IVA Help And Advice From The Experts
Welcome to All About Loans - IVA Page
Individual Voluntary Arrangements - IVA's
An Individual Voluntary Arrangement (IVA), is a formally arranged credit agreement between you and your creditors (the people that you owe money to), which allows you to make reduced payments against the total amount you owe. It is a legally binding arrangement supervised by a Licensed Insolvency Practitioner.
The purpose of an IVA is to assist you in reaching a compromise with your creditors usually in order to prevent the consequences of bankruptcy. It will enable you to reduce your debts to a level that you can afford, and then clear them over a fixed period, usually 3 5 years. The single, affordable monthly IVA repayment is based on your disposable income and budget.
During the period of the IVA, your creditors must freeze any interest on the debts, and they are not allowed to pursue the debt, or instigate any legal action to recover it.
At the end of the IVA, assuming all the requirements of the IVA have been satisfactorily met, all of the debts are cleared. You could find that you remove up to 70% of your debts.
Reduce interest payments Interest will be frozen or reduced!
Avoid Losing Your Home No fear of legal action!
No more stress Your creditors will now talk to us rather than hassling you !
Reduce Debt Significantly An IVA can reduce your debt by as much as 70% !
Friendly and courteous service Debts cleared in 5 years!
A Quick & Easy 1 Minute Application Can Get You....
- One affordable monthly payment
- Debt advice from the experts
- Peace of mind
When is an IVA Suitable?
An Individual Voluntary Arrangement can be suitable for someone that is having difficulty repaying their debts and does not want to go down the alternative road of bankruptcy.
Quite often, the creditors find it a better option to bankruptcy as it offers a better return for them.
Is An IVA For Me?
- Do you have debts totalling £15,000 or more from credit cards, store cards, personal loans or overdrafts?
- Do you have more than 5 creditors?
- Are you under increasing pressure from creditors or debt collectors?
- Is the stress and worry from the pressures of being in debt ruining your life?
If the answer to the 4 questions above is yes, then an IVA may be suitable for you.
Debt Free = Peace Of Mind
Our experts have helped thousands of people on the brink of despair. If you can´t see light at the end of the tunnel, get the help you need now.
If you have debts in excess of £2,000 with two or more creditors, other than HP or secured loan lenders, we can get you the debt advice that you require. Simply complete the application form and one of our experts will be in touch to get you back on the right path.
Individual Voluntary Arrangement (IVA)
If you have debts of £15,000 or more, it could be that an IVA (Individual Voluntary Arrangement) is the most suitable option. Gain, our experience Debt Advisors will be able to explain the best course of action for you.
|
|
About Us |
Apply For A Bad Credit Bank Account |
Website Index |
Frequently Asked Questions |
Use The Loan Calculator |
Our Blog |
Get Your Questions Answered In Our Loan Chat Forum |
Our Lenders |
Picture Finance |
Black Horse Loan |
Online Loan Comparison |
Best Loan rates |
Self-Cert Loan |
Homeowner Loan |
Bank Loan |
Instant Cash Loan|
Logbook Loans |
Personal Finance |
Complaints Procedure |
US Auto Loan
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT
Typical 10.9% APR Variable