Answer:  They are two completely different animals.

Debt consolidation is where you may take out one loan to consolidate a multitude of other loans and debts you have, so you only have the one loan and one monthly payment.

This is in essence just consolidation the many loans and acounts into one loan; and one monthly payment.

For some people this works in helping them get out of debt, although you cannot borrow your way out of debt, as it allows them a lower monthly payment, which may be more affordable.

Debt management is a whole other story.   This is where you may use a debt management plan or an IVA/Individual Voluntary Arrangement, to make payments to the loans and accounts you have based on what you can afford, not what the creditors are asking for.The types of arrangements, in particular IVA's, are set-up and handled by a third party assisting the debtor.

An IVA is a formal arrangement, and a debt management plan is an infrmal arrangement.

I hope this has answered your question.For more information and assistance, please complete our eligibility form at our web site www.debtmanagement.co.uk or ring us at 0800 690 6853.

Regards,

Jon