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.

Client Case Studies

Joanne of Sale

Joanne left University with Student Loans but decided that she would work hard straight away and pay them off. She managed to do so and so she had no real fear of debt.
Free from the burden of student loans she applied for a credit card. This came through no problem at all. [...]

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Irene of Preston

Irene had no real idea of how much her house cost to run. All financial matters had been taken care of by her late husband. On her own she not only had to cope emotionally but now she had to try and run her home on her own.
Irene realised quickly that she [...]

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Mike of Northwich

Mike had a great job and was earning a large salary. He set his life out according to how much he was earning. He built up substantial debts on loans and credit cards and none of these caused him any great concern. After all, why should they when he was taking home [...]

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Mr Leach from Liverpool

Mr Leach came to us on 26 June 2008. He owed over £11,000 and was in receipt of 3 pensions but was really struggling as his wife was unable to work due to her deteriorating mental state.
Mr Leach had battled to look after his wife for the past 4 years and came to us as [...]

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Carol from Perth

Carol became free following debt help from The Debt People. She said the following about the debt advice she received: “It was a relief to know that there was always someone helpful at the end of the phone when I needed any debt advice, and the knowledge that you would always sort it. It was [...]

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Latest Debt Management News

IVA numbers rise as personal insolvencies hit record levels

IVA’s accounted for a large proportion of the 132,142 people who were declared insolvent this year according to figures released today by The Insolvency Service.
50% of this figure declared bankrupt, however, 50% managed to to avoid this by signing onto an Individual Voluntary Arrangement (IVA) or a Debt Relief Order. The overall amount increased by [...]

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British Gas price cut could help ease IVA and Debt Management worries

News that British Gas is to cut its prices could help ease the pressure on financially strapped consumers that are relying on IVA help or a Debt Management Plan as a way to get out of debt.  The recession has taken its toll financially, and the bitter winter has left many people struggling to find [...]

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IVA and Debt Management worries as borrowing on the increase

Debt Management and IVA help providers are concerned at reports that UK consumers are retuning to their old ways when it comes to spending money on plastic.  New UK borrowing on personal loans, overdrafts and credit cards has overtaken the amount being paid off by consumers for the first time in six months, sparking fears [...]

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IVA and Debt Management firms concern over energy bills

Concern has been raised by IVA and debt management companies as news emerged that homeowners face record heating bills.  Figures have shown that energy firms are profiting from the coldest winter for 30 years.  IVA advice specialists are worried that the spiraling costs of gas and electricity could force more consumers into financial difficulty.
The news [...]

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Brits may need IVA help after failing to put savings aside

More and more British people may need to consider an IVA or Debt Management Plan as Research has revealed that the average person only has about £2,000 saved up.
Reports from ING have claimed that as little as £40 has been put away during 2009 and that the average saving is £2,000.
This is just over [...]

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Three in four parents risk developing debt problems this Christmas

Three quarters of families are at risk of developing debt management problems as research shows they are set to spend more money than they can afford on keeping children entertained over Christmas.
The additional cost of keeping children entertained over the festive season means that more than three in four parents (77 per cent) admit that [...]

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Consumers continue to ease debt management problems

Consumers have continued to repay their debts at a record level throughout October, as they continued to focus on paying down existing debts rather than taking out additional loans.
During October, people managed to repay their unsecured balances – such as overdrafts, personal loans and credit card debts – by £579m, the largest contraction since 1993 [...]

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Debt Management worries ease as consumer borrowing falls

Debt Management providers have welcomed the news that consumer borrowing has recorded its biggest fall since Bank of England records began some 16 years ago. There has been a large increase in the number of people struggling with debt problems, and having to seek financial advice to improve their situation.
Consumers have been turning to [...]

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Debt management and IVA providers worry as jobless on increase

Unemployment in the UK will continue to rise, Alistair Darling warned yesterday. In a break from normal procedures, where chancellors resist the temptation to predict future jobless figures, the Mr Darling told MPs that “unfortunately it will continue to rise for a while“. The announcement has caused concern amongst IVA and Debt Management [...]

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Share prices fall due to Dubai debt problems

Debt problems are nothing new to us in these times, however, there are new concerns in the stock markets across Europe courtesy of Dubai.
Dubai is a country associated with extreme wealth due to oil and hyper-tourism, but in recent times, many of the luxurious properties built by state-owned companies such as Dubai World have struggled [...]

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