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IVA Milton Keynes

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.

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IVA Milton Keynes: Expert Help with Debt

Welcome to our debt solutions website! We understand the challenges of managing debt and offer tailored solutions like Debt Management Plans, IVAs, DROs, and bankruptcy. Explore your options with us for affordable and sustainable debt relief.

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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For individuals in the UK facing overwhelming debt, bankruptcy can be a viable solution to regain financial control. Bankruptcy allows you to write off unmanageable debts and make a fresh start. This process involves declaring yourself unable to pay your debts and involves the court appointing a trustee to manage your finances. While bankruptcy can provide relief from debt, it comes with consequences such as affecting your credit score, potentially losing assets, and restrictions on future borrowing for a period of time. It’s essential to seek professional advice to understand if bankruptcy is the right option for your situation, without judgment or stigma.

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An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors to repay debts over a fixed period, often five years. IVAs are suitable for those with stable incomes but struggling with debts they can’t repay in full. While an IVA can prevent legal action, it may impact your credit rating and require monthly payments. Seek professional advice to determine if an IVA is the best path for you, without judgment or bias.

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Debt Relief Orders (DROs) provide a route to debt relief for individuals in the UK with low income and minimal assets. A DRO freezes debts for 12 months, after which they are typically written off. While a DRO offers a fresh start, it may affect your credit rating and limit borrowing options. It’s crucial to consult with professionals to assess if a DRO is the right choice for you, without judgment or criticism.

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Debt Management Plans (DMPs) offer a structured way to repay debts in the UK. Suitable for those struggling with multiple debts but able to make affordable monthly payments, a DMP involves negotiating reduced payments with creditors. While a DMP can alleviate financial stress and simplify repayments, it may impact your credit score and take longer to clear debts. Seek expert advice to determine if a DMP is the best solution for your circumstances, without pressure or bias.

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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.

Expert debt solutions in Milton Keynes, tailored to your needs. Explore options like IVAs, DMPs, and bankruptcy for financial relief. Contact us for personalized advice.