IVA's - DEBTS over £15,000? Write Off Your Unaffordable Debt With An IVA

Individual Voluntary Arrangements, also known as an IVA or IVA's have helped 1000's of people in the UK become debt free since their introduction back in 1998 - you can now avoid all the worry and trauma of bankruptcy and become debt FREE after 60 months.

If you have unaffordable unsecured debts over £15,000 and you think one affordable monthly payment would help you on your way to becoming debt FREE, contact us today and our friendly advisor will call you back at a time convenient to you to discuss how we can help you.

What Is An IVA or Individual Voluntary Arrangement?

An IVA is a formal and legal agreement between you and the companies you owe unsecured monies to - these are your creditors.

Once an IVA is in place, you will be able to clear your debts at a more affordable monthly payment over a fixed period, this is usually 60 months and any interest that is owing is frozen.

At the end of the fixed period, all outstanding balances are permanently written off and you will be completely debt free.

Due to the formal nature of an IVA, an agreement can only be prepared and supervised by a licensed insolvency practitioner.

An IVA May Be The Right DEBT Solution For You

An IVA is for someone who is looking for an alternative to bankruptcy - it is for someone who still has an income with which to pay off a reduced debt via a programme of more affordable monthly payments.

An IVA avoids the embarrassing publication of personal details in the press and being subject to business and financial restrictions and they are for people who want a solution to their debt problems whilst still protecting their present and future assets.

IVA's are available to both homeowners and tenants alike - alternatively, people owing less than £15,000 might be advised to consolidate their existing debt into a debt consolidation loan.

Brief IVA Criteria:

• MUST have at least £15,000 in unsecured debt
• MUST have at least £250 per month disposable income
• MUST owe at least 3 creditors

IVA Process:

Firstly, our friendly debt advisor will discuss all debt solution avenues with you to ensure you are getting the best possible help and service available.

If an IVA is considered to be the best way forward for you, an application is made and proof of your identity will be obtained and confirmed - all information is the forwarded onto the Insolvency Practitioner.

To request a FREE call back to see if an IVA would be the best debt solution for you, contact us now and our advisor will contact you at a time convenient to you.

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