Title:Clear Debt IVA
Category:Money & Finance
Description:Providing IVA (Individual Voluntary Arrangements) throughout the UK and free debt advice, bankruptcy advice and IVA advice. ClearDebt also provide IVAs for debt management and consolidation.
Resources:What is an IVA?
An Individual Voluntary Arrangement("IVA") is a legally binding agreement between you and all the people and organisations you owe money to (your creditors). You can try to arrange an IVA when there is no real prospect of paying off all your debts.

Is an IVA right for me?
Unlike the £15,000 minimum set by some of our competitors. Our fees (which are paid out of the monthly contribution you make and approved by your creditors) are much lower than our competitors allowing more of your money to go to your creditors. This allows them to accept proposals from people with lower levels of debt and makes your proposals more likely to be approved. However, there are a number of criteria you must meet if you are to propose an Individual Voluntary Arrangement (IVA):

Apply for an IVA now
What is a debt management plan?
Debt Management Plans are provided by debt management companies who negotiate with your creditors to change your debt repayment terms. Debt Management Plans (DMPs) can be a good debt solution, especially if your problems are likely to be short term. Increasingly, especially if you don't owe very much in total, creditors may ask you to try debt management before being considered for an IVA.

Debt & finance advice
The first and most basic rule is “don’t just sit there – do something”: Debt problems never go away and they always get worse if you leave them. Creditors (the people you owe money to) will listen and will try to help – they don’t want you to become a bad debt. And, the less you communicate, the more pressure they will put you under.