Items tagged with: IVA

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How long does debt stay on your credit report in the UK?

5 September 2021
Unsecured debt remains on your credit report while it is current. Once it's settled, records remain there for six years.... read more »

How much debt do you have to be in to go bankrupt?

30 August 2021
There's no figure set in stone for people who want to go bankrupt. It depends on your circumstances.... read more »

Bankruptcy Laws in England and Wales

20 August 2021
Click here to find out more about how the bankruptcy laws in England and Wales could affect you.... read more »

Guide to debt collectors and bailiffs

3 August 2021

If you're looking for help and advice on how to deal with debt collectors and bailiffs, our guide could give you the answers you need.

... read more »

10% decrease in individual insolvencies in England and Wales

3 August 2021
New figures from The Insolvency Service reveal that - compared with the second quarter (Q2) of 2011 - individual insolvencies are down 10.2%. In total, there were 27,390 individual insolvencies in England and Wales in the second quarter of this year. ... read more »

Insolvency: how do things look so far?

2 August 2021
Tomorrow, The Insolvency Service is set to release the latest insolvency statistics (for 2021's second quarter), giving an up-to-date picture of exactly how many people in the UK have entered insolvency to get on top of their debt problems. ... read more »

FAQs: Commonly Asked Debt Consolidation Questions

17 July 2021
Debt consolidation could help you to arrange payments you can afford, simplify your finances and take some pressure off your budget.... read more »

Can't afford your debts? An IVA could help

13 July 2021
If you can't afford your unsecured debts anymore, you might qualify for an IVA and write off part of your debt after five years. Read more here. ... read more »

How much will I repay on an IVA?

13 July 2021
An IVA - Individual Voluntary Arrangement - could help you repay what you can towards problem unsecured debts, and write off what you can't afford to repay on successful completion.... read more »

How long does an IVA last for?

12 July 2021
Certain factors could affect the length of your IVA.... read more »

Will my lenders accept my IVA?

12 July 2021
Your lenders are more likely to accept your IVA if they can see that it's the best way for you to tackle your debt problems.... read more »

How debt collectors work

11 July 2021
Debt collectors may try to reclaim unpaid debts in a similar way to your original lenders.... read more »

Can I Do an IVA If I Can't Remember All of My Debts?

18 June 2021
It may be possible to enter an IVA even if you can't remember all your debts, but you'd be expected to include them in the arrangement as soon as you discover them.... read more »

If I have an IVA can I end up bankrupt?

31 May 2021
If you have an IVA, it's still possible you can face bankruptcy if you don't stick to your side of the agreement.... read more »

Will debt follow you abroad?

29 May 2021
Will debts incurred in the UK follow you if you move abroad? How could those debts affect your life in a new country?... read more »

At what stage in a debt management plan are debts written off?

28 May 2021
A debt management plan is not designed to allow you to write off your debts - it's designed to help you repay them more easily. ... read more »

Why you shouldn't ignore debt

23 May 2021
Ignoring debt can cost you financially and affect other areas of your life too. Speaking to a debt management company could help you to do something positive about problem debts.... read more »

Can I get a DRO if I have a mortgage?

21 May 2021
Certain debt solutions can affect your mortgage. Is a DRO one of them?... read more »

What are the benefits of an IVA?

21 May 2021
An IVA (Individual Voluntary Arrangement) is an insolvency solution that can come with several benefits for struggling borrowers.... read more »

Can I get an IVA if I live abroad?

21 May 2021
If you live abroad and have UK debt, you may be able to clear it with an IVA. ... read more »

Fees payable when continuing service is provided. Repaying debt over a longer period may increase the total amount to be repaid. Calls are recorded and are usually free from UK landlines. Mobile phone users may be charged and should check with their service provider. Cards are provided by third parties and are subject to eligibility, status and terms and conditions. Applicants must be UK residents aged 18 or over.