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IVA Company Exeter

Speak to an expert to discover all the debt solutions available to you.

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Safe, secure & confidential

Advice is free but fees and disadvantages may apply if you enter a debt help solution.
May not be suitable for all.

Help also available at MoneyHelper

IVA Company Exeter – Debt Help Assistance

IVA Company Exeter

Welcome to our debt solutions website, where we offer tailored assistance to help you manage your financial challenges. We understand that seeking debt help can be overwhelming, but our range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, are designed to provide affordable and sustainable solutions. Explore your options with us and take the first step towards a debt-free future.

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 Exeter

Bankruptcy is a legal process where individuals in the UK can declare they are unable to pay their debts. It is suitable for those with overwhelming debts and no realistic way to repay them. The process involves declaring bankruptcy, which can have implications on your assets and credit score. While it provides relief from debt, it comes with consequences such as restrictions on borrowing and potential asset liquidation. It’s essential to seek professional advice to understand if bankruptcy is the right option for your situation.

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IVA Company Exeter

An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors to repay your debts over a set period. It is a viable debt solution for individuals in the UK struggling with unmanageable debt. Through an IVA, you can make affordable monthly payments, and any remaining debt is written off after successful completion. While it may affect your credit rating, an IVA offers a structured path to financial stability. Seek professional advice to determine if an IVA is the right choice for you.

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IVA Company Exeter

Debt Relief Orders (DROs) are a debt solution tailored to individuals in the UK who have low income, minimal assets, and debts they cannot repay. This insolvency option freezes debts for a year, providing relief from creditor pressure. While it offers a fresh start after the 12-month period, there are limitations to the amount of debt and assets allowed. It’s important to seek professional advice to determine if a DRO is the best path for your financial situation.

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IVA Company Exeter

A Debt Management Plan (DMP) is a structured repayment plan that helps individuals in the UK manage their debts. It is suitable for those struggling to meet their debt obligations but can afford to make reduced monthly payments. Through a DMP, creditors agree to accept lower payments, and interest charges may be frozen. While it can positively impact credit scores in the long run, it’s essential to be aware of the drawbacks, such as extended repayment periods. Seeking professional advice is crucial to explore if a DMP is the right solution for you.

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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 Exeter – Providing tailored debt solutions in Exeter. Explore options like IVAs, DMPs, and more for effective debt management. Contact us today for expert advice.