Apply For The
Best IVA Deal
No Bankruptcy. No loss of Dignity.
An IVA is a form
of debt relief program set up to provide a solution to personal debt
and to deal generally with the growing issue of individual insolvency.
We are licenced to give advice and do so on the basis of the
fact that IVAs are not one-size-fits-all fixes to any debt problem,
because each individual situation is so different.
The needs of one
household may be vastly different from the needs of another. The best
IVA deal given must thus reflect the diverse nature of the situation
in which people find themselves.
A normal IVA will run for sixty months (sometimes less)
and after this has completed all debt is cleared from a person's credit
history. During this time creditors are not permitted to harass the
debtor in any way. The IVA has the benefits of sequestration and none
of the disadvantages.
An IVA writes off
most of your debt at the start of the plan (although be wary of the
claims made in some circles: it is rarely more than 60 or 65% of total
debt which can be 'written off' by this means). Any decent IVA advice
of this sort will ensure that you get the best results with the lowest
monthly repayment options together with the greatest percentage
of debt write-off at the outset.
So complete the form below for independent and impartial
IVA advice for your own situation.
Seeking the best IVA deal can be a daunting task. IVAs are usually
set up to run over a 5 year period, although this can be augmented to
fit in with individual necessities. In Scotland, where these arrangements
are called Protected trust deeds, the term is generally 3 years but
in some cases may be four or five years. With both the Individual Voluntary Arrangement and also the trust deed the debtor client is protected from
predatory creditors by the various insolvency laws and their debts are
totally and absolutely written off at the end of the span (however long
that may be).
According to a new law brought by the government, Individual Voluntary
Arrangements have brought a much kinder way to deal with personal debt.
An Individual Voluntary Arrangement is an easy alternative to going
bankrupt and carries none of the stigma. It is an excellent way to deal
with insolvency or bad debt issues. Pursuant to the new law, a well
constituted IVA will write off sixty percent (occasionally more than
that) of your debt at a stroke. Your interest in the best IVA deal would
be well rewarded by the transformation enabled by it.
Not everyone qualifies for an Individual Voluntary Arrangement; there
are some constraints on who may apply and who may not. By and large,
people applying need a steady income from a verifiable source providing
a sum in excess of household expenditure in order to finance the regular
repayments, but this needn't be a huge amount. People not qualifying
for an Individual Voluntary Arrangement will likely be suitable for
a comparable debt settlement programme. So getting the best IVA deal
will be rewarded one way or another!