Anyone who watches the adverts on TV or looks at the adverts in newspapers cannot help but notice the amount of Debt Management companies that have sprung up in recent years. These companies tell you that if you have debts of over £15,000 that you can get an Individual Voluntary Arrangement (IVA - or Protected Trust Deed, in Scotland), write off up to 75% of your debt and be debt free within 5 years, which does sound appealing at first glance. However this may not be the best solution for everybody as there can be serious consequences – and getting a secured loan or remortgage by a specialised broker like Newleaf Finance might still be the better option! Read the rest of this entry »