IVA and Debt Management explained.
Statusclone aims to give you useful facts and information on various ways to manage debts. Most adults will at some time or other in their lives fall into debt, and it is easy for these to mount to levels which are difficult to manage.
IVA and Debt Management – A good way to beat debts?
When debts do become hard to control and seem to be spiralling beyond manageable levels, it is a good idea to stop for a moment and face the debt monster! Many people reach deep debts because they are frightened to face them. Unfortunately ignoring the problem does not make it disappear. That is why it is best to first look at each debt, see how much is really piled up and then seek help. You can start with an independent financial adviser, or consider an IVA or Debt Management plan. An IVA is called Individual Voluntary Arrangement and is an agreement between the person in debt and his or her creditors. This will be reached via a middleman who can negotiate on your behalf. The person agrees to pay back his or her debts via monthly payment over a set period of time. Doing this is certainly better than having to file for bankruptcy and can save a lot of time and hassle as well as worry. You will usually need to have debts of at least £15,000 to apply.
1. Debt Assist 123 - Debt Management
Debt Assist 123 provides a service which helps consumers who are in need to find the lowest available rates on mortgages, insurance, loans debt solutions and other financial products and services. If you are in debt and struggling to stay afloat Debt Assist 123 will do their best to find you a debt management plan or consolidation loan to help you. Debt Assist 123 also has a professional network of highly qualified advisors who can advise you with the fastest most efficient debt solutions for managing your finances. Debt Assist 123 specialises in helping people whose debts are larger than £5000. You will need to be over 18 years old, resident in the UK and able to provide some sort of identification.
2. Debt Line
Debt Line solve debt problems with debt management plans for thousands of customer´s everyday by reducing the amount they have to pay every month, freezing the interest and charges on their accounts and also stopping any creditors from being able to hassle them. Debt Line can even help if you´ve got bad credit history and they don´t credit check you. Debt Line currently deal with over £215,000,000 worth of the UK´s debt for more than 16,000 customers who were once struggling.
3. The Debt Support company
The Debt Support Company can help you with a number of issues related to debt. It can often seem like debts have spiralled out of control and there is no way back. However, there are companies out there like The Debt Support Company who can help you get out of debt no matter what your circumstances. This company can offer debt management plans and IVAs which will help you consolidate your debts into single payments making things much more manageable.
