Ashley Park: IVA
Ashley Park are experts at helping people escape their debt, one of the way's we help our clients is through an IVA.
An IVA is an Individual Voluntary Arrangement. It is a formal agreement between you and your creditors. When you set-up an IVA you agree to make reduced payments towards the unsecured debt you owe (normally over a 5 year period). Once the IVA is in place, interest and charges are stopped and creditors cannot contact you to chase your debt. On completion of the IVA any outstanding unsecured debt maybe written off at the end of the IVA and those not included will remain outstanding.
An IVA is a practical alternative to bankruptcy which has benefits for both you and your creditor. As a bankruptcy petition can be quite expensive to organise by the creditor, in most cases they will accept the IVA proposal. This is because unless you have significant assets which can be released by a bankruptcy petition, the creditor often has little to gain from the procedure.
All IVA's are referred to Price Sterling, who are also part of the Norton Finance Group.
APPLY ONLINE NOW or CALL 0800 043 3535
Considerations when applying
subject to eligibility and acceptance with fees payable. Telephone calls may be recorded for training purposes.
Repaying debt over a longer period may increase the total amount to be repaid. Your ability to obtain credit will be affected in the short, medium and possibly long term.