Sometimes we can’t help everyone out with a payday loan and for those with severe money and debt problems there is Swift IVA.
Visit Swift IVA Today
If you have difficulty every month making unsecured loan payments and owe money to 2, 3 or more creditors, then Swift IVA may be able to help. There are a number of options available for people owing over £2,000 and their professional money and debt partners could help find the right solution for you, reducing the amount you have to repay each month, making your repayments more manageable and making your life a lot less stressful.
IVAs can help people who owe over £10,000 to 3 or more creditors and is usually in place for around 5 years or 60 months. An IVA can get up to 75% of your debts written off and is a legally binding agreement between the borrower and the creditors. An IVA is also used as an alternative to bankruptcy and can leave you debt free in 60 months. An IVA can negatively effect your credit rating as it is recorded on your credit file for up to 6 years after the completion of the IVA.
Another option to consider is a debt management plan where borrowers will need to have at least £2,000 of debt oweing to at least 2 creditors. A debt management plan will help reduce the stress and worry associated with your bills and agree an affordable amount to repay each month. The stress and hassle of dealing with creditors should also be removed as one payment will be made to the debt management provider each month who will distribute the payments on your behalf. Debt management professionals will try to negotiate the best repayment terms on your behalf and interest may also be frozen as part of the plan.
Application to speak with a debt professional takes just one minute where you will be given a call back to discuss your situation further.
