Name:
Email:
Telephone:
Best time to call:
Details:

Warning!

An IVA can only be arranged and supervised by a Licensed Insolvency Practitioner (IP) and many companies advertising an IVA service do not have an IP in-house. In reality many are simply lead generation businesses who then pass your details to a firm of Insolvency Practitioners, generally for a large fee taken from your monthly contributions. In many cases these Companies do not have the expertise or qualifications of a Licensed Insolvency Practitioner.

An IP is regulated by it's governing body, in the case of X-debt the Insolvency Practitioners Authority (IPA), and are duty bound to offer best advice.

If you are unsure of who you should approach to advise you on the most suitable debt solution and if your circumstances meet the criteria of an IVA, then please ensure the Company you deal with actually employs an IP.

We are here to help and advise you. If you wish to speak to an IP in the first instance then please call us as we offer this personal service.

X-Debt Recommended by IVA.COM
Submit a review
R3

IVA advice and other DEBT Solutions


If you owe more than £15,000 and have a surplus household monthly disposable income, X-debt can help you take back control of your life. We provide a very personal service so you are confident you are receiving the best possible help for your situation. Our in-house Insolvency Practitioner is on hand to answer any queries you may have. Please complete our call back form to the right or take our Debt Test to see which option may be most suitable

IVA unlocks your finances

Reducing your monthly outgoings will allow you to unlock your finances and take back control of your life. With an IVA your monthly outgoings will be reduced to a more affordable level reducing the everyday stresses on you and your family. So long as you keep to the terms of the IVA it will usually protect your home, if you keep up your mortgage payments and protect you from bankruptcy. An IVA is suitable for those with debts generally in excess of £15,000. However, if debts are significantly lower than this then a debt management arrangement or Debt Relief Order can be a suitable alternative. Please take our Debt Test to see which option may be most suitable.

Reduce your debt level

In an IVA your unsecured debt level will reduce over time so long as you keep to the terms of the IVA. Generally an IVA will last for 5 years and once completed, all outstanding balances of debts governed by the IVA will legally be be written off. Interest on credit cards will be frozen in an IVA. A debt management program on the other hand will not necessarily freeze interest over a prolonged period of time on the debts included in the arrangement or have a time limit for completion. It is possible that, whilst paying into a debt management program that your debt level could in fact increase. In some cases it is the best advice to bring your immediate situation under control and allow you to come to an agreement with your creditors in the short term. However, for those who meet the criteria for an IVA it is in most cases the better option. Please take our Debt Test to see which option may be most suitable.

 

Any debt solution should always be considered very carefully and professional advice should be sought. Whilst X-debt offers free debt advice, fees are charged where a debt solution is undertaken. Fees are for setting up an arrangement and if appropriate, supervising the arrangement over a period of time. All fees will be outlined prior to any charges being incurred. Fees within an IVA are taken from the monthly contributions, agreed by you and your creditors and will not affect the amount you pay. X-debt complies with the Consumer Credit Act and Data Protection Act.