IVA Company Northampton

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May not be suitable for all.

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Welcome to IVA Company Northampton, where we understand the challenges of managing debt. Our tailored solutions, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, aim to provide you with affordable and sustainable ways to regain financial stability. We’re here to support you without judgment, so take the first step towards a debt-free life by exploring your options with us.

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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If you are considering bankruptcy as a debt solution in the UK, it’s essential to understand the process and implications. Bankruptcy is a legal status that declares you unable to repay your debts, providing a fresh start financially. It may be suitable for individuals with overwhelming debt and no other viable options. The process involves applying to the court, appointing a trustee to manage your assets, and making monthly payments if you can afford them. While bankruptcy can relieve you of unmanageable debt, it has consequences, including a negative impact on your credit score, potential loss of assets, and restrictions on future borrowing. If you are considering bankruptcy, it’s crucial to seek professional advice to understand how it applies to your situation without judgment.

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Individual Voluntary Arrangements (IVAs) are a formal agreement between you and your creditors in the UK to repay debts over a fixed period. Suitable for individuals with stable income but struggling with unmanageable debt, an IVA can offer relief while protecting your assets. Monthly payments are based on what you can afford, and debts may be written off after completion. While an IVA can impact your credit score, it provides a structured path to becoming debt-free. If you are considering an IVA, seek professional advice to determine if it’s the right solution for you.

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Debt Relief Orders (DROs) are designed to help individuals in the UK with low income and minimal assets overcome debt. If you qualify, a DRO can freeze your debts for 12 months, after which they may be written off if your financial situation hasn’t improved. While a DRO can offer a fresh start, it comes with limitations, such as restrictions on borrowing and potential impact on credit ratings. If you believe a DRO is the right solution for your debt situation, seek professional guidance to navigate the application process.

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Debt Management Plans (DMPs) offer a structured way to repay your debts in the UK. Tailored to individuals struggling with multiple debts, a DMP involves consolidating payments into one affordable monthly amount. It can be suitable for those with regular income looking to take control of their finances. Through a DMP, you negotiate reduced payments with creditors, helping to clear debts over time. While it can provide relief from overwhelming debt, a DMP may impact your credit score and involve fees for the service. If you are considering a DMP, seek professional advice to explore your options without judgment.

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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 Northampton offers tailored debt solutions in the UK. From Debt Management Plans to Bankruptcy, we provide expert advice to help you manage debt effectively. Visit us today.