IVA Company Coventry

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IVA Company Coventry: Debt Help Tailored to You

Welcome to IVA Company Coventry. We understand that seeking debt help can be overwhelming. Our tailored solutions, including Debt Management Plans, IVAs, DROs, and Bankruptcy, focus on long-term financial stability. Explore your options with us without judgment.

Make one affordable monthly payment to us and we’ll manage the payments to your creditors for you.

We deal with your lenders on your behalf, taking care of all the hassle and paperwork.

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How do I get started?

Answer a few quick questions

Use our easy online questionnaire to start the debt help process.

Speak to a debt specialist

Our friendly, experienced team will explain all the available options.

Choose your plan

Select the best solution for your circumstances and lifestyle.

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What debt are you most concerned about?

Credit Cards

Over Drafts

Unsecured Loans

Store Cards

Personal Loans

Utility Bills

Business Debt

Catalogues

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Advantages of a DMP

We will manage the contact with your creditors and provide them everything they need. So, as long as you keep in touch with us, your creditors shouldn’t need to contact you.

You will just make one monthly payment to us, instead of paying all of your creditors individually.

In the vast majority (99.48%) of cases, creditors will stop applying interest and charges, so the money you pay will come straight off the balance.

You will have an online account which you can use to view your account and make changes.

If your circumstances change, we will renegotiate the payments with your creditors.

Disadvantages of a DMP

Your creditors don’t have to agree to the repayment, or to freeze interest and charges.

A debt management plan doesn’t protect you from further recovery or legal action from your creditors.

Your credit rating will be impacted because you’ll be paying reduced amounts to each creditor. If you’ve been missing payments to your debts it is likely that your credit report will already have been impacted.

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IVA Company Coventry provides clear, informative content on bankruptcy as a debt solution in the UK. Bankruptcy is a legal process for individuals struggling with unmanageable debts. It is suitable for those with limited income and assets, offering a fresh financial start. However, the process involves selling assets to repay creditors and can affect credit scores for up to 6 years. Seeking professional advice is crucial to understand the implications and alternatives.

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IVA Company Coventry offers insight into Individual Voluntary Arrangements (IVAs) in the UK. An IVA is a formal agreement between you and creditors to repay debts over a set period. It’s suitable for those with significant debts and stable income. While it provides a way to clear debts, it may impact credit ratings. Seeking advice is key to making an informed decision.

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IVA Company Coventry outlines Debt Relief Orders (DROs) as a UK debt solution. DROs are suitable for individuals with low income, limited assets, and debts under £30,000. The process involves applying through an approved intermediary, leading to a 12-month moratorium period where debts are frozen. While it offers relief, a DRO can affect credit ratings. Seeking professional advice is essential to assess eligibility.

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IVA Company Coventry explains Debt Management Plans as a UK debt solution. A DMP helps individuals manage their debts by consolidating payments into one affordable monthly amount. It’s suitable for those with multiple debts and can freeze interest and charges. However, it may impact credit scores and require creditor approval. Seeking expert advice is recommended to explore this option.

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How does it work?

Let’s say you owe…

Debt Type	Amount
Bank Loan	£5,366.00
Gas Bills	£129.00
Pay Day Loan	£1,989.00
Overdraft	£1,234.68
Debt Collection Agency	£380.16
Short Term Loan	£243.88
Debt Collection Agency	£471.61
Council Debt	£1,009.24
Credit Card	£8,433.00

Total amount owed

£19,256.57

After an IVA

65%
debt written off

IVA Payments
£110
per month

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Example case completed in 2023. Repayment calculated using income and expenditure data. Monthly payments and write off percentages are based on individual circumstances.

IVA Company Coventry helps individuals in Coventry navigate debt solutions like IVAs, DMPs, and Bankruptcy. Find tailored support for your financial challenges.