At Debt Solutions the first thing we need to do is discuss your various types of debt and your current circumstances. If we determine that your best debt option is an IVA (Voluntary Arrangement), the rest is pretty straightforward. We will be able to identify what type of IVA is best for you.
There are a few different types of IVA which can be used for different circumstances. Each of these IVAs have been outlined below. Just click on the link to find out further information on each IVA.
An IVA application where the debts are in just one name. Click here for more...
An IVA application where all or some of the debts are in joint names. Click here for more...
An IVA where a lump sum payment is offered to creditors. This type of IVA can last for just 12 months. Click here for more...
An IVA application where the debts are in just one name but a partner/spouse helps with repayments. Usually used for very large debts where the creditors may not accept. Click here for more...
An IVA where the applicant has both business and personal debts. Click here for more...
If an none of these types of IVA are your best option, don't worry. There are other Debt Solutions available that could be of benefit to you.
A fee is only payable where further services are requested. All fees will be explained in detail and discussed prior to commencement of any service or debt repayment plan. In the IVA our fees are included in your monthly payment to your creditors so you will not have to pay anymore than you can afford. More suitable debt solutions may be offered which may result in different fees applying and we will discuss those with you during your initial consultation. Read further information. Creditors may still contact you with promotional material or to fulfil contractual obligations to you but they should deal with us in all aspects relating to the outstanding debts.
Acceptance of your IVA cannot be guaranteed but we will do our best. You must meet certain criteria which will be discussed with National Debt Relief advisors. Where we put a client forward for an IVA we believe they have an excellent chance of being accepted. Debts will only be written off where a client has made an agreed payment for a fixed period. In return the creditors agree to write off the remaining balance. Typically, our clients average debt write off is between 60-70% of the debt. What debt you have written off will depend on your individual circumstances and is subject to creditor approval and completion of the IVA. Your credit rating may be impacted for up to six years from the commencement of you IVA. Homeowners may be required to introduce equity if available.
Phonecalls: Calls from a landline are normally free. Please consult your provider if you are unsure. Calls from a mobile may be subject to charges. If you get charged just ask us to call you back for free.