No one knows what the future holds. But some are more uncertain than others. If our financial circumstances are fairly stable – job, family etc. – then we may feel that we are in a stronger position to make longer term decisions affecting our debt solution. But for others thing are more precarious. For some, there is a fear that things could get worse. Perhaps our job is insecure and we fear redundancy. Or things are going to be better – but with greater financial responsibilities - we’re starting a family! Or we have our sights set on promotion, or our new self-employed venture needs time to get off its feet. What lies ahead should impact our decisions about debt options. An IVA looks good in our present circumstances, but if our income increases during the life of an IVA, it is likely that our IVA payments will increase too. Some people regret taking out an IVA – “if only I had realised my increased income I would have avoided an IVA as I can now easily afford to repay my debts quickly”. For some it may mean a temporary solution whilst things work themselves out – an IVA may be the answer but the timing is wrong. So it makes good sense to plan ahead when there are known or likely changes. Someone has £20,000 of debt and can only afford £200/mth after they have paid rent/bills, car finance and other car costs, food/clothing etc. An IVA looks a good option. But what is known is that the car on HP at £300/mth ends in 12 months and the payments will stop. So the £150 available now becomes £450 in a years’ time. It may mean that a repayment plan starting at the £150 but increasing after 12 months is a better way of dealing with the debt. It is at the very least food for thought!