Copyright 2006 The Debt Free Student
Your options
Option 1 - declare yourself bankrupt
STOP! Don't run away at just the mention of the word. Regardless of what previous generations may have thought, bankruptcy does not have the stigma or implications it once did
(see Articles for further info).
Option 2 - enter into an IVA (Individual Voluntary Arrangement)
IVAs are growing in popularity but are still a relatively little-known piece of government legislation, almost tailor-made for many people.
Option 3 - take out a debt consolidation loan
It may seem strange to borrow money in order to pay off money, but a debt consolidation loan can bring your monthly outgoings down to a manageable level.
(see Articles for further info).
Option 2 - enter into an IVA (Individual Voluntary Arrangement)
IVAs are growing in popularity but are still a relatively little-known piece of government legislation, almost tailor-made for many people.
Option 3 - take out a debt consolidation loan
It may seem strange to borrow money in order to pay off money, but a debt consolidation loan can bring your monthly outgoings down to a manageable level.
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