We will Swift Debt Assist you in the right direction: Your Partner in Managing Debt Effectively
In today’s challenging economic climate, managing debt can feel overwhelming. Swift Debt Assist you, we understand the stress that comes with financial struggles and are dedicated to providing you with tailored solutions to regain control of your finances.
Why Choose Swift ?
Swift Debt Assist with offers a comprehensive range of debt management services designed to meet your unique needs. Whether you’re dealing with credit card debt, medical bills, or other unsecured debts, our team of experts is here to help you navigate your options and find the best path forward.
- Personalised Advice: Our certified advisors assess your financial situation to recommend the most effective debt management strategy.
- Flexible Solutions: From Individual Voluntary Arrangements (IVAs) to Debt Management Plans (DMPs), we provide a variety of options to suit your circumstances.
- Legal Protection: We help protect you from creditor actions, giving you peace of mind as you work towards financial stability.
- Ongoing Support: Our commitment doesn’t end with setting up a debt solution; we offer continuous support to ensure your long-term financial health.
Take the first step towards financial freedom: Find Your Solution Now
Debt Consolidation Loan vs. IVA
When it comes to managing debt, two of the most common solutions are Debt Consolidation Loans and Individual Voluntary Arrangements (IVAs). Understanding the differences between these options can help you make an informed decision, let Swift Debt Assist you:
| Feature | Debt Consolidation Loan | Individual Voluntary Arrangement (IVA) |
|---|---|---|
| Repayment Structure | Single monthly payment including principal and interest | Regular monthly payments with interest stopped |
| Total Debt Repayment | Full repayment of borrowed amount plus interest | Partial repayment with remaining debt written off |
| Interest Accumulation | Interest continues to accrue until the loan is repaid | Interest is halted once the IVA is in place |
| Eligibility Requirements | Based on credit score and financial standing | Based on total unsecured debt and ability to make payments |
| Impact on Credit Score | Can improve if managed well; negative if missed payments | Can negatively impact initially, but improves after completion |
| Legal Protection | None | Provides legal protection from creditor actions |
| Duration | Typically 3-7 years depending on loan terms | Usually 5 years |
What Is An IVA?
An Individual Voluntary Arrangement (IVA) is an agreement designed to help people with unsecured debts who cannot afford the minimum monthly repayments. As long as you commit to an agreed regular monthly repayment over a period of usually 60 months, the remainder of your debt could be written off. With an IVA, you get Swift Debt Assist on the following:
- Debt Reduction: Pay back a portion of your debt based on what you can afford.
- Interest Halting: No further interest or charges are added to your debts.
- Legal Protection: Shielded from creditor actions such as bailiffs and court judgments.
- Structured Repayment Plan: Clear and manageable monthly payments tailored to your financial situation.
- Professional Support: Managed by a certified Insolvency Practitioner who negotiates with your creditors.
Find Out Whether You Could Be Better Off With An IVA
Deciding on the best debt solution requires a clear understanding of your financial situation and the implications of each option. To help you determine the most suitable path, consider taking our Solution Finder. This quick assessment will guide you toward the debt management strategy that aligns with your needs and circumstances.
How Swift Debt Assist Can Help
At Swift Debt Assist, our mission is to provide cost-of-living help to those struggling with debt. We offer expert advice and a range of debt solutions to ensure you receive the support you need to achieve financial stability. Our services include:
- Debt Consolidation: Simplify your repayments by combining multiple debts into one manageable monthly payment.
- Individual Voluntary Arrangements (IVAs): Reduce your total debt and gain legal protection from creditors.
- Debt Management Plans (DMPs): Create a tailored repayment plan that suits your financial situation.
- Financial Advice: Receive personalised guidance from our team of certified debt advisors.
Take Control of Your Financial Future
If you’re struggling with debt and seeking effective solutions to manage the rising cost of living, exploring all available options is crucial. Whether you opt for a Debt Consolidation Loan or an IVA, taking proactive steps can help you regain control of your finances and achieve greater financial freedom.
Take our Solution Finder today to quickly assess your situation and discover the most effective strategy to manage your debt and achieve financial stability. 
*Disclaimer: This page is intended for informational purposes only and does not constitute professional financial advice. Please consult a qualified financial advisor to discuss your specific circumstances.*