What Is a Token Payment Arrangement?

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A token payment arrangement, or token payment plan, is a way to help someone who may be experiencing a major financial change, be in debt, and needs a space or time to sort the matter out. It is similar to the “breathing space” scheme many creditors are offering. How Does a Token Payment Plan Work? […]

What Happens At The End Of My IVA?

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Question Hi, and thanks for taking my question. I began an IVA almost 5 years ago and have been making payments each month. The IVA was modified a couple of times as my income changed, but I have never missed a payment. What happens at the end of the 5 years? Do my debts magically […]

How To Get Out Of Debt

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“Neither a borrower nor a lender be” Hamlet Act 1, Scene 3 Debt: “The state of owing money to someone, or something”. Debt is a four letter word, and for some people, a dirty four letter word as they wish they were not in it (debt), or do their best to try and avoid it […]