Debt Free Direct has helped thousands of people overcome their debt problems with the help of an IVA. UK residents in full time employment and with debts over £15,000 often find that an IVA is the best solution to their debt problems.
At Debt Free Direct we offer truly impartial advice. We will look at your finances in detail and in confidence and then, using our best advice model, recommend the best approach for you to take. For many people struggling with debt in the UK, an IVA or Individual Voluntary Arrangement is the best solution. A UK IVA is a legally binding contract which allows you to pay off what you can afford in monthly installments usually over a period of five years. At the end of your IVA, all of your debts are cleared. IVA’s avoid the consequences of bankruptcy, such as losing your home or having to publicly declare your situation.
Debt advice from a UK company
As a reputable IVA UK company, we do not charge you any fees and we will only recommend an IVA if our best advice model identifies it as being the most effective course of action you can take towards tackling your debts. Learn more about IVAs.
For others a debt management plan or consolidation loan may be an appropriate alternative to an IVA. A debt management plan involves us negotiating with people you owe money to on your behalf to agree on lower monthly repayments. Learn more about Debt Management Plans.
Unlike an IVA a debt management plan is not a legally binding contract and therefore people you owe money to are not obliged to stick to arrangements made. Some companies will charge you a fee and it is important you are aware that your debts can actually increase due to rolled up interest. At Debt Free Direct, if we identify a debt management plan as being the best solution for you, we will help you find a reputable company able to devise a plan in which your debts do not grow.
Debt Free Direct are serious about tackling debts in the UK, an IVA is just one way in which we help people struggling with debt. We offer clear simple debt advice and information on a range of debt solutions, including remortgages, consolidation loans and bankruptcy. We will only recommend an IVA if it is the best approach for you to take. We have been helping people in the UK with IVA’s for over seven years and are lobbying for tighter regulation in the debt advice sector.
