Remember, debt plans are intended to be flexible, so if you don’t quite meet the criteria don’t worry, you still may be able to qualify!
We are one of the only debt management companies not charge upfront or setup fees. Paying any company setup or upfront fees will cost you hundreds of pounds that is completely unnecessary and could be going towards your debts.
You can start to set up your IVA today just speak with a one of our expert advisors.
Having a good relationship with creditors we make sure every debt plan is carefully considered by the lenders so you get the best possible outcome. We aim to get interest and charges frozen as soon as possible in your plan wherever possible, although once accepted this is guaranteed with an IVA.
We pride ourselves in having an excellent customer care team. Highly trained and able to answer any question quickly and professionally.
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An IVA is a voluntary agreement that is made between you and your lenders to pay off your debts over a set period of time. It is a formal, government approved legal debt solution. Approved by the court and your lenders have to stick to it.
An Individual Voluntary Arrangement must be set up by a qualified insolvency practitioner (IP). This will be a lawyer or accountant.
You will no longer deal with any of your creditors, the insolvency practitioner (IP) deals with your lenders throughout the term of your IVA, normally 60 months.
Most other debt management companies are likely to be more expensive because they charge a set up/ upfront fee. WE DO NOT CHARGE ANY SET UP OR UPFRONT FEES SAVING YOU HUNDREDS.
If you decide to go for an IVA, the insolvency practitioner will work out a repayment plan based on what you can afford. The repayment proposal is then forwarded to your creditors and if 75% of the lenders agree you will only pay back the agreed set amount each month, usually for 60 months. Your monthly repayment will be paid directly to the insolvency practitioner who will distribute the money to your creditors.
Once your IVA has been agreed by your lenders, they will be unable to take any further action against you and any interest and charges will be stopped.
When you have completed your IVA you will no longer owe any money to the lenders and any debt leftover will be legally written off.
Speak today to a qualified debt professional who will answer any questions or concerns you may have. Our advisors will be able to talk you through your situation and help plan your next step, whether it’s an IVA or an alternative solution.