IVA
Individual Voluntary Arrangement
Benefits
Be debt FREE within 5 years- Telephone calls and demands stopped
- Interest & late payment charges frozen
- 1 monthly payment
- Repaired Credit Rating
- Protection from court action
- Private Agreement
What is an IVA?
It’s a formal agreement between you and all the creditors you owe money too. You both agree on an arranged amount of money that you can afford to pay them back usually at a reduced rate. You only pay a percentage of the debt you owe back and after 5 years your debt is classed as settled and that is how it shows on your credit score. Due to the fact it is legally binding it does have to be set up by a Licensed Practioner, which means they cannot change their mind once the agreement is made.
How easy is it?
Too easy! – All you have to do is pick up the phone and make 1 call. We will explain everything in detail about what will happen and once you have this knowledge you can rest assured the hard part is over. Burying you head in the sand isn’t the option we are!
What will I Pay?
The minimum payment each month is £180’s, but it will be based on the means of your income and a realistic figure is agreed upon. This means you will be able to spend the rest of your cash on things that matter and with any luck you should have a better quality of life for doing so.
Why use an IVA?
Quite simply it allows you to see “light at the end of the tunnel”. Once it is all drafted you are set to go and can enjoy living life again!
We will help put an end to ignoring phone calls, ignoring overdue bills, hiding when people come to your home. All these things are horrible and nobody wants them, least of all you. We are offering a way for you to stop this, become debt free and never have to worry about it again.
What’s the other option? Well you could carry on as you are, but things may only get worse and the letters that threaten to take legal action, it might just happen!
Why this and not Debt Management?
You have to have at least £12,000’s worth of debt so in all likelihood an IVA will be quicker to pay! Your credit rating will be affected for 5 years but once this is completed your debt will be classed as settled. You may not pay back as much with an IVA and as its legally binding companies are more willing to accept this and cut their losses.
Testimonial
Diane Barker – Kent
I would like to say thank you for this web site it has offered me so much more information than I was being given by the 1st company I called. I admit I was burying my head in the sand so to speak. I wasn’t quite sure what I had to do I just knew it was getting worse. When I called Mature Finance they told me all my options and the things I needed to do. They even said they can help me handle my creditors so I didn’t have to. Even though I didn’t have to do it face to face, I didn’t want the embarrassment of speaking to someone that I owed money too. Once sorted I now have regular contact with one of their team and I know exactly when I will be debt free and the best bit is, I’m doing it in my own time and nobody is hassling me! Thanks again!
