The Debt People
Financial Services in Sale, Greater Manchester
Recent years have been tough financially for many people across the country. Individual debt is at record levels and the reality is that solutions like IVA's and Debt Management Plans are becoming a much more popular way to get out of debt. An IVA can in certain circumstances write off several of your debt, meaning you pay back what you can afford. It should be noted that an IVA will affect your credit rating, however, as an alternative to bankruptcy, an IVA is a much better solution for you and your family.
Contact Details
From Website
The Debt People
read moreDiscuss your situation, and your income and expenditure, with one of our team to help us clarify whether you meet the IVA criteria. If you're eligible for an IVA and decide to proceed with our help, we'll contact your creditors to let them know. If you don't qualify for an IVA, we'll let you know where you can go to find other help. Once on an IVA you'll make one affordable payment to us each month. We'll make dividend payments to your creditors in line with the terms and conditions of your IVA.
About Us
read moreAn IVA is a legally binding agreement between you and your creditors. You agree an affordable payment plan for a set period of time - usually 5 or 6 years. Your case is set up and administered by a licensed Insolvency Practitioner and interest and charges are frozen. Your circumstances are reviewed annually and after your IVA is concluded any remaining debt will be written off. Your credit file could be affected for 6 years. You make a monthly payment to the IVA and your Insolvency Practitioner (Supervisor) distributes it to your creditors, This removes the need for you to contact your creditors.
- Get free estimates
- No obligation, no pressure
- Save time and money
Similar Businesses
