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Alternatives to debt consolidation

When your debts mount up, it can feel incredibly overwhelming, especially when creditors start chasing for them. Consolidating all your debts into one manageable repayment may not be the absolute best option for you in your unique set of circumstances.

Some examples of alternative debt solutions include the following:

  • Mediation
  • Debt management plan
  • Administration Order
  • Debt Relief Order
  • Individual Voluntary Arrangement
  • Bankruptcy

All of these solutions have different sets of requirements and suitabilities, and may or may not apply to you. The best thing you can do is give us a call to discuss each one to see which best suits.

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