great alternative to bankruptcy. Bankruptcy will write off your debt, however, you will be forced to sell most of your possessions and will probably loose your home. With an IVA, these effects are reduced and you can negotiate through us with your creditors to reduce the impact on you and your family.

With an IVA you will know when your debts will be cleared, this is usually 60 months from the arrangement beginning which is a great advantage over other forms of debt management. It is a legally binding contract, and takes longer to get in place than a debt management plan, however, our IVA experts boast the shortest assessment time in the industry. We average six weeks to get to a meeting with all of your creditors to agree an IVA.

Do I qualify for an IVA?

Each case is different, however, if you have more than £10,000 of debt, then an IVA (Individual Voluntary Arrangement) might be the right solution for you. At Delta Debt Management we provide expert IVA and debt advice for clients with larger debts. Through our Insolvency Practitioners, The Debt People, we are licensed to arrange an IVA on your behalf. An IVA is a programme that will allow you to substitute your unsecured debts with one affordable, manageable monthly payment for a fixed period, usually 60 months, and at the end of the IVA your remaining debts will be written off.

To speak to one of our experts now in order to find out if you could qualify for an IVA or if you would be better off with a debt management plan, please call now on 0800 988 8199 or ask for a FREE call back by filling in your information on the form on this page.

What is a debt management plan, is it a consolidation loan?

Both IVAs and debt management plans are very different to a consolidation loans. With consolidation loans, you are required to get extra credit, however, we will not get you any further into debt by lending you any more money. We aim to reduce your debt level from the outset by negotiating with your creditors. Debt management works by us collecting all your debts together and managing them for you, taking away your stress. Depending on your circumstances, we will be able to negotiate with your lenders to get interest frozen and charges stopped. This can have a large impact on the amount you need to pay back. Combined with the way your payments are calculated based on what you can afford to pay, not what you owe, this will significantly reduce your monthly outgoings to a level you can afford. Your money management problems could be solved with a solution like a debt management plan. Debt management plans can be reassessed if your circumstances change, the amount that you pay can be adjusted throughout the term. We are licensed to give debt help to people who are finding it difficult to manage their debts and are now in need of professional debt advice.

For friendly and helpful advice, please call free on 0800 988 8199 or ask for a FREE call back by filling in your information on the form on this page.

So how would an IVA help you?

We have a wealth of IVA experience in house, which we can use to negotiate with your lenders and in most cases reduce the amount that you pack back by a substantial amount. Instead of lots of payments, you will only make one monthly payment to your IVA and your debt will be cleared at the end. This single payment will be much more easily managed, as it will be based on your current circumstances, not the level of debt you have. With an IVA, we can help you to afford to live again, without constantly thinking about the bank balance.

Do you need IVA advice?

An IVA is a legally binding contract for all parties. It must be arranged by a qualified and regulated Insolvency Practitioner. You must always seek professional advice if you are in financial difficulty to make sure that you have a thorough understanding of how an IVA works before committing to it. To help you with this, we provide jargon free, clear IVA advice. Our advice is always offered putting your interests first, we are here to help you clear you debts.

Can an IVA help you write off 70% of your debt?

For IVA help, talk to us. IVAs are all too often promoted inaccurately, many companies using statements that would lead you to believe that 70% of your debt can be written off. This is simply a huge exaggeration to get you to call them and get them to set up your IVA. It is true that an IVA can write off fairly large chunks of your debt, however, they have to be worthwhile to the companies who lent you the money in the first place, otherwise they will not agree them. Realistic IVA help is what we’re here for, so if you want to know the real facts regarding IVAs please contact us on 0800 988 8199 or ask for a FREE call back by filling in your information on the form on this page.

Would a Debt Management Plan be better for me?

Under certain circumstances, you may be suitable for a debt management plan. This is a much less formal agreement to repay your debt. Like an IVA, you pay a single affordable repayment which is split up and repaid to your creditors in proportion to the amount that you owe to them.

Unlike an IVA, it is not a formal contract and so you are not bound to the payments if your circumstances change. Many creditors may agree to freeze interest and charges on a debt management plan, provided that they are satisfied that the repayment offered is realistic and that you are seen to make regular payments.

Why are we the right choice for IVA advice?

For some people’s debt problems, we may need to simply advise them on budgeting more effectively, or prioritising debts in a more efficient way. Sometimes we may need to suggest an informal way of repaying debts – like a debt consolidation loan or a debt management plan, whilst in other cases a more formal debt solution may be required – such as an Individual Voluntary Arrangement (IVA), Debt Relief Order (DRO) or even bankruptcy. If you live north of the border you will not qualify for an IVA, however you may be eligible for a Trust Deed – call us for more details. We will always give you the best advice for your circumstances.

Whatever your level of debt, whatever your circumstances, call us for free IVA advice, or debt management help, on 0800 988 8199.