Debt Management & IVA’s

We Plan, You Relax


Call NOW on: 
 01633 712 894

Stop demands from lenders
Reduce your debt by up to 80%
Lower monthly payments
Make one monthly single
affordable payment for
all your debts

Our service is free of charge and is 100% confidential.

Our aim is to ensure the help we give you is straightforward.

We will discuss the type of financial difficulty you are in and

endeavour to find the correct and appropriate solution.


Our debt advisors are qualified, regulated and monitored by the

Financial Conduct Authority and are experienced to provide

confidential debt advice and help during this difficult and stressful time.  

Debt Management Plan (DMP)

A DMP (Debt Management Plan) is an informal agreement between a debtor and their creditors.

DMP’s could help to reduce outstanding debts over a fixed period of time at a lower repayment level to help people regain control of their finances.

To calculate how much they can afford to repay, the income and expenditure of the individual or household is taken into consideration including rent/mortgage, secured loans, utility bills, and essential living expenses (food & TV license etc.) and the surplus is the individual’s disposable income which is then distributed to creditors (less any fees due) If the individual’s circumstances change, payments may be lowered or raised accordingly, so the plan is totally flexible and there is no binding contract.

So if you’re experiencing financial difficulties and finding it hard to make your monthly repayments on any loans, credit cards, store cards or other unsecured debts then a Debt Management Plan could help you regain control of your finances.


Important things to consider:

• A Debt Management Plan is not legally binding.

• Your credit rating will be affected.

• Your creditors can still contact you.

• Your debt is not written off (it can get worse).

• Interest could continue to build up.

• A Debt Management Plan can take a long time to complete.


Individual Voluntary Arrangement (IVA)

If you decide to apply for an IVA, we will work out a new personal budget for you and based on what you have told us we will include this in your offer to creditors, known as an IVA proposal. Also included in your proposal will be details of how you found yourself to be in financial difficulty and also details of any assets you may have so that creditors can fully understand your financial position.

Your proposal will be sent to each of your creditors and if enough of them agree to it, it will be approved. In order to achieve this we need creditors who own 75% of your unsecured debt to accept the IVA for it to go ahead.

Whilst we can’t guarantee that your creditors will agree to an IVA, we will do all that we can to demonstrate that it is the right option for all parties involved.

Once the IVA is approved your first monthly payment must be made within 30 days.

At the end of a successful IVA, any unsecured debt that you couldn’t afford to repay will be written off.


Important things to consider:

• If you fail to keep to the terms of the IVA your creditors can resume collection actions for the full outstanding balance and no credit will be given in relation to any payments for fees within the IVA.

• Failure could also result in your creditor taking bankruptcy action.

• If you are a homeowner, you may be asked to release equity in the final year of the IVA, but an IVA should not force the sale of your home.

• If you have assets which are not essential to you then you may be asked to make these available to your IVA (e.g. savings plans and ISAs).

• Your credit rating will be affected for six years, starting from the date the arrangement is agreed.

• You are not allowed to borrow or obtain credit during your IVA without the permission of your Supervisor.

• The fees that we charge for preparing and supervising an IVA are included in the agreed monthly amount that you pay into your arrangement.


To speak to a friendly We Plan Group adviser to answer any questions you might have about any of our services.

Call NOW on:
01633 712 894

About us

Debt management services are offered by Help Debt Plus (Wales) Limited, registered in Wales Number 06313661. Registered office Ty Glyn, 1 Brecon Court, William Brown Close, Llantarnam Business Park, Cwmbran, NP44 3AB. Authorised and regulated by the Financial Conduct Authority, Firm Reference Number 674653. You can check this on the FCA Register at