For many Britons, an IVA debt plan is the saving grace they’ve been hoping for while clambering to afford several overwhelming expenses. An IVA is an individual voluntary arrangement that can help you write off debt. This agreement between you and your various creditors states that you’ll pay all your debts via an insolvency practitioner who divides the money you pay between your creditors. The insolvency practitioner usually negotiates lower debts to make the process more affordable. An IVA debt plan is a legally binding agreement.
When you find yourself over-indebted and scrambling to make ends meet, seeking professional IVA debt advice is better than making haphazard financial decisions. Getting help with debt is a process that may enable you to write off debt in some instances, or it may involve restructuring your debt so that it’s easier to manage and pay off. The average IVA debt write off can provide debt help with several expenses, including personal loans, credit card debt, council tax, and store cards.
Best IVA Debt Help Services UK - (Editor’s Picks)
- Viva Debt Help: Best Platform to Connect with Third-Party IVA Debt Write Off Experts
- 123 Debt Fix: Best Place for the Over-Indebted to Get Connected to Third-Party Debt Relief Order or IVA Offers
- Help My Debts Pro: Best Platform to Gather Business Debt Advice UK
- Debt Nurse: Best Debt Advice Service Directing Individuals with Credit Card Debt, Payday Loans Debt, Income Tax Debt, and Unsecured Debt to Best-Suited Third-Party IVA Debt Experts
Best IVA Debt Help Advisors of 2023 in UK - Full Reviews (Editor’s Picks)
Viva Debt Help: Best Platform to Connect with Third-Party IVA Debt Write Off Experts
The last thing you want to do is make a mistake when deciding on a debt relief plan. As the average Briton, we focus on living and surviving the day-to-day. It’s the IVA debt write off experts that know what’s needed to get out of crippling debt. With the help of Viva Debt Help, you can connect with the right UK debt relief experts to be advised on the best debt relief options available to you and make an educated decision.
Highlights of IVA Debt Write Off via Viva Debt Help
- Quick applications
- Highly recommended IVA debt write off professionals available
- No obligation advice
- No industry jargon – just the facts
- Get help getting back on your feet
Pros of Using Viva Debt Help for IVA Debt Write Off Advice
- Put an end to stressful calls from creditors
- Take control of your financial situation
- Find workable solutions
Cons of IVA Debt Write Off via Viva Debt Help
Not all creditors may agree to the IVA
123 Debt Fix: Best Place to Get Connected to Third-Party Debt Relief Order or IVA Offers
When you feel like you’re drowning in debt and there’s no way out, stop and take a breath. There may be options available to you, and 123 Debt Fix will help you find them. While 123 Debt Relief doesn’t provide debt relief advice or offer debt relief orders or IVA solutions, it does connect over-indebted individuals with third-party debt relief order or IVA offer providers in the UK. In addition, a professional FCA-approved debt relief advice provider can contact you by completing one quick application.
Highlights of Getting a Debt Relief Order or IVA via 123 Debt Fix
- Get access to accredited debt advisors in the UK
- Save time with quick processing
- 100% discretion throughout the process
- Freeze interest and fees
- Peace of mind that you’re making an educated decision
Pros of a Debt Relief Order or IVA via 123 Debt Fix
- You’ll be relieved of monthly financial stress
- The debt advisor will negotiate with creditors on your behalf
- The debt you repay will possibly be reduced
Cons of a Debt Relief Order of IVA via 123 Debt Fix
It might be hard to get credit after you’ve had a debt relief order or IVA
Help My Debts Pro: Best Platform to Gather Business Debt Advice UK
If your business is in debt and you need some advice on the best debt relief options, you can use the Help My Debts Pro platform to connect with FCA-approved providers of business debt advice. The Help My Debts Pro platform requires you to fill out a simple form detailing your debt and providing your personal details. On submitting the form, you’ll be providing consent to refer you to some of the best business debt advice UK providers. They’ll then reach out to you to discuss your specific situation and advise you on the most viable routes to take.
Highlights of Gathering Business Debt Advice UK via Help My Debts Pro
- Get practical debt relief advice that pertains to businesses
- Deal with accredited and approved debt advisors only
- Reduce your overall debt amount
- Get your business on better footing with creditors
- Waste less time stressing over finances
Pros of Business Debt Advice UK via Help My Debts Pro
- No obligation advice
- Simple solutions that relieve debt stress
- Step-by-step guidance throughout the process
Cons of Business Debt Advice UK via Help My Debts Pro
Your creditors may not agree to reduce your debt
Debt Nurse: Best Debt Advice Service Directing Individuals with Credit Card Debt, Payday Loans Debt, Income Tax Debt, and Unsecured Debt to Best-Suited Third-Party IVA Debt Experts
When it comes to getting the best debt advice you can, only a professional FCA-approved and regulated IVA debt expert will do. With the help of IVA debt experts, you can expect to gather the best advice for reducing and better managing your credit card debt, payday loan debt, income tax debt, and unsecured debt. But how do you find the right IVA debt experts to help you? Using Debt Nurse, you can connect with leading experts in debt relief solutions.
Highlights of Debt Nurse’s Debt Advice Service Directing Individuals to Third-Party IVA Debt Experts
- Connect with the right IVA debt experts
- Don’t waste time looking into fruitless offers
- Gather factual advice to base your financial decisions on
- Get help minimising your overall debt
- Debt relief advisors can help freeze interest and fees
Pros of Debt Nurse’s Debt Advice Service Directing Individuals to Third-Party IVA Debt Experts
- Get access to quick IVA debt options
- Start working towards financial freedom immediately
- Expect transparency and professionalism
Cons of Debt Nurse’s Debt Advice Service Directing Individuals to Third-Party IVA Debt Experts
Some creditors may not be open to negotiation on your debts
How Did We Choose the Best Platforms to Provide Help with Debt in the UK?
