Individual Voluntary Arrangements (IVAs) are a popular debt solution in the UK, offering a legally binding agreement between you and your creditors. But one question that often arises is: “How long does an IVA last?” In this comprehensive guide, we will uncover the facts, dispel the myths, and help you understand the implications of an
How Long Does an IVA Last – Everything you Need to Know! Read More »
Navigating the intricate world of finance can be a challenge. Yet, it’s essential to understand elements like credit defaults, how long they stay on file, and their implications on your financial well-being. This article delves into the surprising reality of ‘How Long Do Credit Defaults Stay on File?’ and empowers you to manage your credit
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Debt can feel like a heavy burden, and the promise of a quick fix can be alluring. One such promise you might have come across is the concept of government loans debt consolidation for people seeking debt consolidation. But is there any truth to these claims? Let’s delve into the facts and dispel some myths.
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Debt can have a significant impact on our financial well-being, causing stress and limiting our opportunities. If you find yourself burdened with DWP debt, it’s time to take control and explore strategies that can transform your finances. In this article, we will introduce you to Repay My Debt DWP, a hidden strategy that can pave
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Are you ready to break free from the shackles of debt? A Debt Relief Order (DRO) can be your entrance to a brighter financial future. Once you’ve completed this moratorium period, a world of possibilities awaits. But what does life after a Debt Relief Order really look like? After successfully navigating the challenges that led
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In this article, we will explore the pros and cons of bankruptcies UK and what factors you should consider when deciding whether petitioning for your own bankruptcy is the right choice for you. We will also explore some of the alternative options you can pick from and some of the advantages and disadvantages of these
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Have you ever wondered how credit card companies decide who gets approved for a credit card? It all comes down to credit scoring. Credit scoring is a method lenders use to evaluate the creditworthiness of borrowers. By analysing an individual’s credit history, lenders can make informed decisions about lending money and managing risk. Credit scoring
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In the post Covid-19 world and with inflation currently running rampant at over 10% (food inflation is even higher at almost 20%) an increasing number of people are beginning to struggle to pay their monthly bills. With many councils increasing rates by 5% this year, it is anticipated that there will be an increase in
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Individual Voluntary Arrangements (IVAs) are a popular debt solution in the UK. They allow individuals to make reduced monthly payments towards their unsecured debts for a set period which is usually five or six years. At the end of the IVA term any remaining unsecured debt is written off leaving you debt free and ready
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Debt can be an advantageous tool for meeting your financial objectives. However, it also comes at a price. When considering the decision to borrow money it’s essential to understand the true cost of debt including interest rates and fees. In this article we will evaluate the hidden costs associated with debt in the UK along
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Become Debt Free is a trading style of Re10 (Finance) Limited Registered Number 04651137. Data Protection Act Registration Number – Z8613095
Become Debt Free specialise in providing and administering Individual Voluntary Arrangement (“IVA”) solutions to individuals based in England, Wales and Northern Ireland. We do not administer Debt Management Plans, Debt Relief Orders, or any other debt solutions. We only provide advice after completing or receiving an initial fact find where the individual(s) concerned meets the criteria for an IVA, therefore, all advice is given in reasonable contemplation of an insolvency appointment.
* To qualify for debt write off in an IVA with us, you must have a minimum of £7,000 of qualifying unsecured debt owed to two or more creditors. The amount of debt write off is based on your own personal circumstances – typically this could be up to 85% of what you owe; and this has been achieved by over 10% of our customers who have successfully completed their IVA’s in the last 12 months. The amount of debt write off differs for each customer and is dependent upon their individual financial circumstances and subject to the approval of their creditors.
Andrew Bowers is authorised in the UK to act as Insolvency Practitioner by the Insolvency Practitioners Association.