The IVA - You Only Pay What You Can Afford
Imagine the relief of a short confidential discussion with a friendly financial consultant that resulted in you being told you qualified for an IVA (Individual Voluntary Agreement). It would mean less debt, lower monthly repayments turning your financial nightmare into a dream come true.
Contact us now it takes just 5 minutes to see how an IVA could help you.
Considering an IVA?
Watch this quick introduction
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Five facts about IVAs
- A portion of your debt could be written off after 5 years.
- Interest charges are frozen so you are paying off the debt rather than the interest
- Stops creditor harassment
- An IVA allows you to make a fresh start with your credit rating
- Reduce payments to as low as £100 a month
Real life example of an IVA
Before
Mr Green had been struggling with his Debt Management plan for some time when he approached us.
His total debts were £16,399 with an informal arrangement to pay them off in just over 8 years at a rate of £491.97 per month.
The light at the end of the tunnel was a long way off and the monthly payment still too high.
Mr Green had been struggling with his Debt Management plan for some time when he approached us.
His total debts were £16,399 with an informal arrangement to pay them off in just over 8 years at a rate of £491.97 per month.
The light at the end of the tunnel was a long way off and the monthly payment still too high.
After
As always the people at Smooth simply dealt with this debt.
Creditors agreed and IVA and Mr Green’s monthly payment dropped to £211 per month for just 5 years after which he will write off 23% of his debt (£3,739).
What a result, now he can manage his monthly repayments and clearly see his way out off the debt that was strangling him
As always the people at Smooth simply dealt with this debt.
Creditors agreed and IVA and Mr Green’s monthly payment dropped to £211 per month for just 5 years after which he will write off 23% of his debt (£3,739).
What a result, now he can manage his monthly repayments and clearly see his way out off the debt that was strangling him
An IVA could reduce your monthly repayments and overall debt. Let us simply deal with your debt, Call us Now 0800 027 5423