IVA Debt Consolidation Advice, Individual Voluntary Arrangements

Consolidate My Debt are debt solution experts part of the Money Advice Group offering debt management, debt consolidation and IVAs

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Consolidate My Debt offer IVA advice, IVA help, IVA information and IVA support.

Clear your debt in 60 Months with an IVA- Don't let the stress of debt ruin your life, Free yourself today with an IVA! One Affordable monthly payment usually for Five years.

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If you have a significant debt problem (normally over £15,000), you may be eligible to begin a legal process known as an Individual Voluntary Arrangement.

This means that your creditors accept a reduced offer of repayment to settle their debt. By entering into an IVA, your total debt repayments - including costs - Clear your debts in 60 months*

Payments are usually made over five years, after which the remainder of your debt is written off. During the repayment period, all interest and charges are frozen and you will receive no more correspondence from your creditors.

For further information on IVAs please do not hesitate in contacting us on free phone 0800 158 3654.

Individual Voluntary Arrangement definition

All interest and charges on your account are frozen.
Your account is administered by a fully qualified, licensed insolvency practitioner, who takes responsibility for liaising with your creditors and distributing funds on your behalf.
We can perform a confidential review of your circumstances to see whether you are eligible.
A legal process for UK residents (excluding Scotland) with a significant debt problem.
On agreement your creditors accept a reduced offer of repayment in full and final settlement of the debt.
Payments are normally made over a 5 year period, following which the remainder of your debt is written off.

*Debt write off applies only where an Individual Voluntary Arrangement is suitable, adhered to and at the end of 60 months. This relates to unsecured debts that were included with an IVA and does not include any secured debts, mortgages, HP or utility bills. Failure to adhere to an IVA can result in bankruptcy. An IVA will affect your credit rating for up to 72 months after the completion of your IVA. Fee payable - this is paid out of your month contributions to your IVA and will be notified to you in advance. Homeowners may be required to re-mortgage after 3 years. Alternative solutions such as debt management may be offered.

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