IVA Advice UK - Fast, Friendly Independent Advice
Benefits of an IVA
- * Interest frozen and/or reduced
- * Some debt may be written off!
- * Letters Stopped!
- * Phone Calls Stopped!
- * Stop Repossession!
- * Debt Free in 5 Years!
- * One Easy Monthly Payment.
Do You Qualify?
- * Debts of £15,000 or more?
- * At least 3 different creditors?
- * Regular income?
- * Mainly unsecured debt?
- * If not then click here
Why Use Us?
- * Free, Honest Advice!
- * Independent and Impartial
- * No Pressure
- * Sympathetic
Qualify For An IVA?
To qualify for an IVA (Individual Voluntary Arrangement) the following items can be used as a guide to give you a rough idea:
* You should be in employment.
* You have debts of at least £15,000 but these tend to be borderline cases and debt of over £20,000 has a better chance.
* The debts you have, shoud be to at least 3 different companies. So, if you had an overdraft and a loan with one company this would only count as one creditor.
* You should be able to afford at least £200 each month. From experience, this is usually the very minimum they will accept. This will depend on the level of debt e.g. if you owed £100,000 then you would obviously have to pay more each month!
* You should not have any large assets that could be sold to pay off the debt.
Each case is different and there are many factors to consider so if you would like to discuss this in more detail then contact us using the online application.