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Find out how UK government legislation can help you consolidate and reduce your debt repayments – we can help you write off up to 85% of your debt.* Take back control of your debts – contact us or request a call back today.
Customers can get free debt counselling, debt adjusting and providing of credit information services from the Money Advice Service – an organisation set up by the Government to offer free and impartial advice to those in debt. For more information from the Money Advice Service click here www.moneyadviceservice.org.uk
Simply get in touch and speak to one of our experienced Money Advisors to see if you qualify for any debt relief plans.
If you qualify for debt solution, you will then be contacted by our FCA authorised partners to discuss which options will be most helpful for you, This could be a DMP, IVA, Debt Settlement Plan, Trust Deed or other solution.
Once you have been advised of your options, you decide what you want to do. The Money Advisor service is free, confidential and no obligation.
Individual Voluntary Arrangements (IVA’s) were introduced by the Government in the 1986 Insolvency Act as an alternative to bankruptcy. They were put in place to help anyone in serious debt finding it difficult to make their monthly payments. If you live in Scotland the equivalent solution is a Trust Deed
An IVA is a formal agreement with your creditors (the people you owe money to) where you agree to pay only what you can realistically afford, taking into account your living expenses and monthly income. This is paid as a single monthly payment, usually over a period of 60 months. At the end of the period any remaining debt is written off and you owe nothing to your creditors.
Provided you maintain your repayments as agreed, an IVA protects you from further legal action from your creditors. In addition to this, all interest and charges are frozen at the time the IVA is agreed.
It is very important that you understand your legal rights and responsibilities if you are in debt. Expert debt advice can make an enormous difference to the outcome of any debt problems you are currently facing.
Speak to one of our Money Advisers today to discuss whether an IVA is the best option for your circumstances.