If you qualify, an IVA is a way to clear your debts (excluding any secured loans and hire purchase loans) at an affordable amount each month with a guarantee that after a fixed time - usually 60 months - any remaining debt will be written off *
With our help you could:
Clear your debts. Only pay what you can really afford.
Clear all unsecured debt fully, even if you pay less than you owe.
Prevent / stop legal action - including bankruptcy and protects your Assets (e.g. your house).
Have one affordable set payment each month usually for only 60 months *.
Have all interest and other charges are guaranteed to be stopped (once approved by min of 75% by £ value of all creditors).
Ensure all contact from your creditors concerning repayment of their debt stop.
*An IVA will affect your credit rating and remain on your credit file for up to 6 years. Fees will be applicable if you proceed.
For homeowners, you may be required to re-value your property and seek a remortgage in year 4 releasing equity
where achievable to
contribute towards your outstanding debt.
IVA Expert is a trading style of Churchwood Financial Limited.