What Happens At The End Of My IVA?

woman with outstretched arms

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 Can I Settle a Debt For Less Than The Full Balance?

50 percent

In looking at options and solutions to get out of debt, for some settling a debt, or paying less than what is owed can be a solution. There are two (2) caveats to this: You need the cash/money to pay the agreed settled amount, either in one lump sum payment, or in a couple of […]

Can I Be Chased in The UK For Debts I Left in Dubai?

Dubai

Question Hi, and I hope you can help. In 2015 I worked in Dubai, moving there from England. I had a job offer, it paid well, and I was excited about the change. I worked in Dubai until 2019, then one day my employer said my services were no longer needed, and I was out […]

What Are IVA’s/Individual Voluntary Arrangements?

signing an agreement

You’ve seen the ads on the Internet: Get Out of Debt Today! New Government Plan to Reduce Your Debt! Pay Back Pennies on the Pound and Eliminate Your Debt? Be Debt Free With Just a Few Simple Steps! Most of these ads are referring to what is called an IVA or Individual Voluntary Arrangement. Individual […]

How To Get Out Of Debt

debt, UK debt, how to get out of UK debt

“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 […]