Apply Credit Card Debt IVA Service
No Bankruptcy. No loss of Dignity.
A credit card debt
IVA service (Individual Voluntary Arrangement) is a form of debt relief
plan set up by the government to try to eliminate personal debt and
to deal with the issue of individual insolvency. Our associates are licenced
to give IVA advice on the basis that Individual voluntary arrangements
can never be one-size-fits-all remedies to any money problem, because
each person's situation is different.
The needs of one
household or one individual may be vastly different from the needs of
another person. Any debt advice given must take into account the diversity
of the situation in which people find themselves.
In general an IVA
will run for 60 months (sometimes less) and after this all debts are
cleared from a person's record. During all this time no banks or debt
collectors are allowed to harass the debtor. The IVA carries with it
all the benefits of bankruptcy and none of the disadvantages.
An instrument such
as this will write off most of a person's debt at the start of the plan
(although beware of the claims made in some circles: it is seldom much
more than 60 or 65 per cent of total unsecured debt which can be 'written
off' in this way). All good IVA advice will make sure you get the optimum
results with the lowest monthly repayments together with the highest
percentage of debt write-off.
So complete the
application form below for independent and impartial IVA advice for
your own circumstances.
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Debt IVA Service: The Bigger Picture
The debt management plan or IVA will be drafted by an insolvency practitioner
(or I.P.) who will generally be qualified and will be very familiar
with a credit card debt IVA service. The whole of the debt and all the
creditors will be considered. The income and expenditure will be looked
at as well and a monthly or weekly expenses list will be drafted with
the consent of the client and also the creditors. The important household
bills will be paid before the creditors. The total capital debt can
be reduced in this way by as much as 60 percent or more, and the surplus
income is used to reduce the debt in a structured way and on a much
reduced basis than before.
By making enquiries about a credit card debt IVA service you're setting
yourself on the track to personal financial well being and so ensuring
a new life for yourself. Any life choices made now will be the beginning
of that process.
individual voluntary arrangements are normally designed to run over
a 60 month span, although in some cases this can be adjusted to match
personal specifications. In Scotland, where these arrangements are referred
to as protected trust deeds, the term is generally 36 months but in
some cases may be for four or five years. In both the IVA and the protected
trust deed the debtor client is protected from their creditors by the
various insolvency laws and their debts are totally and utterly written
off at the close of the period (however long that may be set to run).
According to a new law brought by the government, Individual voluntary
arrangements (IVAs) have been made possible. An IVA is an easy and acceptable
substitute for going bankrupt and has none of the shame or stigma attached.
It's an excellent way to deal with insolvency or bad debt issues. Persuant
to the law, a well conducted IVA will write off 60 per cent (sometimes
more than that) of personal debt at a stroke. Your interest in a credit
card debt IVA service would be amply rewarded by the enhancement in
life enabled by it.