There has been an increase in the amount of individuals seeking debt management help and advice as some realise that the state might not provide the safety net after all they thought they would have if they become unemployed. It seems the number of people who once believed the state would step in and help them with debts if they became unemployed has dropped. With jobs being lost on a regular basis due to redundancies many are turning to debt management teams to find ways of obtaining debt help.

If you have unsecured debts you may want to consider taking out an IVA, however there are some pros and cons to entering into an IVA and so obtaining iva help with a specialist debt management team is the first step. When taking an IVA you enter into an agreement that would allow you to pay off your debts within a fixed period. Your debt management team contacts those you owe money too and if you enter into the agreement you pay one monthly sum of money to your team who then spread it out amongst those you owe money too. Providing you stick with the agreement when the term of the IVA has been reached you will have become free of debt.