IVA Debt Advice
Dedicated Debt advisers
Money Advice Direct are specialists in the area of IVA debt advice. There is a special advice unit within the debt management team called the IVA debt advice unit that has dedicated advisers only advising on Individual Voluntary Arrangements.
The best advice we can give early on to clients is read all of our fact sheets and literature on the choices available. Some clients opt for debt management programmes to get debt free (subject to terms and conditions) whereas other decide they debt consolidation loans. Others try an IVA or go bankrupt.
The debt advisory service service offers confidential debt advice, no obligation debt management as alternatives to IVA debt advice for those owing below £15,000.
Every year we advise clients on the following areas:-
- IVA debt advice
- Debt Consolidation loans
- IVA - Individual Voluntary Arrangements
- Protected Trust Deeds, for Scottish residents in debt.
- Bankruptcy
- Budgeting
- Administration orders
- Debt management plans.
The whole area of debt management is very complicated and we will provide clients with confidential debt advisory service providing advice and solutions on all debt and credit problems. To aid the whole IVA debt advice process we have dedicated sections on debt management. The criteria debt management is for people with debts below £15,000 or who owe money to only one or two organisations. Debt management is also suitable for people with lots of equity in their properties or who don't want to go bankrupt or who have had IVA debt advice and prefer to keep matters informal.
The debt advice service offered can accessed online or by calling 0800 074 6918.
The process of debt consolidation and IVA debt advice can be confusing. It can look like there are no many options. A popular option for clients owing above £15,000 to at least 3 separate creditors is an IVA. An Individual Voluntary Arrangement - IVA is a formal agreement between you and your creditors where you will come to an arrangement with people you owe money to, to make reduced payments towards the total amount of your debt in order to pay off a percentage of what you owe then generally after 5 years your debt is classed as settled. Due to its formal nature, an Individual Voluntary Arrangement - IVA has to be set up by a licensed professional.
Clients who can afford at least £200 per month can IVA debt advice from Money Advice Direct. The result of the IVA is that a large percentage of debt can be written off. This can be up to 60-75%.
Please call 0800 074 6918 to see if you can qualify for an IVA. Alternatively you can use our website based application form to see if you qualify for IVA debt advice.
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]