Debts in the News
Consumer financial health 'remains generally weak'
Consumers in the UK may be best advised to seek debt management help as the financial health of British citizens remains generally weak, new figures have suggested. [more...]

Holidaymakers risking money troubles by packing electronic kit?
British holidaymakers may be placing themselves at risk of significant monetary loss by not adequately insuring the items they take away with them, new figures have suggested. [more...]

Tenants 'may require debt help to pay rents'
A number of tenants may need debt help to enable them to pay their rents, new research has suggested. [more...]

Debt fears to heighten as double-dip recession looms?
There are still fears Britain may be dragged into a double dip recession - meaning debt fears among consumers could soon rise. [more...]

IVA Question


Can my arrangement be brought to an early conclusion?


Yes, a meeting of your creditors can be convened to offer a sum of money in full and final settlement of your obligations under the IVA. The sum of money could be raised by:
  1. Re-mortgaging your property.
  2. Funds from a relative or other third party.
  3. Cashing in life insurance policies (Subject to you obtaining expert investment advice).

Creditors are likely to agree to accept a lump sum to bring the arrangement to an early end if you can show that you are paying creditors as much as you can afford.

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