When looking into what you could potentially do about your own debt, you need to make sure you get the solid facts about the debt solution options open to you.
If you have unsecured debts of more than £7,000, you may be eligible for an Individual Voluntary Arrangement (IVA) to help you pay off your debts.
We’ve put together the following in-depth guides and resources to help you to understand how IVAs work and decide if it could be the right debt solution for you.
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 […]
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 […]
NDH Financial can help free you from the shackles of your debt.
Call us on 0800 002 9051 or apply below.
If you're already a client of ours, please contact us on 0800 002 9061
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 […]
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 […]
Suffering from debt and bad credit is an incredibly difficult situation, and it can feel like an impossible hole to dig yourself out of. Thankfully, we offer a debt solution that offers an alternative to bankruptcy through online assessment and monthly payments: an Individual Voluntary Agreement (IVA). Are you interested in taking out an IVA but […]
When you’re struggling with any level of debt, it can feel impossible to get yourself out of it. All types of debt can easily become overwhelming, and, with negative impacts on credit scores, you might be wondering where to turn. One of the more popular options when it comes to debt solutions for people in this […]
If you are entering an individual voluntary agreement (IVA), you may be concerned about your personal independence payment (PIP) being taken away. Without PIP, you may not be able maintain a comfortable standard of living, due to the expenses associated with your condition. May not be suitable in all circumstances.Fees apply. Your credit rating may […]
If you have had threats from bailiffs, it can be stressful and worrying. However, it is important to make sure you do not panic, as there are options available to you, and one avenue you may want to consider is taking out an IVA. What sort of debts do bailiffs collect? There are a number […]
Get in touch with NDH Financial today for a free consultation about your debts.
Call us on 0800 002 9051 or apply below.
If you have decided that entering into an IVA – Individual Voluntary Arrangement – is going to be the best thing for your current financial situation, you may be wondering whether or not you are going to be able to keep your vehicle. If you enter into an IVA you will typically be allowed to […]
If you are thinking about setting up an IVA, you will want to know how long it will take to do so. Setting up an IVA will typically take between four and six weeks. There are a number of steps involved, so it is imperative to keep this in mind. Once you have contacted an […]
If you have debts to pay off, determining the best repayment option can be a challenging decision. There are a number of options available, and your selection will probably be impacted by how much money you owe, as well as the amount of money and assets you have to your name. One option available is […]
In the event that you file for an Individual Voluntary Arrangement, what are your chances of success? Is it possible to turn it down? And what happens if your application is turned down? Can IVA Be Refused? Yes, this is a possibility, however, as any application for an IVA must be submitted through an Insolvency […]
An IVA, which is short for Individual Voluntary Arrangement, is a legally binding and formal agreement between yourself and your creditors to pay your debts back over a specified time period. This is set up by an IP – insolvency practitioner. While there are a number of benefits that are associated with entering into an […]
If you are in debt, then you may be torn between opting for an IVA or a DRO (debt relief order). This is understandable, but there are things that you can do to try and make things easier on yourself. One of the steps that you need to take is understanding the difference between an […]
NDH Financial can help free you from the shackles of your debt.
Call us on 0800 002 9051 or apply below.
If you're already a client of ours, please contact us on 0800 002 9061
An individual voluntary arrangement (IVA) is a legally binding contract between you and your creditors that allows you to pay off your debts at an affordable amount. As part of the contract, you agree to make payments over a fixed period, usually five to six years, as well as providing regular updates on your financial […]
If you are trying to buy a home when you are repaying your IVA, then you should know that your chances of obtaining a mortgage are slim. Your original creditors may wonder how you are able to afford a property when you are already paying them back, and new creditors may not be likely to […]
If you are in a lot of debt, and you can no longer afford the required payments, then a statutory debt solution may be appropriate. Based on your circumstances, you can either enter an IVA or you can petition for your own bankruptcy. An IVA is a formal agreement with your creditors, where you agree […]
If you do receive an inheritance of more than £500 during your IVA, then you may not be able to keep the funds. The money will be used to pay off your debt. How is Inheritance Seen In Terms of an IVA? Inheritance is seen as a windfall. If you receive this during your IVA, […]
When considering trying to obtain an IVA, you may be wondering, can an IVA affect my job? You may be hesitant to move forward if you believe it will negatively impact your career or job. Be glad to know that in most cases, an IVA would not affect your job, and shouldn’t be a problem […]
Learn more about how an Individual Voluntary Arrangement (IVA) works and what debts can be included in it. What is an IVA? An individual voluntary arrangement (IVA) is a legally enforceable agreement between you and your creditors that allows you to pay off your obligations at a reasonable rate. You make a payment to an […]
NDH Financial can help free you from the shackles of your debt.
Call us on 0800 002 9051 or apply below.
If you're already a client of ours, please contact us on 0800 002 9061
Your IVA will put you on a payment plan until you pay your creditors what you owe. But can an IVA be paid off early if you happen to receive some extra money? The good news is that it is entirely possible to pay your IVA early. Nevertheless, it depends on how much you’re proposing […]
