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What are the benefits of a debt free IVA?

During an IVA agreement it is vary rare that you will be asked to sell your home and other major assets such as a car, holiday homes, etc unlike a bankruptcy proceeding.
With a Debtfree-iva.co.uk IVA you will be in a much better position to negotiate any agreed settlement or early payments in full with your creditors however if you were to opt for bankruptcy your assets in their entirety are completely at the mercy of the assigned magistrate should your proceedings come to court.
A Debtfree-iva.co.uk IVA can in some cases have up to 75% of your existing debts written off and there will be no more interest added, plus there will be no more threatening calls from your creditors.
With Debtfree-iva.co.uk we work with you and your creditors to negotiate an agreement so that you can pay what you can afford in the form of one simple, single monthly payment. After you have made the final scheduled payment with your Debtfree-iva.co.uk IVA you will be completely debt free!
Whilst you have a Debtfree-iva.co.uk IVA you are still allowed to run a current bank account and will have a much better chance of getting credit should you require it once IVA is completed.
With a Debtfree-iva.co.uk IVA there is no need to advertise in the newspapers, or notify your landlord or employers unlike with bankruptcy proceedings. An IVA won’t threaten your career as bankruptcy can in certain industries.

 

    

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it. For customers with previous credit problems the overall cost for comparison is 8.6% APR. The actual rate available will depend upon your circumstances. Please ask for a personalised illustration. Where consolidating other loans into one mortgage, this may increase the amount repaid overall and the term over which these loans are repaid.

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Debt Free IVA is a trading style of Smile Commercial Lending which introduces only to Smile Money Limited who is an Appointed Representative of Infinity Mortgages Limited which is Authorised and Regulated by the Financial Services Authority. FSA Number: 306581.Debt Free IVA will be paid a fee for introducing your mortgages and a typical fee is 20% of the fees earned by Smile Money Limited.

 

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