Deep in debt and looking for an IVA Debt Solution?
“No more sleepless nights worrying about increasing debts and calls/letters from threatening creditors”
Depending on your level of debt, £15,000+, an IVA debt solution expert will help you through what is involved with an IVA and how it can make you debt free in 5 years.
- Freeze interest payments
- Government backed debt solution
- Stop those threatening demand letters & calls
- Stop bailiff actions & court orders
- Only pay what you can afford each month
- No obligation
- 100% Confidential advice
What is an IVA?
An IVA ( Individual Voluntary Arrangement) is a Government backed debt solution which was initially designed as an alternative to Bankruptcy. An IVA may be right for you if your debts are £15,000 or higher.
With an IVA debt solution your debt repayments are combined into a single monthly payment through a licensed practitioner. And he then acts on your behalf with all of your creditors.
And as long as you adhere to the IVA agreement any remaining debt still outstanding after 60 months will be totally written off, leaving you completely debt free!
IVA Case Example: Total Debt £35,000
Monthly payment £242, paid back over 5 years. The total you would pay back is £14,500 and the Total Debt wiped clear is £21,740. As you can see a very big part of the total debt is wiped clear so if you would like an exact IVA debt solution plan of what you would have to pay then use our Enquiry Form opposite to get in touch.
So to know whether an IVA debt solution is right for you then a general guide is that you can’t pay your debts although IVAs may not be right for everyone with a debt problem. Generally IVAs are not ideal for people who owe less than £15,000 or who only owe money to one or two creditors. Also people who cannot afford to pay more than £225 per month after allowing for living expenses.
With help from our IVA debt solution experts you will quickly know whether an IVA is right for you and if an IVA is not suitable then another debt solution may be suggested. So, don’t worry get in touch with IVA Debt Solutions today and let our debt experts put your mind at rest.
Other Debt Solution Options
Debts over £5,000: Debt Consolidation Loans can be used to pay off exisiting debts and leave you with one low monthly payment. To apply for a Debt Consolidation and you are a Homeowner – Click Here and if you are a Tenant – Click Here.
Debts over £5,000: Debt Management (DM) is another alternative to an IVA. So if your debts are below £15,000 and you have built up debts on credit cards etc then a Debt Management Plan (DMP) will be considered. This will be put in place so you can pay back all your debts in one low monthly payment. To enquire about a DMP then please use the Enquiry Form above.