Debt Consolidation Help
Get an Independent Debt Consolidation Quote Today for Free
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. We 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 drawbacks.
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.
We 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).
While 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. True debt consolidation helps you to get 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.
The negotiation 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 place.
Now go back up to the application form and change your life today!
Bookmark this page!
UK Debt Consolidation Help is an independent website service providing a no-obligation debt consolidation service.
For U.S. residents click here to visit our associates across the pond.
![BBCi: Javascript is not available
on this browser](http://newsimg.bbc.co.uk/shared/bsp/hi/services/htmlsyndication/img/synd_js_error_js-inactive.gif")