IVA Yorkshire

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Expert Debt Help from IVA Yorkshire

Welcome to IVA Yorkshire, where we offer tailored debt solutions to help you achieve financial stability. We understand that seeking debt help can be overwhelming, and we are here to guide you through the process. Our range of services includes Debt Management Plans, Individual Voluntary Arrangements, Debt Relief Orders, and Bankruptcy, all designed to suit your unique financial situation. Take the first step towards a debt-free future by exploring your options with us today.

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 Yorkshire provides clear and concise information on bankruptcy as a debt solution in the UK. Bankruptcy is a legal process for individuals who are unable to repay their debts. It is suitable for those with overwhelming debt and no means to repay. The process involves declaring bankruptcy, which can lead to the sale of assets to repay creditors. While it offers a fresh start, bankruptcy can have long-term implications on credit scores, assets, and future borrowing. It is essential to seek professional advice to understand the implications fully.

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IVA Yorkshire provides comprehensive information on Individual Voluntary Arrangements (IVAs) as a debt solution in the UK. An IVA is suitable for individuals with significant debts who can afford monthly repayments. It offers a formal agreement with creditors to repay a portion of the debt over a fixed period. While it provides protection from creditors and debt write-off upon completion, an IVA can impact credit ratings and borrowing. Seeking professional advice is essential to determine if an IVA is the right choice for you.

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IVA Yorkshire explains Debt Relief Orders (DROs) as a debt solution for individuals in the UK. A DRO is suitable for those with low income, minimal assets, and debts below a certain threshold. It freezes debts for 12 months, providing relief from creditor pressure. While it offers a fresh start, there are limitations on future borrowing and asset ownership. Seeking professional advice is crucial to determine if a DRO is the right solution for individual circumstances.

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IVA Yorkshire offers insights into Debt Management Plans (DMPs) as a debt solution in the UK. A DMP is suitable for individuals struggling with multiple debts but can afford to make reduced monthly payments. It involves negotiating with creditors to agree on a manageable payment plan. While it helps in reducing stress and consolidating debts, it may affect credit scores and borrowing ability. It is crucial to seek professional advice to explore DMP as a viable solution to manage debts effectively.

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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 Yorkshire in Location offers expert guidance on debt solutions, including IVAs, DMPs, and DROs. Find tailored solutions to manage debts effectively and achieve financial stability.