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There are numerous resources available for UK borrowers seeking debt assistance. From essential budgeting tips to comprehensive literature on various debt solutions, the information is vast. However, with the rise of misinformation, including the often-discussed “IVA loophole,” it’s crucial to discern fact from fiction. Before diving into any debt arrangement, it’s imperative to understand its […]

If you are struggling with debt, the best way to deal with your financial circumstances is to act now – or your debt problem could get worse. An Individual Voluntary Arrangement (IVA) is one way to help you get out of debt and pay back the creditors to whom you owe money. We often get

Individual voluntary arrangements are legally binding agreements between borrowers and their creditors. When people enter an IVA, they agree to pay all or part of their debt back to their creditors at an affordable rate over a fixed duration of time, usually five years. After this time period, the remaining debt is written off.  Individual

Struggling with high debts? If you owe £6,000 or more to your creditors and have been lagging on your repayment schedule, an IVA might be the right formal debt solution for you. But how do you know if IVA would work for you? To make an informed decision about your financial situation, you must develop