Our recommended debt solutions can freeze your debts and allows you to pay them back over a set period. Any money you still owe after this period is then written off, *between 25% and 85% is realistic depending on your ability to repay. We can help advise and check if you you qualify for an appropriate debt management plan to pay something towards your debts but not necessarily the full amount that your creditors want.
Customers can get free debt counselling, debt adjusting and providing of credit information services from the Money Advice Service – an organisation set up by the Government to offer free and impartial advice to those in debt. For more information from the Money Advice Service click here www.moneyadviceservice.org.uk
It may be necessary for the consumer to release equity to repay their debts, or that the IVA will appear on their credit rating for six years and that if the IVA fails they could be at risk of bankruptcy.