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What you need to do |
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Show us that you have a reasonably secure form of earning a living, i.e. a regular full-time employed job, or if you are self-employed, that you can prove that you can earn money each month. |
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Provide to us details of all the people you owe money to. Don’t worry, we help you identify all of these people to ensure no one is missed out. |
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Show that you have money left over each month to enable the Supervisor to collect this for payment to your creditors and this is worked out with the money you have left after you have stopped paying your creditors. Again, we can guide you as to what is regarded as reasonable day-to-day living expenses. |
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Be committed to want to repay some money back to your creditors, even if you can’t pay them the whole amount. |
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What we do |
| 1 |
Prepare a Proposal for your creditors that shows them all how much you owe and how much they are going to get in satisfaction of their debts. Please note that it is your Proposal but we are very experienced in knowing what should be put into a Proposal, so that your creditors understand what they are getting. |
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When you have agreed that an IVA is the best route for you, we take over dealing with all your creditors and you should stop having any contact with them. |
| 3 |
We conduct the negotiations with your creditors to make sure your IVA is approved. |
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We collect a monthly payment from you and distribute the amounts we collect to all your creditors to pay off your debts. |
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Ways to become Debt Free
IVA
Debt Management
Debt Consolidation
Bankruptcy
Remortgage |
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