Have you been refused a loan? Maybe it is because you have a poor credit rating as you struggle meet your creditor repayments on a monthly basis.
If this is the case, then Refused A Loan might be able to help you. If you have more than £12,000 worth of unaffordable debt over three or more creditors and you struggle to make payments then you might be eligible for an IVA.
A loan means that you are taking our more credit, which is putting you further and further in the red! An IVA won't do that, as you do not borrow any more money, instead you negotiate with your creditors to make your payments more affordable to you and any debt that you cannot afford is written off on completion of the IVA.
An IVA is a legally binding contract between you and your creditors. You make one low monthly payment and all interest and charges will be frozen on your account. The biggest perk of an IVA is that all unaffordable debt is written off as long as you keep to the terms of your IVA agreement.
To find out more about how an IVA can help you, please call our Refused A Loan team on 0800 048 1769.