Iva Debt Advice: Guidence To Help You Get Out Of Debt

By Author: Debtadvicetrust12
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The Debt Advice Trust is an impartial non-profit organisation that can offer you independent IVA debt advice and help you achieve solvency as quickly as possible. From taking the first steps to relieving the stress of debt, to your final repayment, we're here to help you get out of debt.
We always aim to listen to your problems and establish which method of repayment is best for you; If we decide that your personal circumstances mean that taking out an IVA is the best option for you, we have a team of reliable IVA companies on our approved panel. This means we can refer you direct so that you get professional help. Instructing one of our trusted insolvency companies means you will be offered a fast IVA debt solution service that can help you to avoid bankruptcy.
What is an IVA?
IVA stands for Individual Voluntary Arrangement, a process that is entered into as a means of repaying your debt. In order to apply for an IVA you will need to instruct a professional insolvency company.
An Individual voluntary arrangement, once agreed with your creditors will lower your monthly repayments and usually at the ...
... end of the stated agreement will result in the remainder of your debt being written off providing you have kept up your payments. An IVA is a legally binding contract between you and your creditors meaning that as long as you keep up the agreed payments you won't hear from your creditors again.
Since an IVA is negotiated on your behalf by another party, you can stop worrying about your debt as soon as your creditors have agreed to it. Having a professional deal with the problem on your behalf means, you will not have to concern yourself with questions such as what is an IVA? or how do I negotiate one with my creditors?
In cases where an individual owes more than £15,000 creditors are more likely to agree to the Individual Voluntary Agreement process, as the bankruptcy process will usually result in their recovering less of the money owed.
The Debt Advice Trust is here to answer all your questions about debt such as 'what is an IVA and could it help me avoid bankruptcy?' We're here to offer you help on how you can manage your debt.
As an independent IVA debt advice service, we assess whether taking on one of our IVA companies services will suit your needs best in the long term. Since entering into an IVA can stop any legal action you may have been threatened with and stop any charges and interest you may currently be accruing on your debt, it is often the case that using our approved panel of IVA companies can save you money over time.
Contact us today for independent advice to help you get out of debt and get on with your life.
The Debt Advice Trust has been created to help people in serious debt get good, honest, impartial advice. It is a not for profit organisation having specialist iva debt help advisor, providing debt management help, debt solutions and debt consolidation help.