Can’t Get a Payday Loan?
Payday loans are only meant to be used as a short term fix to short term financial needs such as paying for MOT work or emergency dental treatment where waiting for your next pay cheque just won’t do. Unfortunately some people experiencing long term financial difficulty also apply for payday loans and often get thier application rejected.
Juggling your Debts? Get an IVA!
If you find yourself juggling loans and debts and are repaying more than you can afford then maybe the way to go is with an IVA or individual voluntary agreement. IVA’s are a government backed scheme aimed to help people in serious financial difficulty get back on track and debt free within usually 60 months or 5 years.
- Get debt free in 60 months
- Freeze all interest and charges on your debts
- Get up to 75% of your debt written off
- Avoid bankruptcy
- All direct contact such as phone calls and letter demands stopped
Not everyone can apply for an IVA and your creditors also have to agree to the arrangement. Creditors benefit from this too as they no longer need to chase their debts and can at least recover a percentage of the total owed to them. IVAs only cover unsecured debts totaling over £15,000 and this must be from 3 or more different creditors – UK citizens only.
See : Swift IVA Rules for more on qualifying rules for an IVA.
Apply for an Swift IVA Today.
