Debt Advisory Centre are fully licensed Insolvency Practitioners. We offer Individual Voluntary Arrangements (IVAs) which act as a legally binding agreement between you and your creditors. An IVA could be your best solution if you have a substantial amount of unsecured debt (usually over £15,000).
Benefits of an IVA:
- Paying off unsecured debts (in normally) in 5 years
- Have one repayment tailored to your circumstances
- Potentially freeze interest and charges
- Deal with your creditors on your behalf
Who do we help?
We can help people from all walks of life - anyone can
fall into debt. Losing a job or a business, divorce, illness, starting a family or simply over commitment can all make
debts get out of control.
Key facts:
What fees are involved?
Depending on your situation, you may be advised to enter a specific debt solution. If you do, fees will be charged. As one of the longest-established debt solution providers in the UK we always strive to offer our customers an excellent service together with ensuring our fees remain competitive. Click here for more on our fees.
Will my credit rating be affected?
Yes - your ability to obtain credit will be affected for 6 years.
What if I change my mind?
You are under no obligation to enter a debt solution. If you choose to - and then change your mind - you have the right to cancel the agreement at any point during the first 14 days.
To find out more call us on: 0800 970 7724
Subject to eligibility and conditions. Repaying debt over a longer period may increase the total amount to be repaid but alternative solutions may be offered. Debt write-off applies to unsecured debts only on completion of an Individual Voluntary Arrangement. Fees are payable and homeowners may be required to remortgage during the term. Calls may be recorded. |
