Subject to terms & conditions
What debt are you most concerned about?
Lines of Credit
With our help, you can say goodbye to debt stress
Borrowing money from friends and family
Taking out Payday loans you can’t get out of
Dreading bills because you know you can’t pay
Running out of money so soon after pay day
Having your cards declined at the till
Paying hefty charges for being overdrawn
Pretending everything is okay when it’s not
Struggling on your own when we can offer solutions.
Here’s an example of how we can help.
See how an IVA could help you with this simple example to consolidate all unsecured debts into one smaller monthly payment and write off unaffordable debt.
Example of unsecured debts.
Total amount owed:
Customer monthly repayments before and after taking an IVA.
Before an IVA
After an IVA
Reduced by 80%
Monthly payments are based on individual financial circumstances
Frequently Asked Questions
An Individual Voluntary Arrangement (IVA) is a formal debt solution that creates alegally binding agreement between you and the people you owe money to. You may decide to enter an IVA if you’re struggling to repay the total amount of unsecured debt you currently have but can repay some.
Yes, an IVA will have an impact on your credit rating as it will show on your credit report for six years after it has been approved. However, it’s important to note this is the case for most debt solutions and your credit score will likely already have been affected by being in debt in the first place.
Once your IVA is complete you will be offered a fresh start to begin rebuilding your credit rating.
In most cases entering an IVA won’t affect employment. However, in certain professions, such as accountants and solicitors, having an IVA may mean that you can no longer practice or you may only be able to practice under certain conditions.
Once you enter an IVA, creditors can take no further action against you and can’tcontact you directly.
An IVA can be a positive way to manage unaffordable unsecured debt and allow you to better manage your monthly finances.
In an IVA a single monthly payment is agreed with your current financial situationtaken into consideration – this payment is then divided between the people you owe money to. During the course of your plan all interest and fees associated with your debts are frozen.
At the end of the IVA the remaining debts are written off and you can begin your debt-free future.
When you’re considering entering an IVA, it’s important to be aware of the following:
- If you are a homeowner and your property has equity in it, you’ll need to try to re-mortgage which could result in an increased interest rate.
- Your credit rating will be affected.
- Only the unsecured debts included in your IVA will be written off at the endof the agreement.
- Your IVA will be recorded on a public register.
We offer free debt advice tailored to your circumstances. We’ll find out more about your current financial situation and your lifestyle to advise on the best solution for you. Although we offer advice on all debt help solutions available, wespecialise in Individual Voluntary Arrangements (IVAs), Trust Deeds and the Debt Arrangement Scheme (DAS).
All of our initial advice is free; however, fees will apply should you decide to enter into an arrangement. These will be discussed by an expert advisor to makesure you are fully aware of the costs involved.