THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE
REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

How we can help you:


Informal repayment arrangement
Formal repayment arrangement
Alternative credit solutions

An Informal repayment arrangement is an INFORMAL arrangement without any legal obligation on either side. This means that your involvement is strictly done on a voluntary basis and one you will undertake (with our help) yourselves.

A Formal repayment arrangement is normally referred to as an IVA (Individual Voluntary Arrangement) which was introduced to offer a formal and legally binding agreement for debt repayment without the stigma of a bankruptcy action.

An IVA is mainly suitable for individuals who are in obviously in debt and unable to repay those debts, but wish to avoid being declared a bankrupt or indeed to lose their assets.

Once an IVA is in place, it should:
  1. Protect you from the effect of bankruptcy
  2. Prevent any further legal action
  3. Stop Creditors and Collection Agencies contacting you
  4. The repayment plan should last no more than 5 years
    and help to re-establish some form of positive credit rating.