PPC – Debt Con – 2 stage slider – 1 Column
Debt Consolidation Loan: Repay your debts in full along with all additional ongoing interest.
Individual Voluntary Arrangement (IVA): Interest is stopped whilst your repay what you can afford over a period of time after which the remaining debt is written off.
Find Out Whether You Could Be Better Off With An IVA.
IVA Eligibility Test
Disclaimer: For guidance only. Financial information entered must be accurate and would require verification. Other factors will influence your most suitable debt solution.
We’re Changing Lives Everyday
That’s What Our Customers Tell Us
Is An IVA A Better Option For Me?
“You could be debt free sooner and at less cost than with a consolidation loan”
What is an IVA
An IVA is a type on insolvency designed to help people unable to repay their debts in full, but who can commit to regular payments to repay them in part in exchange for the rest being written off.
How an IVA Works
We’ll review your situation and if suitable – make an application to your creditors. If accepted, no more interest can be added to your debts. Provided you maintain payments, all unpaid debt is written off at the end of the IVA, which normally lasts 60 months.
A single, lower payment
Harassed by letters, phone calls? Debt collectors or bailiffs at your door? An IVA protects you from any further creditor action and puts everything into one affordable payment.
Homeowners – Don’t put your home at risk
A secured consolidation loans bring a risk of repossession should you not keep up with payments.
With an IVA, mortgage/secured loan payments are prioritsed before considering unsecured debt repayments. This can make a mortgage affordable again and reduce repossession risk.
[show-example-row][show_iva_disclaimer]