IVA calculator - Debt Wizard - Find out if you Qualify for an IVA

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Vincent Bond

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IVA CALCULATOR - Find out if you Qualify for an IVA


	-How much debt will be written off? -What will your monthly repayment be? -Results are displayed in real time

Interest rates and charges frozen		Government approved scheme
Debt free in 60 months or less		Peace of mind
Legally binding agreement		Protection from creditors

Your total debt:	£ (please enter a number only)
Number of creditors: (companies you owe money to)	(please enter a number only)
Monthly income:	£ (please enter a number only)
Monthly expenses: (not including debt repayments)	£ (please enter a number only)
Do you own your own home?	Yes No

More about this Calculator

This IVA Calculator is provided by Vincent Bond and Co Ltd. DISCLAIMER: This IVA calculator is approximate and should only be used as a guide. Please seek professional advice before making a decision on how to best deal with your debt situation. Try the IVA helpline on 0800 876 0 999 to get professional advice on the solutions available. It is recommended that you talk to at least 2 companies before making a decision. Any use of this iva calculator is conditional on you having read and agreed to our terms and conditions.

MORE INFORMATION ABOUT IVAS

What is an IVA? An IVA is an agreement with your creditors to make a single reduced payment each month which lasts for a sensible period of time (normally 5 years). Once agreed, creditors are not allowed to add further interest or charges to your accounts by law. The agreement is fixed - meaning that creditors can not randomly demand changes to it. The arrangement is governed by the Insolvency Act of 1986. A common misunderstanding is that people think undertaking an IVA is like going Bankrupt. This is not the case. The IVA is specifically designed to avoid the many issues and stigmas surrounding Bankruptcy. Pros and Cons of IVAs: PROs Debt Free in 5 Years Telephone Calls and Payment Demands Stopped Interest and Late Payment Charges Frozen Single Monthly Payment Repaired Credit Rating Fixed, Legally Binding Agreement Protection from Court Action A Private Agreement Professional Status Unaffected CONs Possible Release of Home Equity Minimum Level of Debt No Unsecured Borrowing During the Arrangement Stick to a regimented regime for 5 years Damaged Credit Rating Longer than Bankruptcy Pay back more than you will in bankruptcy You must include all creditors For a more in depth look at pros and cons of IVAs then IVA Pros and Cons click here ...

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Write off company debt

A CVA can write off 70% of company debts.
Find out if you qualify: