Robert had always had access to credit and was, until his company encountered trading difficulties, able to meet his debt repayments. The difficulties came about when his company struggled with declining income which meant Robert frequently couldn’t take a salary. This company was eventually wound up.
In an attempt to resolve his income shortfall, Robert accepted a job that came with a reduced salary but provided regular monthly income. He found it hard to get on far less money and had to resort to credit cards to meet his outgoings and debt payments.
situation before IVA
Total Unsecured Debt
approved IVA solution
£179 for 7 months
£421 for 65 months
All debt solutions should be very carefully considered. Please note, if you are struggling with debt issues and need advice on your options, we’ll take a look at your financial situation, explain the available options and if you decide to go ahead with a Trust Deed or in some cases an Individual Voluntary Arrangement we will put you in touch with one of our trusted providers who will set up and provide the ongoing management of that debt solution. If you then decide to use their services, we get a fee for introducing you, or for the preparatory work we complete, fees are payable if ongoing services are provided.