IVA (Individual Voluntary Arrangement) Is it right for you? Plus Free IVA Advice.

Here at Online Debt Help.co.uk we offer free iva advice for people wondering if an IVA is the right solution for them

An IVA is away to write of a massive bulk of your debt but like anything, there are advantages and disadvantages to IVAs and here at Online Debt Debt we want you to be aware of all aspects of them. Some of the more prominent benefits include:

• IVAs ensure your home is safe from repossession by your creditors named in the IVA
• With an IVA upto 75% of your debt can be wiped away.
• You wil be given new affordable monthy payments
• Interests rates on your debts are frozen and your creditors can’t stick more charges on top
• IVAs can last upto 5 years – after that you are officially free of debt
• No more contact from your creditors, they are not allowed to write, call or try to get in touch with you in anyway.
• Your creditors can't try and take you to court or any legal action against you
• You don’t get the negative aspects of bankruptcy to contend with
• Get in Touch for Free IVA Advice

It sounds great but there is a downside to it all, you can't use credit cards or store cards while the IVA is in progress, for one thing. Your bank won't give you a overdraft. However, if you are eligible for an IVA your current financial situation is necessarily sticky. With an IVA, the reduction of your overall debt and a more reasonable monthly repayment schedule (not to mention the avoidance of bankruptcy proceedings) should more than offset these admittedly tough regulations.

Why not get in touch with one of our advisers or fill in our online form to take an IVA eligibility test? Just a few questions will determine whether you can apply for an IVA or not. If you can’t, never fear, there are other avenues for you to explore – call an Online Debt Help adviser today.

There aren't many IVA companies that give out free iva advice, but here at Online Debt Help.co.uk we are happy to give out free advice, because it's you the client that we pride yourselves on pleasing.