subject: IVA - A way to deal with credit card debts [print this page] IVA - A way to deal with credit card debts
If you can't meet all your debt repayments in full, but are able to pay something regularly each month, then an IVA can be established. During the IVA you won't receive any further contact from your creditors, plus all interest and charges will be frozen.
An IVA provides many benefits compared to other debt solutions like bankruptcy or debt management. It's designed to suit your specific needs and can be used to help people in a variety of different circumstances. To discuss if an IVA could be suitable for you, call insolvency practitioner.An insolvency practitioner's initialadvice is often FREE and designed to enable you to make informed decisions on whether an IVA is for you.
What to expect from an insolvency practitioner?
When you speak to aninsolvency practitioner about your debt problems, you'll notice a range of unique differences.
You'll speak directly toan experienced and knowledgeable debt advisor, who will listen to your situation without passing judgement on the reasons for your difficulties.
Your insolvency practitioner ordebt advisor will examine your personal finances with you, and help you calculate how much you could realistically be prepared to pay each month.
This information will then form the basis of the proposal to your creditors, should you decide to proceed with an IVA.
Most insolvency practitioners do not chargeup front fees to pay and have absolutely no obligations. Insolvency practitioner are not salespeople, and will work with you to identify the best solution to your debt problems.
An insolvency practitioner will only recommend an IVA if it is the best solution to your problems and is likely to be accepted by your creditors.
If an IVA is not the most appropriate course of action for your situation, insolvency practitioners will help suggest other alternatives.
To ensure your best chance of significantly reducing your debts call aninsolvency practitioner to look at an IVA or Bankruptcy.
