If you live in the East of England and you are suffering from debt problems there may be good news, as you may be able to pay off your debts quicker than you had expected. The development agency of the East of England has received 400,000 from its European social fund. According to the Citizens Advice, the money is available to help residents in the area to improve their financial skills. It is hoped that by doing this more people will be able to overcome their debts and pay off money they owe and become debt free.

Attitudes towards money management are one of the keys to overcoming money problems, whether you live in the East or not, and with help from a debt management team you may be able to enter into an IVA or a debt management plan and arrange to clear your debts over time.
If I wanted to clear my debt I could take iva help or advice on a debt management plan, depending on how much money I owed, with a specialist. When entering into either an IVA or debt management plan my debt management team would work alongside me and even arrange the plan on my behalf. Providing I paid the agreed amount each month by the term of the agreement had arrived I would be debt free.