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Debt Consolidation IVA Quote Today for Free
No Bankruptcy. No loss of Dignity.
An IVA (Individual
Voluntary Arrangement) is a debt relief plan set up by H M Government
to provide a solution to personal debt and to deal generally with the
issue of individual insolvency. Our associates are licenced to give debt
consolidation IVA advice on the understanding that IVAs are never one-size-fits-all
solutions to any financial problem, because individual situations can
vary so much.
The needs of one
household or one individual can vary greatly from the needs of another
person. Any advice given must reflect the distinctive nature of the
situation in which people live.
A normal debt consolidation
IVA will run for sixty months (sometimes less) and when this completes
all debts are cleared from the credit record. During the time of the
IVA banks or debt collectors are not allowed to harass or pursue the
debtor in any way. The IVA has all the benefits of bankruptcy while
having none of the disadvantages.
A debt consolidation
IVA will write off the bulk of your debt at the start of the programme
(although beware of the exaggerated claims made in some circles: it
is seldom much more than 60 or 65 percent of unsecured debt which can
be 'written off'). Any good advice will ensure that you get the best
results with the lowest monthly repayment options together
with the highest proportion of debt write-off at the
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for impartial advice which is right for your own circumstances.
It is true
that the professional use of a debt
consolidation IVA may help people reorganise their busy lives and
improve things generally. It is a carefully crafted plan designed to get
ordinary people out of financial difficulties and ratified by the government
in the 1980s as part of measures to ease the comparatively draconian personal
insolvency rules which were in place then.
Under recent laws ratified
by H.M. Government, IVAs have brought a much kinder way to deal with
personal debt. An Individual voluntary arrangement is an easy alternative
to going bankrupt and has none of the shame or stigma attached. It's
an excellent way to deal with insolvency or bad debt issues. Following
the law, a properly constituted IVA will immediately write off up to
60 percent (occasionally more) of your personal debt at a stroke. Your
interest in a debt consolidation IVA should be well rewarded by the
transformation enabled by its use.
Individual voluntary arrangements
(IVAs) are generally designed to run for a 60 month span, although in
some circumstances this can be varied to correspond with individual
requirements. North of the border, where they are referred to as Protected
trust deeds, the term is normally 3 years but in some instances may
be over four or five years. With both the IVA and also the trust deed
the client is safeguarded from predatory creditors by the law and their
debts are fully and utterly removed at the end of the period (however
long that may be).
By enquiring into a debt
consolidation IVA you're putting yourself on the track to financial
probity and therefore ensuring a new life for yourself and your family.
Any choices made now will start that process.