Advice: The Way Out of your Debt (Without
The IVA or Debt Relief Plan For Your Own Circumstances
No loss of Dignity.
An IVA is a debt
relief plan set up to provide a solution to personal debt and deal generally
with the growing issue of individual insolvency.
The needs of one
household or one individual can vary greatly from the needs of another.
Any debt consolidation advice given must thus reflect the diverse nature
of the situation in which people find themselves.
Generally an Individual
Voluntary Arrangement will be set to run for sixty months (sometimes
less) and when this has finished all debts are cleared from the credit
profile. During this time none of the creditors are allowed to pursue
or harass the debtor.
So complete the
application form for impartial debt consolidation advice
for your own personal circumstances.
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.
a look at the Insolvency Service's leaflet called 'In Debt', downloadable
website is property of Debt Consolidation Advice. Copyright 2002 -Thereafter.
All rights reserved.