Make Use Of Debt Management Plan!

By Author: Sadhana Dhanyal
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A debt management plan helps you settle your various debts into one single loan. As the monthly instalments paid are affordable now, you end up paying off your debt on time. If you are consistent with paying off your debt consolidation loan, over the next couple of years, your credit rating could well be back to normal.

A team of financial experts is available round the clock to offer you the best debt management program, in order to provide best solution to all your loan related problems from a team of expert debt management advice. Any queries that you have, relating to our site or debt management, get back to us and we will help you out.

You can make use of an IVA as a true alternative to bankruptcy!

Avoid bankruptcy with a sound alternative such as an IVA. Individual Voluntary Arrangement averts public embarrassment. No details are made public. Consider IVA and gain a breather for a better financial state.

What is IVA?

IVA an agreement is worked out between you and your creditor, wherein you agree to pay them back as much as you can within a period of not more than 5 years (60 months)

Advantages ...
... of Individual Voluntary Arrangements:

There are several advantages that you can have from such an arrangement.

First of all, your creditor agrees to wipe off up to 95% of your debt. They are also unable to contact you, by letter or telephone, for instance, or take any further action against you. Your interest will be frozen and no charges will be put against any of your accounts, either. Some of the debt types that can be dealt with by an IVA are unsecured loans, council tax arrears, Inland Revenue, business rates, personal loans to friends and family. You cannot deal with secured or homeowner loans through this method.

Unlike bankruptcy, details of an Individual Voluntary Arrangements are not openly published anywhere, it is a confidential arrangement between you and your creditors. Employers and landlords are not informed.

An Individual Voluntary Arrangements will achieve the following:

One reduced monthly payment to your creditors
A court order will stop any legal action by your
creditors
Telephone calls and letter from your creditors will stop.
Interest and charges are stopped, so the spiral of debt is halted
Fixed repayment method (normally 5 years) at the end of which all of your debts are discharged (any unpaid balances are written off), giving you 'light at the end of the tunnel'
All unsecured creditors to whom this proposal is sent, are bound by the arrangement, even if they do not agree to the proposal, providing that 75% of your remaining creditors in value agree to the proposal.
The I.V.A. is not advertised or notified to your employer.

Sadhana Dhanyal,content developer.For more information: Credit Card Debt


Get more information on: Unsecured Consolidation Loan