Do It Yourself (DIY)

You may have heard that you can save money by doing your own debt management for IVA’s Debt Management Plans etc.

Well that is true you can.

So why use a debt consultant if you can DIY?

Well here are some of the reasons why DIY doesn’t always pay.

  1. At the start of the IVA we do a bit of fact finding , then start the process if you qualify the IVA broker will listen to your case that you put forward as to what you can afford. That is one side of the argument. He then puts your points to one side while he listens to the other side who want the debt settled in full. Before the arrangemnet is proposed.
  2. If you are doing it alone you become somewhat isolated. If you use a consultant you have ongoing support.
  3. Your consultant is yours and he will advise you of the best solution to your particular situation.If the IVA fails your creditors will want the debt in full!

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