If you have been Refused a Loan and you are struggling with your unsecured debt, then you might want to consider an IVA. An IVA is Government legislation which allows you to make a reduced monthly payment to your creditors, then any unaffordable debt is written off.
An IVA is a legally binding contract between you and your creditors, so you must seek expert advice, contact us today on 0808 131 9104.
You are employed. An IVA requires you to make monthly payments to your creditor, which means that you need to be employed. If you fail to miss your IVA payments then bankruptcy proceedings may start against you.
Unsecured debts of over £15,000. Unsecured debts include credit and store cards, catalogue debts and overdrafts. It is important to get up-to-date statements from your creditors so you can see how much you owe.
You cannot afford your debts. Being insolvent means that you cannot afford to make monthly payments to your debts. If you are struggling it is important that you get expert advice.
You are a resident in England, Wales or Northern Ireland. An IVA is only available by law in these places. If you are a Scottish resident then your alternative is called a Trust Deed.
RefusedALoan.co.uk is a trading name of Ask Finance Ltd, which is registered in England and Wales (company number 4229724), Jackson House, Sibson Rd, Sale, Manchester, M33 7RR. Ask Finance is licensed under the 1974 consumer credit act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance is authorised and regulated by the Financial Services Authority (FSA) - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.