We looked for platforms that:
- Quickly connect over-indebted individuals with reputable and registered debt advisors.
- Simple application systems.
- Easy-to-use websites that provide clear instructions and avoid confusing industry jargon.
- Platforms that only partner with FCA-approved and regulated debt relief advisors.
Types of Debt Help UK
Individual Voluntary Arrangements
This is for those who don’t want to declare bankruptcy. A debt advisor will negotiate lower debts with your creditors; if they agree, you can pay off your debts in smaller monthly payments managed for you.
Debt Management Plans UK
A debt management plan can include multiple strategies to help you reduce debt and better manage your monthly expenses. This can include consolidation loans, consolidation credit cards, refinancing and similar.
Debt Relief Orders UK
Debt relief orders provide a way to put your monthly expenses on hold for 12 months. Then, if your financial situation changes, you can contribute towards your debt. If it doesn’t, you can take the next step towards a debt write off.
What Is An IVA Debt & How Does It Work?
agreement stipulates that you will pay all or a portion of your debts. You must make regular payments to your chosen insolvency practitioner (debt advisor), who divides the money between the creditors. IVAs provide individuals with more control over their assets than bankruptcy does.
Expected Features & Factors When You Write Off Debt UK
How to Write Off Debt: No Obligation Advice
The advice provided on how to write off debt is no obligation.
How to Write Off Debt Off: Freeze Interest and Charges
When you set a debt relief order or IVA in place, the debt advisor or insolvency practitioner will help with freezing interest and charges associated with your existing debt.
Credit Card Help Debt Write Off
In some instances, a consolidation credit card can be used to help reduce and pay down debt.
Debt Consolidation Help
Debt consolidation is the process of combining all of your debts and then taking out a long-term low-interest loan to pay the debt off in full and then only having to manage one set, affordable instalment each month.
Paying off Debt Help: What Is Covered With IVA Debt UK?
An IVA can be used to cover debts including credit cards, personal loans, store accounts, council tax, and more.
Help to Manage Debt: Costs of an IVA Debt
The IVA will come with a facilitator fee, a percentage of the managed money. It can vary from one IVA facilitator to the next but is generally between 15% to 18% of the total money being paid back.
Help with Paying Off Debt: How to Request Help with Debt – 3 Steps to Write Off Debt UK
You can follow these steps on the Viva Debt Help website.
Step 1: Complete the No Obligation Online Help with Debt Management Form
The online help with debt management form is easily accessed and takes moments to complete.
Step 2: Receive a Phone Call from a Qualified FCA Approved Debt Advisor to Discuss Bad Debt Write Off
An FCA-approved and regulated advisor will discuss how a bad debt write off works and how you can write off debt after 6 years effectively. They will help you determine the best course of action.
Step 3: Get Advice on Debt Consolidation and Find a Suitable Solution to Help You Reduce Your Debts
Advice will be provided on all debt relief options available, including debt consolidation. Of course, you’re not obligated to go with any of the provided solutions, but if you do, the advisor will assist you with every step.
What Does Debt Consolidation Advice Entail?
Getting debt consolidation loans and advice and going with it will mean that your small debts, including credit card bills, loan payments, and store accounts, are rolled into a single monthly payment instead of making multiple small payments each month.
Advice on Debt Management Plans and How They Work in the UK?
A debt management plan in the UK has a simple format. Debt management plans are usually agreements set in place with creditors because you can only afford to pay a small amount to them each month. Or, you’re currently in a bad financial situation but will be able to resume debt payments in a few months. This means you’ll be given lower instalments or a breather until your financial situation improves.
I Need Debt Help and Advice: How Can I Get Out of Debt with No Money and Bad Credit?
If you don’t have sufficient money to cover your debts, there are still several options that you could turn to.
Who Should I Contact if I Need Money Debt Advice?
The platforms we have reviewed above are not debt advisors, but by completing their simple application forms, they can connect you with leading IVA debt advice and money debt advice professionals who are FCA-approved and regulated.
Do I Need to Go to a Professional for IVA Debt UK Advice?
You will need an insolvency practitioner to set up the IVA debt UK plan for you. When you use the Reform Debt Solutions Platform, you can input your details and debt information once and connect with insolvency practitioners who can assist you.
Is it Best to Seek Out Debt Advice Before Declaring Bankruptcy?
It's a good idea to talk to a debt advisor for no-obligation advice before you declare bankruptcy. You may find better and more affordable options by obtaining debt advice first.
Is it Possible to Write Off Debt 100% in the UK?
It is possible to legally write off some or all of your debt if you enter into a debt solution that both you and your creditors agree to. That said, in some instances, you may be unable to write off 100% of your debt.
If you’re looking for a way to connect with leading debt advisors and insolvency practitioners that are FCA-approved and regulated, visit the Viva Debt Help platform and fill in the quick application form today to speak to a friendly advisor.
Disclaimer: All debt solutions should be very carefully considered. The websites advertised in this paid promotion do not provide debt advice. If you complete the form and provide permission to be referred, they will pass your details onto a regulated debt advice solution provider. All the partners they use are regulated by the Financial Conduct Authority to provide debt counselling. The websites advertised work exclusively with trusted debt solution providers. If you proceed with one of their solution options, they may receive a fee for introducing you to them. The websites advertised are lead generation companies who pass your details onto third parties in order to help you with your debt solution.