Write off Debts
This is an animated video. We chose to make an animated video because Debt solutions can be very boring to talk about and we found it was much more interesting in this format. The character in this video (Joe) is someone like yourself who is struggling with his debt payments. He is based on a real life case so you know all of the facts and figures are correct.
Joe's Debt Situation
In Summary: You are introduced to Joe and his debt situation. Joe had hoped it would all get better on its own, but this never happened. Joe contacted us through the website and we called him to talk through his debts.
Our Debt Solution
We were immediately able to reduce the monthly cost of his debts and get interest and charges frozen. But the advisor assigned to Joe (Scot) saw that Joe may also qualify for an Individual Voluntary Arrangement (IVA).
Debt Write off: IVA
In an Individual Voluntary Arrangement (IVA) unaffordable debts are written off by the lenders at the end of the plan. So Scot got all of Joe's creditors together in a meeting (part of the process of an IVA) and got them to vote to go ahead with the write off plan.
The creditors voted and because more than 75% of them (by value) agreed the IVA was put in place and all of Joes creditors had to abide by the agreement where 45% of Joe's debts were written off.
Find out more...
Click on the video opposite. In this animated video we explain how for this person we:
1. Write off 45% of his debt
2. Had interest frozen on his debt
3. Lowered his payments to an affordable amount
To see if you can get your debt and interest written off by your lenders...
Click the Free Advice button below.