IVAs must have the following
3 creditors (not with same bank as they count as 1 debt)
Total debt over £15k
No debts taken out in last 12 months unless for re-consolidation with that lender
no gambling
minimum disposible income of £250 per month
Aware IVA is a 5 year legal agreement
Aware house will be valued as part of the plan (if homeowner)
Struggling with re-payments not just looking to consolidate as IVA will not pass meeting of creditors if they can afford the monthly payments.
We pay £600.00 per completed IVA (we pay when customer has been seen by an advisor - normally within 1 week - we do not keep you waiting until the meeting which can take 3 months in some cases)
Leads are tracked online if you use our introduction forms (you hit our criteria by using the form)
We pay £75.00 per completed Debt Management Agreement (payment within 28 days)
All cases are paid on a per case basis, not monthly or twice monthly. this helps your cashflow and builds confidence in our systems.
oliver@insolvencynetwork.co.uk for more info
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