September 6th, 2010
What is an IVA?
You have probably heard about it but you don’t know for sure how this could help you. It is very simple. IVA will help you to pay off your debts in less than five years! Moreover, you will have the benefit of legal protection, which means that, in this period, you won’t have to pay any interests or delay penalties.
To take advantage of this individual voluntary agreement you only have to sign a formal agreement with your creditors. Through it, you will have the possibility to pay a percent of your debt in a determined period. IVA represents also the best solution for the ones that have too many debts and are trying to avoid bankruptcy and its negative effects.
Moreover, it is offering you a better handling of your debts and also the assurance that you won’t accumulate any more debts during your contract. IVA has no limits regarding debtors. It is addressed to a person that has a regular income and which, in the past, applied for loans and is not able to pay them off in the present. So, if you think that bankruptcy remained the only way out to get rid of debts, give it another thought! If you find yourself in this situation, IVA is the best debt solution for you. In a few words, signing these individual voluntary agreements means that your creditor will reduce the amount of money that you owe in change of your commitment to pay monthly a percentage of your income, during the next five years. The first thing that you have to do is to ask specialized advice.
Financial counselors will help you find the best creditor with the most appropriate conditions and criteria for your financial situation. They will present you the market offers and once you decided upon some, counselors will send your file to the lenders you selected. Once the IVA is signed, your debt will be reduced and monthly payments will start. So don’t follow the final solution of declaring yourself bankrupt.
Apply for individual voluntary agreement and provided you maintain payments – five years you will simply delete all your unsecured debts!
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July 6th, 2010
The calculation states that an average person owes about £9,800, and that’s where we too fit in usually. Many peope are looking for liberation from the prison known as debt. Due to the increase in the unemployment rate by 10% many people are finding it difficult to pay off their debt.
Debt comes down as a curse and destroys your mental peace so try to avoid being a victim to the debt problems.
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April 26th, 2010
You may have come across the buzz words about ‘becoming Debt Free’. But what does it mean and do you really want to become Debt Free if you feel as though your debts are not much of a problem?
The answer is yes! Becoming debt free can really help you financially.
You can not turn anywhere without hearing the dreaded words: “credit crunch”. You may feel as though you have not been affected as you are doing fine financially, but becoming debt free is essential if you want to avoid some of the effects of the credit crunch. Read the rest of this entry »
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April 26th, 2010
Finding a reputable Debt Free solutions company can often seem a struggle, as there are a number of debt free solutions companies which all promise to do the same thing for you, so which company should you pick and which offers you the best deal?
The best debt free solutions company could be the one that offers the services at a level that you can afford. Most debt free solutions companies do charge for their service, and this could be something that you want to consider. Read the rest of this entry »
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April 26th, 2010
Deciding on the right Debt Free solution can often be a worrying and confusing time as there are so many different debt solutions to choose between. Each debt free solution is designed to suit specific financial needs and situations, so it is important to get expert debt free advice to see which one is right for you.
Our debt free advisors are on hand to offer you debt advice about any one of our debt free solutions, and their expert guidance could be just what you need to help you decide which debt solution is right for you. Read the rest of this entry »
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April 26th, 2010
When it comes to dealing with debt you may feel a little bit confused about how to repay the debt and perhaps how you managed to get into this situation in the first place.
Therefore it is important to begin understanding the causes of debt; armed with this information you can curb your spending habits and begin to repay your debt and look forward to becoming Debt Free.
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April 26th, 2010
Sometimes the thought of being Debt Free can seem like an impossible dream. You may think that it is impossible to save when you have debts to repay and have to worry about the increasing costs of living.
We all know how important it is to save money so we have access to a little bit of extra cash should we need it on a rainy day, such as having to pay for car repairs. Read the rest of this entry »
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April 26th, 2010
When you are in debt and want to become Debt Free, it can be difficult to know if you should be using all of your spare funds to save or pay off debts. We all know that regular saving should be are an important part of our financial planning as they can offer a financial security for the future or in times of financial emergencies.
However, if you have debts then you might be wondering whether you should concentrate most of your spare funds on paying off your debts to become Debt Free as, due to the level of interest of both of these products, it could save you a lot of money in the long run. Read the rest of this entry »
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April 26th, 2010
If you are looking to reduce your debt payments, you may find that you have a number of different creditors which are all due at different times of the month, Multiple debts can be hard to handle.
If you do not make at least the minimum payment on time, then you will be facing additional charges and penalties being added to your debt, meaning that you will be seeing your debt level rise higher and higher. Read the rest of this entry »
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April 26th, 2010
We offer national debt advice, so no matter where you are in the UK, we can help with your debt problems.
You might be calling about how to deal with high levels of debt. If you have over £12,000 worth of debt then you may be suitable for an IVA. An IVA allows you to make reduced payments to your creditors, and most of our Debt Free IVA clients can expect to be debt free in 60 months. An IVA is only suitable for residents of England, Wales and Northern Ireland. Read the rest of this entry »
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