Unable to make repayments:
You don't really know how it happened, but it did. Now you're at the point where you just can't make your credit card payments on time or you can make some of them on time, but not all of them. How you got to that point doesn't really matter, but you're there. What do you do? Well, the answer is to face the problem head on, it won't go away unless you do something about it.
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Individual
Voluntary Arrangement or IVA
This is a formal and
legally binding arrangement between a Debtor and their Creditors.
To propose such an arrangement you will need the services of a licensed
Insolvency Practitioner or IP. Proposals to creditors
can be based on a lump sum offer or regular monthly payments. If
75% (in value of debt) of those creditors who vote agree, then the
arrangement is legally binding on all concerned. Regular payment
IVAs normally last for between three and five years.
** Check now to see if you qualify for an IVA **
Debt Management
Plans
Debt Management is an informal agreement negotiated by Chase Debt Solutions.
The aim of Debt Management is to help you clear your debts at a reduced level over a fixed period of time to help you make a fresh start with your finances.
** Check now to see if you qualify for a Debt Management Plan **
Trust Deeds
If you live in Scotland and have unsecured debts which you are struggling to pay, a Trust Deed could be the ideal solution. Although there are a number of solutions which exist, there is no other financial arrangement that permits you the protection from your creditors, including the freezing of interest together with the flexibility and affordability of a Protected Trust Deed.
A Protected Trust Deed is a sensible and realistic way forward for Scottish Residents who are having genuine difficulty in servicing their debts but who want to avoid Sequestration - the Scottish equivalent of bankruptcy..
** Check now to see if you qualify for a Protected Trust Deed **
Find a solution to your debts
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