The Debt Counsellors > Iva > Iva Debt
Iva Debt
A Supervisor is appointed at the creditors’ meeting and it is their job to administrate the proposal
Typically, the terms of the arrangement will involve a large proportion of the total debt being written off at the end of the term of the IVA.
For the rest of the debt, a monthly fee will be paid over a five-year period.
The amount of these payments is based around your income and calculated depending on what you can afford to pay every month.
DEBT MANAGEMENT
A debt management plan is an agreed solution with your lenders and we negotiate with your creditors.
do i qualify?
IVA
An IVA is a formal arrangement with your creditors. Once agreed your creditors cannot ask for your agreement to be changed.
do i qualify?
REFINANCING
Refinancing is a way to wrap up all of your credit into one manageable monthly payment.
do i qualify?
BANKRUPTCY
Bankruptcy is when you legally declare that you cannot pay your debts and a court order is put in place to split your assets amongst your creditors.
do i qualify?
CONTACT
T: 0800 954 8115
Gisborne Close
Staveley, Chesterfield
Derbyshire, S43 3JT