How can an IVA help me?
If you are in debt and are struggling with the repayments, then there may be a possibility to write off the amount you cannot afford to pay back.
An IVA is a legally binding agreement between you and your creditors, and offers a chance for you to contribute one affordable monthly payment towards your debt. This continues for the length of the IVA (usually up to 5 years), after which any outstanding debt is 'written off'. The amount written off depends on your individual circumstances and can be as much as 60-70% of the debt.
Any interest and debt charges will be frozen and creditors will be prohibited from demanding additional payments. Any assets, such as your home and car are usually protected under the IVA.
Do I qualify for IVA help?
To qualify for a
IVA help, you should normally:
• Have in excess of £15,000 debt
• Have 3 or more creditors
• Be able to afford the monthly repayment
If you don't qualify for
IVA help, we can still help you with your debt problems. Simply contact us, and a trained debt advisor will discuss your options with you.
Do you provide local IVA help?
We are based in Watford, Hertforshire, and provide help to clients locally, and throughout the UK. If you are based locally, we will be happy to arrange a face-to-face meeting at our office if you would prefer one.
Free IVA help
For more information, call us free on
0800 16 999 46 or simply fill in the online application form on the right. Our initial advice is free and completely confidential so why not give us a call today...
Insolvency Practitioners at Money Debt and Credit Ltd act without any personal liability.
Money Debt and Credit Ltd, Registered in England & Wales No.05588842.
Registered Office: 45 Clarendon Road, Watford WD17 1SZ
Consumer Credit Licence Number: 0580960