Get your results now and find out how Specialist legislation can help you:
Personal Loan£9,800
Credit Cards£7,500
Store Cards£3,100
Old Council Tax£2,000
We understand more than most that dealing with debt can be stressful, but we also know how easily it can be resolved. Just get in touch. Do not suffer in silence.
Do you want to clear your debt? We can help display your options in less than a minute. All you need to do is complete our PlanFinder, there is no obligation and it is completely confidential.
All advice you will receive from us will be free. You can close an enquiry at the click of a button if you decide against something. If you are serious about change, then get in touch.
We will help with advice, contacting your lenders, with paperwork and even help in the future if you need further advice. We will teach you how to deal with bailiffs and debt collectors too.
Make payments over 5 years and have up to 85% of your debt written off.
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A debt management plan allows you to pay back your creditors.
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Make payments over 4 years and have up to 85% of your debt written off.
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“I was suffering from anxiety and insomnia because I was constantly worrying about my debts. I didn’t want to worry my family so I kept quiet until I just couldn’t cope. That’s when I decided to do something about my situation. From the start I was made welcome and at ease. I was not judged and everything was handled so quickly. I would definitely recommend them. My advisor was professional, reliable and friendly. I just wish I’d contacted them sooner. Thank you so much. Finally, I can start living my life again knowing I will be debt free.”
Sandra, Leeds
An individual voluntary arrangement (IVA) is a legally binding agreement between you and your creditors that helps you pay off your debts at an affordable rate.
Bankruptcy is usually a much quicker process than an IVA. Bankruptcy is typically over within 12 months (although you may still be required to make payments for up to three years), whilst IVAs are usually paid over a period of 5 to 6 years.
The general advice is that, barring any unforeseen circumstances, your IVA could be ready to go in a period of 4-8 weeks.
Yes, you can still apply for an IVA even though you may be out of work, but is it in your best interests to do so?
If you own your home, its value will be taken into account as part of your IVA. This means, in the final year of your IVA, you will have to get a valuation of your home to find out how much equity is in it.
An IVA usually runs for 5-6 years, although it’ll be extended if you miss payments. During this time, you’ll need to stick to the rules in the Agreement, and you’ll have limited control over your money.
Depending upon the nature of your case, and the amount of work deemed necessary on an ongoing basis, fees may be charged on a fixed annual sum, or as a percentage of realisations or sums distributed – usually at 15% plus VAT.
As I mentioned briefly above, if your IVA fails, then your creditors will definitely start taking action to recover the money them you owe to them. You will also have to pay the fees of your Insolvency Practitioner (IP) regardless of the fact that your IVA failed.
An Individual Voluntary Arrangement (IVA) is a legally binding debt solution, and once you’ve agreed to the terms and conditions it can be difficult to add new debts to your IVA. … Your Insolvency Practitioner (IP) should simply be able to add the new debt to your IVA without any issues.
To find out more about managing your money and getting free advice, visit Money Helper, independent service set up to help people manage their money.
