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★★★★★

“An IVA - Positive way to deal with debt”

Written on: 06/03/2012

I have been in a debt management programme for about 2 years and had not seen much of a reduction in the total outstanding debt. I was contacted by an advisor from Clear-Debt and discussed going into an IVA. The prospect of going into an IVA was at first a daunting thought as on the back of my mind was "am I going Bankrupt". The advisor gave me loads of detail on the IVA and what this would involve. He explained what the process would be in great detail and the outcome - debt free in approx 5 years - interest frozen on current debts - no contact/hassle from creditors, managed by a debt supervisor. If I had continued on the debt management programme, I would probably still be paying my creditors for about 8 years to clear the debt. Five years and debt free - and the prospect of a further year and then back to some "normality" appealed to me. I would recommend to anybody who is struggling with debt to seek advice, it is a bit daunting at first - discussing your financial situation with a "stranger" but I have found the advisor I spoke to be sympathetic to my debt and dealt with all my concerns and questions in a positive way. My advice speak to the professionals, they are their to help and you are not the only one. WOULD RECOMMEND CLEAR-DEBT