IVA

An IVA (Individual Voluntary Arrangement) can be an extremely good solution to solve serious debt problems of £15,000 and above, leaving you completely debt free in the shortest time possible normally no more than 60 months even for the largest of debts. It could greatly lower your monthly repayments, stop those irritating and stressful demands from your creditors and freeze the interest and other charges on your unsecured debt. What's more, once the IVA has run its term and successfully been completed, any remaining debt will be written off completely.

With a Credit Wizard IVA you could

• Make one creditor approved and agreed affordable, low monthly payment

• Write off all the debt you can't afford to repay sometimes 75% or more of what you owe

• Stop all demands from your creditors and freeze all interest rates and charges with your creditors blessing

• Benefit from a solution to debt that's backed by government legislation and backed by court order to your creditors

• Have a fixed date when you know with complete certainty you'll be debt free,  usually within five years

So Then How do I get an IVA?

Because an IVA is a legally binding agreement for both you and your creditors, it can only be administrated by a licensed Insolvency Practitioner. They will only recommend you for an IVA solution if it is right for your financial circumstances. So you know if you are approved for an IVA it has to be the correct course of action
Your suitability for an IVA will be assessed by the Insolvency Practitioner  and he will draw up a plan based on your own circumstances, what you owe what you earn and most importantly what you can reasonably afford to repay to your debts each month, This plan is then submitted to each of your creditors.
Your creditors will then have the chance to vote on whether or not they wish to accept your IVA  offer and, if the majority (creditors holding 75% of the debt value or more) agree, your IVA will be approved and go ahead.

Why choose a Credit Wizard IVA?

With many years of experience in providing IVA and other debt solutions, The Credit Wizard enjoys a tremendously high IVA approval rate; we have been doing this for a long time and really know our market. Our relationships with creditors are second to none, combined with our expert knowledge of the legal approval criteria and our comprehensive range of available debt solutions this means that we will only ever recommend an IVA if we truly believe it will be accepted by your creditors and provide the debt solution that you are looking for.

Call The Credit Wizard IVA experts for free advice today

The Credit Wizard has helped many, many people with completely free debt advice the widest range of financial and debt solutions including IVAs.
When you call us , an IVA expert will discuss and make a complete review your financial situation, in complete confidence and absolutely without any obligation or pressure, so that they can assess your suitability for an IVA or alternatively recommend an alternative solution if an IVA is not the best advice for your own set of circumstances.

We give completely impartial advice that you can count on

As each client’s circumstances are so different, The Credit Wizard offers a complete range of financial and debt management products, designed to tackle different levels debt requirements and client circumstances. You can be completely assured that whenever you call us, we will always discuss your circumstances fully with you and provide free, impartial advice on what solution provides the best option for your individual situation. We will only ever recommend an IVA if we believe an IVAt is the best solution for you your family and your money.