Singer Daninii Minogue now of X Factor fame has not always had it so easy, as she revealed that she had a debt problem in the 90s she was in debt to the tune of 150,000. Did she turn to an IVA as a way to write debt off? Alternatively, did she go for a debt management plan? Both of which would have allowed her to pay off her debts over a period. In fact, she did not turn to either; instead, she took matters into her own hands and decided to bare all for the magazine Playboy.

While this did in fact end her debt nightmare, it is not of course a suitable option for all of us! If you want debt advice and more suitable choices as ways to pay off your debts than stripping off, then a debt management team will be able to advise you on which may be the more suitable option.

When you enter into an IVA or a debt management plan you are able to pay off your debts over so long. Depending on how much you owe will depend on which of the plans is more suitable. You may even be able to save money each month when compared with what you were paying out to different lenders when you enter into one of the plans.