Apply Credit Card Debt IVA Help
No Bankruptcy. No loss of Dignity.
An IVA is a form
of debt relief plan set up by the government to provide a solution to
the problem of personal debt and deal with the issue of individual insolvency.
We are licenced to give Individual Voluntary Arrangement advice
and do so on the understanding that IVAs are not one-size-fits-all quick
fixes to any debt problem, as each individual situation is different.
The needs of one
person can be very different from the needs of another person. Any debt
advice given must thus reflect the distinctiveness of the situation
in which people live.
Normally an Individual
Voluntary Arrangement will be set to run for five years and after this
has finished all the debts are cleared from a person's credit record.
During this time banks or debt collectors are not allowed to contact
the debtor. The IVA carries with it all the advantages of bankruptcy
and none of the disadvantages of some other types of credit card debt
An instrument such
as this writes off most of your debt at the beginning of the programme
(although beware of the exaggerated claims in some advertising: it is
seldom much more than 60 or 65% of total debt which may be 'written
off' in this way). All good IVA advice will make sure you get the best
results with the lowest monthly repayments together
with the highest proportion of debt write-off at the outset.
So fill in the form
below for impartial advice which is right for your own circumstances.
It is true
that credit card debt IVA help may help folk reorganise their busy lives
and improve things generally. It is a carefully structured programme designed
to get people like you and me out of their financial difficulties and
brought in by the government and designed to enhance the then comparatively
draconian individual insolvency laws that were in place then.
An Individual voluntary
arrangement is legally binding and there are some things that creditors
must not attempt to do now the IVA has been drawn up. This embargo includes
not being allowed to telephone you or send you letters, or to contact
you at all as long as the IVA exists. If the creditor or his agent (i.e.
a debt collector) even attempts to contact you then they are deemed
to be in breach of the IVA or debt management agreement and could be
punished. All creditors must stop all letters and phone calls and should
on no account attempt to intrude in the life of the debtor client.
Individual voluntary arrangements
are generally designed to run over a sixty month period, although sometimes
it can be adapted to fit in with individual requirements. In Scotland,
where these arrangements are called trust deeds or protected trust deeds,
the period is normally three years but in some instances may be four
or five years. With both the IVA and the trust deed the debtor client
is kept safe from predatory creditors by the terms of the agreement
and all debts are fully and absolutely discharged at the completion
of the term (however long that may be set to run).
Under recent laws ratified
by H.M. Government, Individual voluntary arrangements have been made
possible. An Individual voluntary arrangement is an easy alternative
to going bankrupt and carries none of the stigma. It's an excellent
way to deal with insolvency or bad debt issues. Following government
rules, a well constituted IVA will write off up to 60 per cent (sometimes
more than this) of your personal debt at a stroke. Your keen interest
in credit card debt IVA help would be amply rewarded by the transformation
in life enabled by its use.