If you are struggling with large amounts of debt, an IVA is often the best debt solution for you. All your creditors will be legally bound by the agreement once it has been accepted.
For more information please call our specialist AllClear Finance IVA advisors on 0800 048 1762, or fill in the Quick Enquiry Form for a call back.
Advantages of an AllClear Finance IVA:
- Interest and Charges Frozen
Once your IVA has been agreed, all interest and charges will be automatically stopped. By law your creditors cannot add any further interest and charges to your debt. - Unaffordable Debt is Written Off
An IVA lasts for a typical period of 60 months. On completion of the IVA, all the unsecured debt that you cannot afford is written off. - Debt Free in 60 months
The typical time frame of an IVA is 60 months, after this time you will be free of any unsecured debt.
- One Monthly Payment
During the IVA Process, you will agree to a reduced monthly payment that is affordable to you. This payment will be dependant on your financial circumstances. - Protection from your Creditors
Once your IVA has been accepted, your creditors will be unable to pursue you for any debt. As long as you stick to the terms of your IVA, they will not be allowed to take any legal action against you. - Private Agreement
An IVA is a private agreement between you and your creditors. Unlike bankruptcy, details about your IVA will not be published in your local newspaper. However your name can be searched on the online insolvency register - http://www.insolvency.gov.uk/eiir/ - Protect your Assets
You will not have to sell any of your assets, whereas a bankruptcy order can demand that you sell your home.
- Protect your Professional Status
Declaring yourself bankrupt can harm your career prospects. However, an IVA allows you to continue your career path without any adverse effects to your job.
If you think that an IVA might be the right debt solution for you or you want to discuss your options, contact our AllClear Finance IVA team on 0800 048 1762.
All Clear Finance is a trading style of Ask Finance Ltd (Registered in England and Wales. Company number 4229724), a wholly owned company of the Harrington Brooks Group Ltd. Ask Finance Ltd is licensed under the 1974 Consumer Credit Act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance Ltd is authorised and regulated by the Financial Services Authority - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.