IVA Company Stoke

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Expert Debt Help from IVA Company Stoke

Welcome to IVA Company Stoke, where we offer tailored debt solutions to individuals in the UK. We understand the challenges of managing debt and are here to provide support without judgment. Our range of services, including Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, are designed to help you achieve financial stability. Explore your options with us today 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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If you are struggling with overwhelming debt in the UK, bankruptcy may be a viable solution. Bankruptcy is a legal process that allows individuals to be discharged from most debts they cannot repay. It is suitable for those with unmanageable debt and no realistic way to repay creditors. The process involves declaring bankruptcy, which may involve selling assets, and the debts are written off. However, there are drawbacks, such as affecting credit scores for up to six years, potential loss of assets, and restrictions on future borrowing. It’s crucial to seek professional advice tailored to UK laws before proceeding with bankruptcy to understand all implications and explore alternative options. Remember, seeking help is a step towards financial freedom.

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Considering an Individual Voluntary Arrangement (IVA) in the UK? An IVA is a formal agreement between you and your creditors to repay debts over a set period. It is suitable for individuals with stable income looking to avoid bankruptcy. The benefits include freezing interest and charges, writing off a portion of the debts, and protection from creditors. However, an IVA may impact your credit rating and borrowing options. Seek professional advice to determine if an IVA aligns with your financial goals and circumstances. Remember, there is help available to guide you through the process.

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If you are in the UK and facing severe financial difficulties, a Debt Relief Order (DRO) could provide the relief you need. A DRO is a formal insolvency process suitable for individuals with low income, minimal assets, and debts below a specific threshold. The advantages include a 12-month moratorium period where creditors cannot pursue debts, and at the end, the debts included in the DRO are written off. However, there are limitations, such as restrictions on obtaining credit during the DRO period. Seeking professional advice tailored to UK regulations is crucial to determine if a DRO is the right solution for your situation. Remember, there is support available to help you navigate through challenging times.

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Looking for a structured way to manage your debts in the UK? A Debt Management Plan (DMP) might be the answer. A DMP is a flexible arrangement to repay debts in manageable monthly installments. It is suitable for individuals struggling with multiple debts and seeking to avoid bankruptcy. The benefits include reduced monthly payments, freezing interest and charges, and avoiding legal action from creditors. However, drawbacks may include a negative impact on credit scores and extended repayment periods. Seeking professional debt advice is essential to determine if a DMP is the right solution for your circumstances. Explore your options today and take the first step towards financial stability.

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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 Stoke offers tailored debt solutions in the UK. Explore options like Debt Management Plans, IVAs, and Debt Relief Orders with expert advice. Location: Stoke.