Apply Credit Card Debt Management IVA
No Bankruptcy. No loss of Dignity.
A credit card debt
management IVA (Individual Voluntary Arrangement) is a debt management
programme set up by the government to provide a solution to the problem
of personal debt and to deal with the growing issue of individual insolvency.
We are licenced to give IVA advice on the basis that Individual
voluntary arrangements are not designed to be one-size-fits-all quick
fixes to any problem with money, as each individual situation is different.
The needs of one household may be very different from
the needs of the next. Any debt advice given must thus take into account
the uniqueness of the situation in which people live.
Normally an Individual Voluntary Arrangement will run
for sixty months and when the term is over all debts are cleared from
the credit profile. During all this time none of the banks are permitted
to pursue or harass the debtor. The IVA has all the benefits of sequestration
while having none of the disadvantages.
An IVA will write
off the larger part of your debt at the start of the programme (although
beware of the claims made in some advertising: it is rarely much more
than 60 or 65 per cent of total unsecured debt which can be cancelled
in this way). Any good IVA advice of this sort will make sure you get
optimum results with the lowest repayments together
with the greatest percentage of debt write-off.
So complete the
application form below for independent and impartial advice
which is right for your own situation.
steps to look into a credit card debt management IVA you're putting yourself
on the track to personal financial probity and so ensuring a new life
for yourself. Any life choices made now will be the start of that wonderful
It's true that the careful
use of a credit card debt management IVA may help folk reorganise their
lives. It is a carefully crafted program designed to help ordinary people
out of their financial difficulty and brought in in 1986 to ease the
comparatively harsh insolvency rules that were in place largely since
the previous century.
Under recent government
law, individual voluntary arrangements (IVAs) have brought a much kinder
way to deal with personal debt. An IVA is an easy and acceptable alternative
choice to going bankrupt and carries none of the stigma. It's the best
way to handle personal insolvency. In accordance with the new law, a
properly conducted IVA will write off up to 60 percent (sometimes more
than this) of your debt at a stroke. Your keen interest in a credit
card debt management IVA would be rewarded by the transformation in
life quality enabled by its application.
individual voluntary arrangements
(IVAs) are generally drawn up to run over the course of a five year
span, though this can be adapted at the outset to become acceptable
to individual specifications. North of the border, where such arrangements
are called protected trust deeds, the period is typically three years
but may be for 4 or 5 years. By using both the IVA and also the trust
deed the client is safeguarded from predatory creditors by the law and
all debts are totally and absolutely written off at the completion of
the term (however long that may be).