Get IVA Help and IVA Advice from The Debt People
IVAs and debt management plans are forms of help available to you if you are struggling with your day to day finances. They are real government approved alternatives to bankruptcy. The advantage of which is that you can negotiate terms which are more beneficial to both you and to the companies you have lent money from. More and more people are falling into debt because of the current economic climate. Through no fault your own, life has become more difficult and much more stressful. Unmanageable debt causes stress, anxiety and worse. It can cause arguments, leading to the breakdown of relationships. It can ruin family life and homes can be lost through it if you are forced to declare yourself bankrupt. Help is at hand in the form of IVAs and debt management plans. If your debts are getting too tough to deal with, we can offer IVA advice, reduce what you have to pay back and spread the payments over a manageable term.
The Debt People have been providing IVA advice and debt management help to people like you for 12 years and we have a wealth of experience in house. It doesn’t matter what level of debt you have, chances are if you are reading this, we can help. Complete the form on the right of this page and an experienced Individual Voluntary Arrangement (IVA) and debt management specialist will call you to give debt advice, or IVA help, that’s relevant to your needs. If an IVA or debt management plan is not right for you, we can offer other forms of debt help or refer you to one of our sister companies.
Don’t suffer in silence…get IVA help today so you can enjoy tomorrow.
Can an IVA reduce my debt?
Our IVA experts can negotiate with your creditors to try to reduce the amount you pay back, stop interest and late payment charges. This is then paid back through one affordable monthly payment to your IVA, helping you to manage each month whilst clearing the debt, so you can concentrate on living your life. Unlike many smaller less reputable debt management companies, we will not claim that we can write 0ff 70% of your debt, this is not the case with either an IVA or a debt management plan. Each case must be individually assessed and in the case if an IVA, the outcome must be beneficial to your creditors too. What an IVA can definitely do is give you piece of mind, knowing that your debt will be clear in a fixed term, usually 60 months. It is normal that after this period, any remaining debt will be written off.
Is IVA advice necessary?
As with any financial plan, you should have a thorough understanding of how an IVA works before committing to it. To help you with this, we provide jargon free, clear IVA advice. Our advice is always offered putting your interests first, we are here to help you clear you debts. In the case of an IVA, only a qualified insolvency practitioner is legally allowed to propose the arrangement. You must therefore seek professional IVA advice. An IVA is a legally binding contract, meaning that certain paperwork is required, our IVA team has the shortest assessment time in the industry and will make it their absolute priority to get your case agreed.
Do I need IVA help?
For IVA help, talk to us. IVA’s are regularly promoted inaccurately with statements claiming that everyone is entitled to write off 90% of debt. This is not a true representation of an IVA. IVA’s can write off a large proportion of debt under certain circumstances, this does depend on each individual case so we don’t want to quote specific figures. Realistic IVA help is what we’re here for, so if you want to know the real facts regarding IVA’s please contact us.
How is debt management different to an IVA?
Under the right circumstances, you may be eligible for a debt management plan, which is a much less formal agreement to repay your creditors. Like an IVA, you pay a single affordable repayment which is repaid to your creditors in proportion to the amount that you owe them.
Unlike an IVA, it is not a formal contract and so you are not bound to adhere to it if your circumstances change. Many creditors may agree to freeze interest and charges on a debt management plan, provided that they are satisfied that the repayment offered is realistic and that you are seen to make regular payments.
The Right Choice for an IVA or debt management plan
For some people’s debt problems, we may need to simply advise them on budgeting more effectively, or prioritising debts in a more efficient way. Sometimes we may need to suggest an informal way of repaying debts – like a debt consolidation loan or a debt management plan, whilst in other cases a more formal debt solution may be required – such as an Individual Voluntary Arrangement (IVA), Debt Relief Order (DRO) or even bankruptcy. If you live north of the border you will not qualify for an IVA, however you may be eligible for a Trust Deed – call us for more details.
Whatever your level of debt, whatever your circumstances, call us for free IVA advice, or debt management help, on 0800 037 0053.
