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Want to write off a large percentage of your debt?
In many instances, that's just what an I.V.A. will
do. An I.V.A. stands for Individual Voluntary
Arrangement and is specialist agreement constructed by a
Debt Counsellor and supervised by an I.P. (Insolvency
Practitioner). Your Debt Counsellor will negotiate with
your creditors (people you owe money to) to reduce your
total debt and make monthly payments much more
affordable. I.V.A.'s usually last 5 years, however after
that, you are usually totally debt free.
Need an immediate solution? Call
us for advice NOW!
Speak to a real person 24 hours a
day. We'll pay you £200 if we cannot help!*
An I.V.A us a serious step though. If you do not keep
up your repayments, your creditors may force you into
bankruptcy. That's why its important to have your Debt
Counsellor set monthly payments you can afford. Also
your Debt Counsellor will know to what extent your
creditors will reduce your debt. I most cases, you will
need to re-mortgage in Year 4 to release a small amount
of equity from your house to add to your monthly
payments. However, in a lot of cases, monthly payments
can be reduced by between 25% and 75%.
Example:
Mr J. owed £98,000 with monthly repayments of £2,900.
After the I.V.A was accepted his monthly payments
dropped to £375 per month for 40 months, followed by 20
monthly payments of £475. By remortgaging his house in
Year 4, and bringing in a small portion of his equity,
he was totally debt free (except for his mortgage) in 5
years.
Everybody's situation is different, so to get an idea
of what is feasible for you, please get in touch and we
can advise over the 'phone, or put you in touch with
your personal Debt Counsellor.
I want to do it. How do I start?
OK. Call us
(or request a callback using the green box to the right)
and we will send an advisor round to talk you through
the whole process (no obligation at all). If
you have any initial questions, please check our FAQ's.
What would you like to do now? Choose from the
following list.
Remember - we never charge you a fee
- we make our money from your successful solution.
*We will pay you £200 in cash
if can't provide you with a viable solution within 30
days.
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Want a private, virtual
consultation?
You can use our online advisory
service to discuss all of your
financial concerns and an
advisor will reply via email
with practical, honest & free
advice. You don't even need to
give your full name!
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Testimonials
"I was in
serious debt, but you showed me
that there were still options.
Now I have written the
majority of the debt off and I
will be debt free in 59 months!"
L.E., Salford
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