Debt Solutions
Individual Voluntary Arrangement (IVA)
IVA’s are a formal arrangement that are backed by government legislation and provide a viable alternative to bankruptcy for seriously indebted individuals. We will negotiate with creditors on your customers behalf to get all interest and charges frozen and even get the debt they cant afford to pay written off.
As IVA’s are regulated this means that all fees and charges are the same from whichever company provides this solution, however unlike us most companies are not accredited with the Debt Standard which adheres to the IVA protocol guidelines set out by the Insolvency Service. This ensures that we continue to be the UK's number one provider for IVA's
Partner Benefits
- White labelled advice service
- Customer retention/rehabilitation
- Prioritises secured lending
- Provides alternative income stream
- Competitive commercial terms and pricing structure
- Full account management support including training and reporting
- Dealing with an accredited and ethical solution provider
Customer Benefits
- One affordable monthly payment
- All interest and charges frozen
- Provides for priority payments such as rent, mortgage, council tax, food etc
- Debt forgiveness, what they cant afford to repay is written off
- Debt free in typically 60 months
Our required criteria for an IVA
- Customer has £15k of unsecured debt
- Owes money to 3 or more creditors
- Has a minimum of £150 per month to pay towards their debts
- Is employed/self-employed
- Has a desire to resolve their debt problems