In the UK?
Debt management is an informal arrangement between yourself and your creditors usually run by a 3rd party company,
If you enter debt management your creditors will often issue default notices against you, these will damage your credit rating but not too seriously to stop you from applying for mortgages.
Defaults will stay on your credit file for 6 years from the date the notice was issued.
The IVA is a different arrangement. It is a formal 5 year procedure which should be on your credit file for 6 years from the start of the arrangement.
Debt management is an informal arrangement between yourself and your creditors usually run by a 3rd party company,
If you enter debt management your creditors will often issue default notices against you, these will damage your credit rating but not too seriously to stop you from applying for mortgages.
Defaults will stay on your credit file for 6 years from the date the notice was issued.
The IVA is a different arrangement. It is a formal 5 year procedure which should be on your credit file for 6 years from the start of the arrangement.