IVA Company Portsmouth

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IVA Company Portsmouth – Debt Help for UK Individuals

IVA Company Portsmouth welcomes you to explore tailored debt solutions in the UK. We understand the challenges of managing debt and offer supportive, non-judgmental advice. Our range of services, including DMPs, IVAs, DROs, and bankruptcy, focus on your financial stability and affordability. Seek professional guidance to navigate your debt journey with confidence.

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 Portsmouth provides clear and comprehensive information on bankruptcy as a debt solution in the UK. Bankruptcy is a legal procedure for individuals unable to pay their debts, offering a fresh financial start. It is suitable for those with significant debt and no feasible repayment options. The process involves declaring bankruptcy, appointing a trustee to manage assets, and adhering to restrictions on spending. Pros include debt write-off and relief from creditor harassment, while cons involve potential asset loss and credit score impact. Bankruptcy affects credit scores negatively, making borrowing challenging in the future. However, it can provide a path to financial stability. Seek professional advice from IVA Company Portsmouth to explore bankruptcy without judgment.

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IVA Company Portsmouth provides insightful information on Individual Voluntary Arrangements (IVAs) as a debt solution in the UK. An IVA is a legally binding agreement between a debtor and creditors, offering a structured repayment plan. Suitable for those with unmanageable debt, an IVA can lead to debt write-off after successful completion. Monthly payments are based on affordability, and assets are protected. An IVA affects credit ratings but provides a clear path to debt relief. Seek professional advice from IVA Company Portsmouth to explore IVAs as a viable solution without pressure.

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IVA Company Portsmouth educates on Debt Relief Orders (DROs) as a debt solution in the UK. A DRO is for individuals with low income, minimal assets, and debts below a specified threshold. It provides a fresh start by freezing debts for 12 months, after which they may be written off. Eligibility criteria are strict, but a DRO offers relief from unmanageable debts. Pros include debt write-off and a quick, affordable process. Cons involve restrictions on financial activities and credit score impact. IVA Company Portsmouth encourages exploring DROs with professional advice to assess suitability without judgment.

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IVA Company Portsmouth explains Debt Management Plans (DMPs) as a debt solution tailored to individuals in the UK. A DMP is a voluntary agreement between a debtor and creditors to repay debts at an affordable rate. Suitable for those with manageable debt levels, a DMP simplifies payments and reduces stress. Benefits include reduced monthly payments and interest freezes, while drawbacks may involve extended repayment periods. A DMP impacts credit scores but offers a structured approach to debt repayment. IVA Company Portsmouth encourages seeking professional advice to discuss DMP suitability and understand the process without pressure.

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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 Portsmouth offers tailored debt solutions in the UK, including IVAs, DMPs, and bankruptcy. Seek professional advice for a fresh financial start. Serving Portsmouth and surrounding areas.