IVA Benefits

An IVA is a legal procedure, and the decision to enter into one should not be taken lightly. Debt Solutions believe in advising our clients on on the best course of action to resolve any debt problem.

Benefits of an IVA:

There are a number of IVA benefits including:

An IVA can write off unsecured debts that you cannot afford, on completion of the IVA.

Interest or charges my not be applied by law when the IVA has been accepted.

An IVA will give you one single affordable monthly payment.

By reducing your monthly outgoings any pressure that you are under from your secured creditors may be alleviated.

After 60 months you IVA will be finished and you will be debt free.

You will not have to sell any major assets unlike bankruptcy any assets will be sold to repay your creditors, this may include your house.

An IVA is a private agreement between you and your creditors, so it is not listed in the local press.

An IVA should not hinder your future career prospects.

An IVA is legally binding, so your creditors cannot pursue you once the IVA has been accepted.

You can still keep your current account (although not an overdraft facility), and have a better chance of getting credit once the IVA is over.

Only 75% of your creditors, in terms of debt value, need to agree to your IVA. If this happens, then those who disagree will be automatically bound by the IVA.

Can debt solutions help me get out of debt?

YES we can. Everyone’s personal situation is different and each debt solution is different so we need to work out which will best suit your financial needs.

We will complete a FREE 20 minute fact find with you to work out what your earning and spending and this will let us know how much you can afford to pay to your creditors and also which debt solution is best for you to help you get out of debt. You are under no obligation but I am sure you will be 100% happy with what out debt advisors can do for you and we have the lowest debt managenent fees in the industy

We pride ourselves in our friendly, professional approach to finding the right debt solution for every one of our clients, which is honest, confidential and always the ‘best advice’ based on your individual circumstances.

If you would like to speak to one of our friendly, professional debt experts about any of our debt solutions you can either call our debt solutions helpline on: 0845 159 6093 or complete our online contact form and one of our debt advisors will call you back within the hour.

Start you debt free life today! with one of our debt solutions.

Debt Management | Individual Voluntary Arrangement | Protected Trust Deed | Bankruptcy

Also have a look at out "DEBT FEEs" chart and see what the more popular debt management companies are charging.