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EMPLOYEE
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What would ClearDebt do if I needed an IVA? I have looked into an IVA to sort out my current debt problems. What would ClearDebt actually do to help me?
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We will work closely with you to create a re-payment scheme based on your current income and expenditure and knowledge of what property or other assets you have. We will then put forward a proposal to your creditors based on what you can realistically afford to pay back.
Typically, through negotiation on your behalf, we hope to cut the total debt you have to repay by around half and, in some cases, by up to 70%. The remaining debt will then be paid back in affordable monthly instalments over an agreed period – usually 5 years.
Once your IVA proposal is approved by your creditors, all future interest is frozen – something that can make a really big difference to the amount you repay.
EMPLOYEE
-
We will work closely with you to create a re-payment scheme based on your current income and expenditure and knowledge of what property or other assets you have. We will then put forward a proposal to your creditors based on what you can realistically afford to pay back.
Typically, through negotiation on your behalf, we hope to cut the total debt you have to repay by around half and, in some cases, by up to 70%. The remaining debt will then be paid back in affordable monthly instalments over an agreed period – usually 5 years.
Once your IVA proposal is approved by your creditors, all future interest is frozen – something that can make a really big difference to the amount you repay.
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