Individual Voluntary Agreements (IVAs) can be an ideal debt solution and an alternative to incurring further unaffordable debt, through high interest loans, such as payday loans. Even with bad credit history, your outstanding debt can be resolved with a formal agreement, such as an IVA, without it resorting to bankruptcy. When it comes to IVAs, debt management […]

Wondering what happens at the end of an Individual Voluntary Arrangement (IVA), and whether there is any long-term impact? Let’s learn more about how an IVA is completed, how long it takes, and the steps you might take next. May not be suitable in all circumstances.Fees apply. Your credit rating may be affected. How Long […]

A Debt Relief Order (DRO) is a debt solution suitable for those who have accrued under £30,000 in debt but are looking for alternatives to bankruptcy. Here is everything you need to know about DROs. May not be suitable in all circumstances.Fees apply. Your credit rating may be affected. What Is a DRO? A Debt Relief […]

What are IVAs? An IVA is an Individual Voluntary Arrangement. This is a legally binding agreement between your creditors and yourself. An IVA allows you to repay your debts in affordable payments over a period of time. Because of the legal nature of the agreement, and the fact it is legislative debt relief scheme, through […]

Individual Voluntary Arrangements (IVAs) can be an ideal debt solution for dealing with unaffordable debt, and a great alternative to bankruptcy, depending on your circumstances. However, once the IVA is approved, you are required to make the agreed payments for the duration of the IVA, and you may be worried about what happens if you […]

An Individual Voluntary Agreement (IVA) is a type of personal debt solution that is based on a formal and legally binding agreement between yourself and your creditors. This means you’re required to make single monthly payments to cover all of your debt as an alternative to bankruptcy. Applying for an IVA can be a very overwhelming situation, […]

When it comes to repaying debts in affordable monthly payments, most people will typically have two options – an IVA or a Debt Management Plan (DMP). But, what is the difference between the two, and how might you decide which is the right path for you? For those seeking assistance in deciding, the team at […]

Before committing to an IVA (or individual voluntary arrangement), it is important to consider and fully understand both the short and long-term effects of the agreement. Below are some of the most commonly asked questions about the implications an IVA might have on your life. May not be suitable in all circumstances.Fees apply. Your credit rating […]

Many things are made a lot more challenging when you’re on a debt management plan – securing a credit card is just one of the difficulties running through your head when you’re faced with issues repaying your creditors, but also coping with unexpected bills or rising costs. For most people, debt management plans allow them a […]

For people who are in debt, it is only natural that you might be worried about how much an IVA – or Individual Voluntary Arrangement – might cost. So, let’s break down the costs of an IVA, looking at who pays what and what it all contributes to. The Cost of IVAs: Who Pays for […]