|Write off a significant amount of your debt||Freeze interest and charges|
legislation that helps you
clear your debts in 60 months
|STOP threatening letters and phone calls|
Individual Voluntary ArrangementAs part of the Insolvency Act 1986 the Government introduced a scheme called an Individual Voluntary Arrangement (IVA) to enable individuals to write off debts that they cannot afford pay. An Individual Voluntary Arrangement is an alternative to bankruptcy that enables an individual to keep all of their assets (house for example) and become debt free. A significant amount of your debt can be completely written off.
Who is eligible for an Individual Voluntary Arrangement?If you have debts in excess of £5000 owed to 2 or more creditors then you should fill in the form to the right to see if an Individual Voluntary Arrangement is right for you. The advice is free, you are under no obligation and we can offer guaranteed acceptance onto an Individual Voluntary Arrangement if you meet the criteria.
Types of debt covered by an Individual Voluntary ArrangementUnsecured debts such as credit card debts, personal loans, store cards, and overdrafts are all covered by an Individual Voluntary Arrangement. Secured loans (mortgages), council tax arrears and fines are not covered.
How long will an Individual Voluntary Arrangement take to set up?Once we have assessed whether you are eligible for an Individual Voluntary Arrangement we will fast track your application. Our debt experts will take over all contact with your creditors, and they will stop chasing you for payment. Under the terms of your Individual Voluntary Arrangement you will have one affordable monthly repayment, and all other debt will be written off. You will be debt free in 36 - 60 months.
|debt management||IVA||bankruptcy||consolidation loan|
|one affordable monthly payment||significant amount of your debt written off||may provide peace of mind||save on monthly repayments|
|may freeze interest||reduce monthly payments||your assets will be sold to pay creditors||clear your other debts quickly|
|stress free||interest frozen||debts written off||one monthly payment|
|you don't have to deal with your creditors||debts of at least £5,000||usually a last resort||reduce your monthly bills|
|More about debt management||More about IVA's||More about bankruptcy||More about consolidation loans|
Individual Voluntary Arrangement from Effective Debt SolutionsProviding you owe at least £5000 to 2 or more creditors you could get a significant proportion of your debt written off by entering into an Individual Voluntary Arrangement. This new Government scheme is designed to help individuals that are struggling to pay their debts to become debt free and avoid bankruptcy. Once you have completed our simple online form we will assess the suitability of an Individual Voluntary Arrangement for your individual circumstances, and if you wish to go ahead we can have you on the way to becoming debt free, fast. If an Individual Voluntary Arrangement is not suitable for you we will advise of other ways to cut your monthly repayments and get out of debt.
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