Debt Solutions â Make your Move Part Two
In the previous part of this article I introduced the list of different paths you could take in order to resolve your debts. Now the list continues with many different ways you can clear your debt such as Debt Consolidation loans, IVAs and Scottish Trust deeds. Debt Management Plans Debt management plans are good for if you think you can realistically pay off debts in less than 5 years. With these plans they are organised so that debts are paid off on a pro rata basis, this is determined by what you can afford to pay after considering your cost of living. Once this is agreed upon then you are no longer bothered by your creditors, you pay the assigned administrator who in turn distributes the payment to your creditors. ...
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