An Individual Voluntary Agreement is another name for the more commonly used term Individual Voluntary Arrangement.
Individual Voluntary Agreements (Or Individual Voluntary Arrangements or IVAs) were set up towards the end of the last century to deal with the growing problem of individual insolvency and were intended to be a less drastic measure to bankruptcy which, while highly effective in...
When the Consumer Credit Act of 1974 was amended in 2006 to keep up with the advances in consumer protection that has been the trend in recent years, a loophole was spotted in the Act which meant that lots of credit agreements were unenforceable. Not just a few thousand, but probably millions of credit contracts were deemed unenforceable because of the nature of the content in the contract...
Guarantor loans are a great way to repair your credit rating. Because they involve somebody with an existing credit profile which is average to good, and because they are associated with the name of the applicant rather than the person guaranteeing the agreement, the enhanced creditworthiness will rub off on the person who takes out the loan, and this is especially useful if one's rating has...
Individual voluntary arrangements are generally configured to run over the course of a five year term, though sometimes it can be varied at the outset to suit individual requirements. In Scotland, where they are called Protected trust deeds, the span is usually 36 months but may be 4 or 5 years. In both the individual voluntary arrangement and also the trust deed the debtor client is...
Most business owners or managers find themselves in a good deal of denial when their business is in trouble: they cannot face up to the inevitable and they find it very difficult to come to terms with the fact that the whole business will fail if something isn\'t done quickly.
Business insolvency figures are up 25% on this time last year according to the Insolvency Service (Feb 2009). The...
With today\'s economic woes, more and more people are looking to save as much money as possible. Even if times are not particularly difficult, scaling back and conserving the money you have is a paramount issue. One area where this is evident is when it comes to credit card balances. Large balances coupled with even the most reasonable interest rates can prove to be a tall task to maintain for...
We have all been in the unenviable place of having a high balance on our credit cards. This can be more financially difficult, however, when you add to that a credit card company\'s willingness to raise your interest rate to an astronomically higher level for no good reason. With this happening to more and more people, the simple fact of paying their credit card bills becomes just that much...
Have you ever been caught in the situation? You have forgotten that the twelve month interest free period has ended on your credit card. Now your monthly credit card payment has jumped because interest has been added and will continue to be added, probably at a very high rate? If you have then you will want to check out this new offer for 0 APR credit cards. This company is affiliated with all...
In these difficult financial times, the last thing you need to be doing is paying high interest rates on your credit cards. Remove the extra stress in your life by changing to 0 APR credit cards. This alone could save you hundreds of dollars a year. You have probably received an offer for 0 APR card before. The difference is that other credit card companies offer 0% in the initial period and...
Are you still paying those crazy interest rates on your credit cards? If you are, there is no need to. Wouldn\'t you prefer not to have to pay interest at all? The new 0 APR credit cards are now available to you. All you have to do is fill out the application, supply your person information then chose a card design. You are also offered the option of receiving a second card to allow a second...
