Agency: The Way Out of your Debt (Without
The IVA or Debt Relief Plan For Your Own Circumstances
Advice. No Bankruptcy. No loss of Dignity.
An IVA is a form
of debt relief plan set up by the government of the day to eliminate
personal debt and to deal with the growing issue of individual insolvency.
Our client is a debt consolidation agancy and is licenced to give advice
and do so on the understanding that Individual voluntary arrangements
are not one-size-fits-all cures to any problem with money, as each person's
situation is so different.
The needs of one
household or one individual may be very different from the needs of
another person. Any advice given by a good debt consolidation agency
must take into account the unique nature of the situation people find
Generally an IVA
will run for five years and after this completes all debt is cleared
from the credit history. During all this time creditors are not allowed
to harass the debtor, although this cannot be guaranteed. The IVA carries
with it all the advantages of bankruptcy and none of the disadvantages.
A good debt consolidation agency will make sure you get optimum results
with the lowest repayments together with the highest
proportion of debt written off.
So complete the
form for impartial IVA advice for your own situation.
If you have at least
two accounts in debt, and total debts of £2,000 or more, use the
form below to see if you qualify. (If you owe less than this, or are
on state benefits, then use this
link to apply.)
be aware that figures entered need to be accurate by law, and to give
the best service to you. It is extremely important that you budget
for all necessary expenditure including rent or mortgage, council
tax and utility bills, etc., and any other necessary outgoings related
to the upkeep of your household and inrelation to any specific circumstances
that may relate to you. This website only collects data on behalf
of debt management professionals, from which it will receive affiliate
remuneration for data collection only and does not itself engage in
any debt management services. Other debt management options are available
and may be more suitable. People entering into an IVA or debt management
will have this entered on their credit profile and this may affect
their ability to get credit in the short term or even in the long
term in some cases. It is free to apply from this website; you will
be given advice by debt management professionals and a 'cooling off'
period, by law, to decide whether or not the debt management plan
is suitable for you, and you should be aware that a fee will be chargeable
upon a successful arrangement, as with any commercial transaction.
Failure to meet the repayments on an IVA or any debt management programme
may result in serious consequences, including, but not limited to,
bankruptcy. Bankruptcies, CCJs and similar defaults will be entered
into a public register and will remain there for a statutory period
of not less than six (6) years.
Credit Licence number 633327.
attempt to help folk who have become insolvent in various ways. There
are recognised schemes like IVAs and CVAs to assist the conduct of corporate
and personal debt recovery and to try to soothe what has always been
a difficult process, and certainly a good debt consolidation agency
can be an integral part of the solution. The emphasis tends to be towards
safeguarding resources wherever possible and in protecting the property
of petitioners by using statutory measures. This applies to both private
wealth and the security of businesses on which individual security depends.
In order to be
eligible for an IVA or similar instrument brought about by a debt consolidation
agency the client must have a net income which is in excess of a certain
minimum and have arrears of not less than a specified amount and not
more than a specified maxima, and such values will change from one insolvency
company to another. Usually earnings must be proved to cover the cost
of the calculated repayments after the required bills have been met
including the mortgage and fuel bills. The usual minimal amount of personal
debt is around £2,000 although this figure can vary. A top value of
£50,000 is sometimes given, although by making use of a broker the applicant
may be shown best service to handle their own circumstances.
A number of disciplines
have emerged surrounding aspects of failure, including the legal sector
and more recent professions including consultants. All such experts
have their own strengths and weaknesses. Each one will have a different
area of expertise which you should benefit from to your best advantage.
Making use of a debt consolidation agency will make the turnaround from
insolvency much quicker.
debt consolidation agency
a look at the Insolvency Service's leaflet called 'In Debt', downloadable
website is property of Debt Consolidation Agency. Copyright 2002 -Thereafter.
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