Stephen, 64, owed more than £60,000 in unsecured debts and being retired struggled to make the monthly payments of £770 each month. After reviewing his situation and negotiating with his creditors his monthly payments were rescheduled to £445, a payment that he could afford. With use of government legislation enabling debt write off at the end of 60 monthly payments, his IVA will be complete and he will be debt free* and able to enjoy his retirement.
“I was forced into retirement after being made redundant and this is where my financial difficulties began. I already had various loans and credit cards and further borrowing seemed the only way to keep up re-payments. My pension only just covered the re-payments and I was in a perilous position, a seemingly endless situation which made me feel helpless.
“I would like to take this opportunity to thank all the staff and nominees involved with my IVA proposal, for the professional, caring and understanding way in which you put my case forward to my creditors. On contacting Blair Endersby I found them to be very professional and feel they should be congratulated in the manner in which they conduct the dealing with their clients - with such sensitivity!
“I’m extremely grateful that they were able to bring my case to successful conclusion and it is personally a huge weight off my shoulders! The debt had been a constant worry for a good number of years, and the successful outcome has brought peace of mind. Many thanks to you all.”
Stephen
* Only applicable for an IVA – Terms & Conditions Apply: Debt write off applies only where an Individual Voluntary Arrangement is suitable, adhered to and at the end of 60 months. This relates to unsecured debts that were included with an IVA and does not include any secured debts mortgages, HP or utility bills. Failure to adhere to an IVA can result in bankruptcy. An IVA will affect your credit rating for up to 72 months after completion of your IVA. Fee Payable this is paid out of your monthly contributions to your IVA and will be notified to you in advance. Homeowners may be required to remortgage after 3 years. Alternative solutions may be offered.
* Blair Endersby Ltd: Registered Office Address: City Wharf, New Bailey Street Manchester, M3 5ER. Registered in England and Wales: 3849301: Consumer Credit Licence Number:480389, VAT Registration:855339696: Data Protection Registration No Z8891939: Our Insolvency Practitioners are licensed by the Association of Chartered Certified Accountants.
Blair Endersby - IVA Specialists, IVA Advice a sister company of Baines and Ernst Debt Solutions Specialists