IVA Explained

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Reduce Monthly Payments

Write Off a Percentage of Unsecured Debts

Potentially Freeze Interest and Reduce Other Charges

One Affordable Monthly Payments

Tenants and Homeowners welcome

Debt Problem Management

Online since 2001 - Helping 1000's of UK people & families resolve debt issues each year

IVA, Debt Management, Trust Deeds & Bankruptcy specialists...

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Individual Voluntary Arrangement (IVA)

An IVA or Individual Voluntary Arrangement is a legal way to reduce debts without becoming bankrupt. IVAs are most suitable if you owe more than Ł15,000 and are in regular employment.

An example IVA breakdown+...

...which had 61% of debt written off and on average the monthly payments were reduced by Ł603

Credit card 1:	Ł1,260
Loan 1:	Ł15,000
Loan 2:	Ł8,900
Credit card 2:	Ł5,900
Total Owed:	Ł31,060

With an IVA Plan
60 Monthly contributions of:	Ł200
Total paid:	Ł12,000
Write Off:	Ł19,060

Once the agreement is in place your creditors must stop all further interest and charges on your debts. All letters and phone calls from your creditors in relation to your debts should then cease. Once the 60 months have ended, and you have kept to the arrangement any outstanding debt included in the IVA is written off by your creditors.

For an IVA to be approved and interest and charges to be frozen it needs to be accepted by 75% of the creditors (by value).

Only unsecured debts included within the IVA may be written off at the end of the period and those not included, such as secured debts, Government fines and child support payments will remain.

...you too could be 24 hours away from a brighter future!

OTHER ALTERNATIVES

DEBT MANAGEMENT **

Reduce monthly payments?

• 2 or more creditors
• Over Ł2000 of debt
• A minimum disposable income of Ł80
• Proof of income

You may be able to freeze and reduce other charges, consolidate and reduce your repayments.

An example Debt Management breakdown...
Credit card 1	Ł6,500
Loan	Ł5,500
Store card	Ł2,000
Credit card 2	Ł3,000
Total Owed	Ł17,000
Current Monthly Payment	Ł600
Payment with a Debt Management Plan	Ł250

PROTECTED TRUST DEEDS

The Scottish equivalent of an IVA

BANKRUPTCY**

• If you have a very low disposable income
• If you cannot afford to make repayments on your debts

We know that Bankruptcy is usually a last resort, but there are other options available. Talk to an adviser now.

Get confidential help and advice and start getting your life back on track TODAY

Key Information on

Key Information on Debt Management (DMP) - Individual Voluntary Arrangements (IVA) - Protected Trust Deeds (PTD )

Online since 2001

Data Protection Registration - Z2454490

+An example projected case: assumes circumstances stay the same, IVA is adhered to and successfully completed

*Calls are free if made from a BT landline. Calls made from mobiles and other networks may be charged. Please check with your service provider.

**Although the initial consultation is free, there may be fees should you decide to enter into a debt solution.

Entering into a debt management plan can adversely affect your credit rating in the short to medium term.

***Testimonials are provided courtesy of our service provider and images are for illustration only.

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