The Government introduced schemes, offering help for people living in the UK who cannot keep up with their debt repayments. It has been declared that you should only pay back what is reasonably affordable per month.
Government Legislation schemes are helping thousands of people across the UK. An IVA or similar debt solution will help people pay off their debts with peace of mind.
IVA's were first launched and approved by parliament in 1986 to help people that were struggling with an alternative to going bankrupt, making it easier for people to meet their living expenses on a priority basis and then taking care of their debt repayments.
IVA's are now the most popular formal solution to clear debt. They are designed to make repayments more manageable and affordable. These schemes must be set up by a registered Insolvency Practitioner (IP) who will split your payments on pro rata basis between your lenders.
The arrangement is put together to prevent any additional interest and charges being added to your existing debt, meaning lenders can't change their mind! An IVA will normally last 60 months, and during this period you will be expected to make one affordable payment each month towards your debt. At the end of 5 years any debt that remains will be legally written off!
To ensure what you qualify for, please fill in the form above.
The debt solution that will be given to you will vary depending on your situation and circumstances. The most common solutions for people in debt are the following:
Complete the Debt Test to get confidential advice now
Here is an example of how we could make your debts more affordable
Let’s say you owe:
Total Owed: £13,000
Approx Current Monthly Payments: £475
NEW MONTHLY PAYMENTS: £150
Reduces monthly payments, stops pressure from lenders enabling you to also write off some of your debt
Stops all hassle from lenders but this should only be considered as a very last option
Consolidates all debts into one affordable monthly repayment, making it easier for you to handle.
We’ve helped thousands of people take control of their finances.
Disclaimer: Please see below a couple of reveiws which could vary from person to person, based on the indivdual's financial situation.
"Great. The best thing I ever did, you think it's too good to be true but hey it's so out there. I was paying a thousand pounds a month, now I am paying, wait for it. Two hundred. Yes it's true. Go for it!" Patricia Howell
"So simple, I had worried myself sick about my bills! One phone call is all it took to start things rolling. It was easy, just be honest by telling them everything and it gets sorted for you" Alistair Molyneux
Free and Impartial Debt Advice is Also Available From: Money Advice Service
Terms and Conditions.
Changing Steps UK is a trading name of KAR7 Limited | Registered in England and Wales, Number: 08842648 | Data Protection Act Registration Number: ZA037480 | Address: 11-17 Fowler Road, Hainault Business Park, Ilford, Essex, IG6 3UJ
Michael Howorth is authorised by the Insolvency Practitioners Association to act as a Licensed Insolvency Practitioner. IP Number 9135
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