An IVA is a form
of debt relief plan set up by the government of the day to deal with
personal debt and deal with the growing issue of individual insolvency
for the promotion of debt consolidation help without anything silly
like another so-called debt consolidation loan, which only adds to the
burden of financial entrenchment. Our associates are licenced to give Individual
Voluntary Arrangement advice on the basis that IVAs are not designed
to be one-size-fits-all fixes to any problem with money, because each
individual situation is so different.
The needs of one
household or one individual may be very different from the needs of
another person. Any debt consolidation help given must thus reflect
the unique nature of the situation people find themselves in.
A normal Individual Voluntary Arrangement will run for
sixty months (sometimes less) and after this completes all the debt
is discharged from a person's credit profile. During this time no banks
or debt collectors are allowed to harass the debtor in any way. The
IVA carries with it all the advantages of bankruptcy and none of the
An IVA will write
off the larger part of a person's debt at the beginning of the plan
(although be wary of the exaggerated claims made in some advertising:
it is rarely much more than 60 or 65 percent of total unsecured debt
which can be 'written off' in this way). Any good debt consolidation
help of this nature will make sure you get optimum results with the
lowest repayment options together with the highest percentage of debt
write-off at the outset.
So complete the
form for impartial IVA advice which is right 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).
consolidation loans are effective over the short term, IVAs are designed
to cut your debt completely within five years. Loans make you feel good
for a couple of years and get you into deeper debt, while IVAs effectively
put you in control and back on the road to true financial stability.
consolidation help gets you out of your financial fix and back into
the straight and narrow of fiscal probity and self respect.
It is true that
debt consolidation help can be a quick fix, but the best type will take
the form of a structured plan - usually an IVA or a Protected Trust
Deed in Scotland - and this will be worked out by a qualified Insolvency
Practitioner who will spend some time with your household accounts and
then more time negotiating directly with your creditors, as opposed
to a loan salesman who will simply get you to sign the papers, say goodbye
and wait for his commission.
stage will involve your insolvency practitioner negotiating with your
creditors collectively so that they all agree to the plan. All creditors
are dealt with together under the terms of the IVA; debts are not negotiated
separately. The debt consolidation help really starts here, as a massive
amount of your debt will be written off at this stage, and your interest
frozen. The amount of the debt reduction will vary, but will usually
be between sixty and seventy percent of your total debt. That means
that up to 70 percent of the total money owed will simply be written
off at a stroke.
The next stage in
your debt consolidation help will be establishing the amount you can
afford to pay your creditors each month. This will be deducted from
the money you have left over from your income after meeting your necessary
expenses. The insolvency practitioner will work this out so that the
sum to be paid is both practical and affordable. This sum must also
be agreed by all the creditors collectively for the plan to be put in
Now go back
up to the application form and change your life today!
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