However, the phrase `debt consolidation` is often used to mean any debt solution which combines your debts into a single monthly payment - including a professional debt management plan and an IVA ( Individual Voluntary Arrangement ). …

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<a target=”_blank” href=”http://www.thinkmoney.com/debt/debt-consolidation/does-debt-consolidation-affect-my-credit-rating-0-3041.htm” title=”IVA News: Does debt consolidation affect my credit rating?”>Does [...]

This debt solution works on the basis of making a single monthly payment to an intermediary (a private company or debt charity) that disseminates this to creditors on a pro rata basis. Unlike an Individual Voluntary Arrangement (IVA) or …

Continue here: Are Debt Management Plans a Waste of Money? Are Better Debt …