An IVA (Individual
Voluntary Arrangement) is a form of debt relief program set up by government
to try to eliminate personal debt and to deal with the issue of personal
insolvency. Our debt consolidation brokers clients are licenced to give
IVA advice on the basis that IVAs can never be one-size-fits-all quick
fixes to any money problem, as individual circumstances are so different.
The needs of one
person may vary greatly from the needs of another person. Any debt consolidation
brokers' advice given must reflect the diversity of the situation people
find themselves in.
Normally an IVA
will run for five years and when this completes all the debt is discharged
from a person's credit history. During this time creditors are not permitted
to harass the debtor. The IVA has all the benefits of bankruptcy while
having none of the drawbacks.
An IVA writes off
most of a person's debt at the beginning of the plan (although be wary
of the claims made in some circles: it is seldom more than 60 or 65
percent of unsecured debt which can be 'written off' by this means).
All good IVA advice of this nature given by debt consolidation brokers
will make sure that you get the best results with the lowest repayments
together with the highest percentage of debt write-off at the outset.
So complete the
form for impartial IVA advice for your own personal circumstances.
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have a super-quick and highly professional debt consolidation service.
A qualified and experienced Insolvency Practitioner will be personally
assigned to you and you will get a telephone call back from him or her
very quickly (or whenever you specify on the online form).
you use one of the many debt consolidation brokers in the UK to help
sort out your financial problems then they may well help you with the
use of an IVA. Applying for one is simple (just complete the form above).
A qualified Insolvency Practitioner will draw up an IVA for you and
it will be legally binding. At that point there will be no more nasty
calls from creditors, notices of disconnection and politely worded warnings
of legal procedures. As long as you have chosen your debt consolidation
brokers wisely, all that will now be behind you at a very early stage.
The second main
type of service that you should be able to get from debt consolidation
brokers is reducing or even eliminating interest. Nowadays, interest
rates can be the cause of financial ruin, so it is often the part interest
rates have to play that is addressed sooner rather than later.
Reducing or shortening
the pay-off time is the third type of service that one should ask about
from a debt consolidation broker. Under certain jurisdictions there
are fixed terms during which a complete debt, comprising a set of smaller
debts, can be expected to be paid off completely. For example, in the
U.K. it is five years under the terms of the new Individual Voluntary
Agreement laws, after which the debt is written off completely, whether
the true capital sum has been paid by this time or not. IVAs are often
thought of as a painless alternative to personal bankruptcy because
Lastly, and more
of a summary of all these other services, debt consolidation companies
can help you gain financial freedom. With massively reduced capital
sums and interest rates, lower monthly payments and shortened pay-off
time, you're given the luxury of having a stress free time to get on
with your life and get things back on track.
The services that
debt consolidation brokers offer do vary and so it's always up to you
to choose what course of action is most appropriate. It is important
that a professional is appointed for the job, a firm that offers all
the aspects mentioned above. Your debt counselor is the person who can
get you out of your present predicament; with their help you can steer
your way back to normality. Isn't that better than just taking out another
Now go back
up to the application form and change your life today!
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