IVA Advice - Individual Voluntary Arrangement
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- Complete the short enquiry form
- An advisor will call you direct
The Longer You Leave Your Debt Problems - The Worse The Situation Becomes.
IVA Explained
Debt Management consolidates debt in to ONE low affordable payment without further borrowing
Debt Solutions
- Stop Interest & Charges
- Reduce Your Monthly Repayments
- Reduce Your Repayment Period
- Stop Creditors Chasing
IVA Free Advice
An IVA free advice is introduced by the Insolvency Act 1986 as an alternative to bankruptcy. By this people facing serious debt problems makes a proposal to their creditors to solve the problem. If the proposal is accepted by majority of the creditors, then all, debtor and creditors are bound under a contract. Under a standard IVA a debtor has to pay an affordable amount each month into a fund over 5 years.
Prerequisites and other facts:
You have to meet certain criteria’s as a debtor. You must have a debt of at least £15,000 owed to three or more lenders. It is important that you should get best advice when IVA is chosen. Also the organization should be professional and independent. It is very important as when you deal with an IVA, you are bound with an agreement for five years. So you should carefully understand various facts and clauses of the deal before choosing an IVA.
Today you can find out a lot of IVA organization offering very lucrative offers, but you should check them well before opting them. Some of the key points that should be kept in mind before going for any IVA organization are as below:
a) The IVA advice you are being offered should be impartial.
b) The IVA advice must consider the perspective of both creditors & debtors.
c) IVA advice should be compliant with appropriate licensing and regulations.
d) Advisers should have IVA and debt management experience.
e) All IVA advice and supervision process and systems should be defined and governed by experienced professionals.
IVA free advice has got great benefits, some of them are
a) The interest rate is frozen.
b) The overall debt is reduced.
c) Legal proceedings are stopped.
Latest UK Financial News - Last updated 2009-10-30 15:35:09
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"After the first phone call we felt immense relief. They didn't patronise us in any way. There's no better feeling than knowing you are in control of your finances. We just knew that we've done the right thing."
Mr and Mrs D & P Lincoln
