An IVA is a debt
management plan set up by H M Government to provide a solution to the
problem of personal debt and deal generally with the issue of personal
The needs of one
person may vary greatly from the needs of another person. Any IVA advice
given must thus reflect the distinctive nature of the situation people
find themselves in. Normally
an IVA will be set to run for 60 months and when the term completes
all debts are cleared from a person's record.
An instrument such
as this writes off most of a person's debt at the beginning of the programme
(although be wary of the exaggerated claims made in some advertising:
it is seldom much more than 60 or 65% of total unsecured debt which
may be 'written off' in this way). Any decent IVA advice will ensure
that you get optimum results with the lowest repayment options together
with the greatest percentage of debt written off at the outset.
So fill in the IVA
online application form for independent and impartial IVA advice which
is right for your own personal circumstances.
If you have at least
two accounts in debt, and total debts of £2,000 or more, use the
form below to see if you qualify. (If you owe less than this, or are
on state benefits, then use this
link to apply.)
be aware that figures entered need to be accurate by law, and to give
the best service to you. It is extremely important that you budget for
all necessary expenditure including rent or mortgage, council tax and
utility bills, etc., and any other necessary outgoings related to the
upkeep of your household and inrelation to any specific circumstances
that may relate to you. This website only collects data on behalf of
debt management professionals, from which it will receive affiliate
remuneration for data collection only and does not itself engage in
any debt management services. Other debt management options are available
and may be more suitable. People entering into an IVA or debt management
will have this entered on their credit profile and this may affect their
ability to get credit in the short term or even in the long term in
some cases. It is free to apply from this website; you will be given
advice by debt management professionals and a 'cooling off' period,
by law, to decide whether or not the debt management plan is suitable
for you, and you should be aware that a fee will be chargeable upon
a successful arrangement, as with any commercial transaction. Failure
to meet the repayments on an IVA or any debt management programme may
result in serious consequences, including, but not limited to, bankruptcy.
Bankruptcies, CCJs and similar defaults will be entered into a public
register and will remain there for a statutory period of not less than
six (6) years.
Credit Licence number 633327.
Most kinds of IVA
online will generally be made to last over a period of 5 years, but
often this will vary in each case. At the end of this the debt is said
to be discharged and the applicant exonerated. Any records of the various
debts which have hitherto been registered against the client's name
shall be deleted from the record by authority of the law.
Our economy is
an extremely complicated thing. Economists and scientists of many types
are seeking to figure out how it functions every day. It is like a huge
computer. Inevitably economic policy impinges on political decisions
and such things are largely governed by the society that we have. Our
society is calibrated towards successful endeavours ensuring that often
means risk. For as long as we have this insidious aspect of risk we
have also to live with the ghastly spectre of insolvency, both personal
and corporate. Use of an IVA online is meant to alleviate this risk
to a greater degree.
A great advantage
of an arrangement like this is that it will immediately cut the debt
burden by a massive amount. This great reduction in the amount of debt
makes a substantial difference and is one of several things that distinguishes
an IVA from an otherwise regular debt relief program. So people seeking
debt relief should apply for this rather than a standard debt relief
programme every time.
A number of disciplines
have grown up surrounding aspects of insolvent cases, and these encompass
the legal profession as well as more recent professions including IP
consultants. All these experts should be used to their best effect.
Each one will have their own area of knowledge and specialisation which
you should make use of to your advantage. Making use of a IVA online
will make recovery from debt much easier and quicker.
An IVA is an extremely
useful legal measure and most would jump at the chance of taking one
out as it is bound in law and discharges the client from the entire
debt at the end of the term. This is a milder solution to personal insolvency
than other more draconian measures such as bankruptcy and carries none
of bankruptcy's sting.
iva online advice
iva online application
iva online faqs
iva online help
iva online quote
a look at the Insolvency Service's leaflet called 'In Debt', downloadable
website is property of IVA Online. Copyright 2002 -Thereafter. All