An IVA is a form
of debt management programme set up by H M Government to provide a solution
to the problem of personal debt and deal generally with the growing
issue of individual insolvency. We are an independent debt
consolidation company are licenced to give Individual Voluntary Arrangement
advice on the understanding that Individual voluntary arrangements are
not one-size-fits-all fixes to any problem with money, as individual
circumstances can vary so much.
The needs of one
person can be vastly different from the needs of another person. Any
advice given by a reputable debt consolidation company must reflect
the uniqueness of the situation in which people find themselves.
A normal IVA will
be set to run for 60 months and after this has completed all the debt
is cleared from the credit record. During this time no creditors are
permitted to contact the debtor in any way. The IVA has the advantages
of bankruptcy and none of the disadvantages.
An IVA writes off
most of your debt at the start of the programme (although beware of
the claims made in some circles: it is rarely much more than 60 or 65
per cent of total unsecured debt which can be 'written off' in this
way). Any good IVA advice will make sure you get the best results with
the lowest repayments together with the highest proportion of debt written
So complete the
form below for independent and impartial IVA advice for your own circumstances.
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have a quick and highly professional debt consolidation service. A qualified
and experienced Insolvency Practitioner will be 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).
passing on your payment to the creditors, the debt
consolidation company receives a rebate and you pay for this overall
reduction in your debt. It is important to ask yourself if this isn’t
the same thing you could do yourself, make your own negotiations for
payment options and with a little research, you can learn which debt
to pay off first. Many debt consolidation companies can also make late
payments or even miss payments which in turn continues to add to the
already bad credit score. So, if you do decide to go with a debt consolidation
company, ask about their rates first, and see how much they can knock
off your debt bill right at the start. Also, it doesn't hurt to ask
around. Word of mouth is often the best source of information, much
better than an ad in the Yellow Pages. Ask people if they can recommend
a good debt consolidation company.
Let's take the subject
of credit cards as a comparison. We all would love to be able to transfer
the balance of our credit card to another one with a lower interest
rate. What the credit card issuers are not telling you is that the lower
interest rate only lasts a few months and then you pay the normal interest
rate or often even higher once the opening offer is up. This forces
you to switch cards yet again, which is okay as long as you remember
to do it. Otherwise the charges are piled on again. Eventually, if you
are not careful, you are trapped into credit card debt with high interest
payments and even more debt than you would have incurred by leaving
it as it was in the first place.
So it is with debt
consolidation companies; they are not all created equal. So be careful
when you sign up. Make sure they offer you choice and flexibility, and
that their staff are all qualified insolvency practitioners, not just
Now go back
up to the application form and change your life today!
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