Comparison of features, debt management, IVA and trust deed (Scotland only) Feature Debt Management IVA Trust Deed One single affordable payment Reduce or freeze interest and charges not guaranteed   Stops demands from your creditors not guaranteed   Write off all the debt you can't afford   Clears debt in 60 months (36 for Trust Deed)   Prevents and stops legal action or bankruptcy not guaranteed   No public notices affecting reputation Fees payable     Noted on credit file Arrears for late payments  may be shown Able to borrow further credit in the period     Wider choice of mortgage lender     Possible requirement to release equity