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| What is an IVA?
Why suffer with high debts when so many others get upto 70% of their debts written off?
There is no need for your life to be controlled by uncontrollable debts!
Friendly Debt Advice provides FREE, NO OBLIGATION, DEBT ADVICE from professional friendly staff that really care!
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We can help:-- Have all your payments cancelled immediately
- Stop ongoing interest charges
- You pay ONLY what you can a really afford for upto 60 months
- Have Up to 70% of your debts are written off
- Reduce your monthly outgoings PLUS the amount of time you are paying debts back
- Take advantage of this government endorsed debt solution scheme
Our professional, friendly caring staff will explain exactly how this fantastic legislation could work for you!
Become debt free within 60 months and relieve the stress of uncontrollable debts, get your life back!!
HONEST, INDEPENDENT AND EFFECTIVE DEBT ADVICE
Solution Remortgages could be the answer to your debt problems. We have a team of experts that are here to assess your individual circumstances before presenting you with your available options tailored to your needs.
Our advice is FREE and IMPARTIAL, covering a range of options - not just the one somebody wants to sell you.
Solution Remortgages advises thousands of people every week on different debt solutions. Each and EVERY customer is treated as an individual and we are sympathetic to your circumstances and only recommend the least drastic and most effective remedy FOR YOU!
We offer FREE, NO OBLIGATION ADVICE and you can be rest assured that we are honest, open and ethical with every solution presented. There's no hard sell The only thing we ask you to do is provide us with accurate information that we require to assess your situation and present a real solution that will take you forward.
An Individual Voluntary Arrangement (IVA) could be your best solution to becoming debt free.
If you are having serious debt problems, unable to keep up on any minimum payments and have more than 15,000 of unsecured debt, then an IVA could help you to avoid bankruptcy.
An Individual Voluntary Arrangement, or IVA, is a government backed scheme created to help people with serious debt problems pay back only what they can afford.
IVAs are a very good way of getting your debts under control, with a payment that you can REALLY AFFORD. An IVA scheme lasts for up to 60 months and guarantees that your debt will be repaid within this time regardless of how much your original balance was. AN IVA MAY HELP YOU WRITE OFF UP TO 75% OF YOUR DEBTS!
See how much you could reduce your monthly outgoings by AND how much debt you could WRITE OFF by completing the quick form to the left or FREEPHONE 0800 520 0315 for FREE, NO OBLIGATION ADVICE.
Friendly Debt Advice are happy to offer FREE, IMPARTIAL ADVICE. - Simply call us FREE on 0800 520 0315 or apply online.
AN IVA DEBT SOLUTION CAN WRITE OFF UPTO 70% OF ALL YOUR UNSECURED DEBT
| The benefits of an IVA : |
 | Stop interest & charges. | | Stop creditors chasing. | | Reduce your monthly payments. | | Stop court action. | | Reduce your repayment period. | | Free Service - No fees to you. | |
With an IVA you can benefit from:- One low affordable monthly payment.
- Interest and charges stopped.
- No fees. Our service is free. Our costs are paid by your creditors from your contributions.
- No more worry about creditor calls or letters.
- Write off a substantial proportion of your debt.
- You only pay what you can afford.
In contrast to a debt management plan which is an informal agreement between you and your creditors, an IVA is a legally binding contract. Whilst this may sound a little concerning, there is a real benefit for you. Because the IVA is legally binding on your creditors, if you maintain your monthly payments then your creditors cannot take any further legal or collection action against you. Your assets are protected, interest and charges cannot be added, you will pay only what you can afford each month and what you haven’t repaid during your IVA is written off.
This may sound too good to be true, but, if you qualify, you have a legal right to propose an IVA, which is subject to the consent of your creditors. An IVA is an instrument of public policy, in other words it is government legislation. The IVA scheme was launched by the government in 1986 as a less severe alternative to bankruptcy, helping those that are struggling with mounting debts.
An IVA can only be arranged for you by a licensed Insolvency Practitioner, who will put forward your proposal to your creditors. Your creditors will often accept an IVA repaying only 40% or less of your debt, as they don’t have expensive collection costs to bear. Additionally they are eligible for tax and VAT relief on the debt that is written off.
However, because an IVA is also legally binding on you, this means that you should not enter into an IVA if you cannot afford your monthly repayment. The Insolvency Practitioner will agree with you what you can afford to repay each month and you need to commit to paying that amount each month.
Typically, an IVA is a 60 month repayment agreement between you and your creditors and at the end of the IVA, what you haven’t repaid is written off.
No other solution, except bankruptcy, can write off part of your debt.
If
you want to hear more about how an IVA can work for you, or whether
you would be suitable for an IVA, simply call our expert advisors on 0800 520 0315
quote ref 1533, or fill in the
Mortgage Wizard to see what other solutions are available to you. |
