An IVA (Individual
Voluntary Arrangement) is a debt management plan set up to try to eliminate
personal debt and to deal with the issue of individual insolvency. Our
clients are licenced to give IVA advice and do so on the basis that
Individual voluntary arrangements are never one-size-fits-all cures
to any money problem, because individual circumstances can vary so much.
The best debt consolidation company will realise this as part of their
overall debt management strategy.
The needs of one
household may be very different from the needs of another. Any advice
given must take into account the unique nature of the situation in which
Normally an IVA
will run for sixty months (sometimes less) and after this completes
all the debt is cleared from a person's record. During the time of the
IVA no creditors are permitted to harass the debtor, although this cannot
An instrument such
as this writes off the bulk of your debt at the start of the programme.
Any good (or even the best) debt consolidation company will give advice
which will ensure you get the best results with the lowest repayments
together with the highest proportion of debt write-off.
So complete the
application form below for independent and 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.
Debt Consolidation Company
Our economy is a
very complex entity. Economic experts and specialists of many descriptions
want to come to terms with how the whole thing operates daily. It resembles
a massive machine. Inevitably economic practice impinges on social and
political imperatives and these are usually governed by the society
that we live in. This community at present is underpinned by the need
to succeed so often means risk. For as long as we have this aspect of
risk we also have to live with the ghastly prospect of debt, individual
and corporate. Use of the best debt consolidation company is meant to
offset this risk to a certain extent.
A number of disciplines
have developed related to aspects of insolvencies, including the legal
profession and more recent professions including IP consultants. All
such experts have their own strengths. Each one will have a different
area of knowledge and specialisation which you should use to your best
advantage. Making use of the best debt consolidation company should
ensure that the turnaround from insolvency is much quicker and easier.
In order to be
eligible for the best debt consolidation plan the client must be able
to demonstrate earnings in excess of a stated minimum amount and have
arrears with a total value of more than a certain amount and not greater
than a specified maxima, and such figures may change from one insolvency
company to another. Normally income should exceed the repayments after
other necessary bills have been discharged including mortgage payments
and electricity and gas, etc. The usual minimal amount of debt is about
£2,000 though this can vary. A top value of £50,000 is sometimes
imposed, although by going through a third party the applicant may be
directed to appropriate source of help to attend to their own particular
Most kinds of best
debt consolidation company's IVA (or similar plans) will normally be
drawn up to run over a period of 5 years, but often this will vary according
to circumstances. When the term is over the debt is considered to have
been paid off in full. All records of the debts which have hitherto
registered corresponding to the applicant's name shall be deleted from
the record as appropriate.
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a look at the Insolvency Service's leaflet called 'In Debt',
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