- Write off all the debts you can't afford
- Prevent or stop legal action - including bankruptcy
- Government legislation that helps you clear debts in 60 months
- One lower affordable monthly payment
Sort My Debts Out are fully licensed Insolvency Practitioners. We offer Individual Voluntary Arrangements (IVAs) which act as a legally binding agreement between you and your creditors. An IVA could be your best solution if you have a substantial amount of unsecured debt (usually over £15,000).
In setting up an IVA you agree with your creditors to pay only what you can afford. There's no uncertainty, so the figure you agree is the figure you pay. Whilst the IVA is in place we handle all the contact with your creditors allowing you to relax knowing all this is taken care of.
Benefits of an IVA
- When the IVA is completed any unpaid debt is written off
- Frozen interest payments and charges and an agreed affordable monthly payment
- You know what you have to pay each month and for how long
- Protection from action by creditors or debt collectors
- No public notices
Find a solution to your debt problems today!
Living in Scotland? Click here
For IVA Frequently Asked Questions click here
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