deep in debt? get an IVA!
What’s an IVA? It’s an acronym for “Individual Voluntary Arrangement” and it is a legally binding agreement with your creditors. So, why should you get it? First, it will help you cut the amount you owe (usually by 50% which will make a huge difference!). Second, an IVA will freeze the interest you pay, and last, it will legally prevent creditors taking action against you. According to ClearDebt, you should think about getting an IVA when you owe more than £7,500. If you owe less than that, you can use debt consolidation or debt management (which ClearDebt also offers) to help you through.
There are many companies offering an IVA but ClearDebt is the most web-savvy of them all. They are the only IVA company that offers full online IVA applications which you can complete in 5 simple sections. Easy peasy! =) Another thing about ClearDebt: they don’t charge for advice! Plus they have this ClearDebt Analyser that shows you your best way out of debt - whether an IVA, debt management, debt consolidation or bankruptcy. The best thing about their tool? It’s FREE to use! And if you’re in debt, anything free sounds good right? Hehe! If you’re interested, just got their site and use their Analyser. God bless!
