An IVA, or Individual Voluntary Arrangement, is a formal agreement with creditors to pay back a portion of your debt, typically over five years. A DMP, or Debt Management Plan, is an informal arrangement where you make regular payments to a provider who then distributes those funds to your creditors. These terms can often be confusing, so it's advisable to seek guidance from a qualified debt advisor who can explain the options based on your personal circumstances. You can find more information on debt help terms on official sites like gov.uk or through FCA-authorised organisations.