Testimonials

Compass helped us with our mounting unsecured debts. We owed just under £30,000 costing £950 per month. On the Debt Management plan this was reduced to £375 per month.

Compass also helped us get a re-mortgage as we had a secured loan, with our 1st mortgage the combined re-payment was £705 per month.
With our new re-mortgage this has been reduced to £422 per month.

We now have surplus cash each month, and are starting to get back on our feet. Thank-you Compass.
Mr & Mrs S - Yorkshire

First Name:
Total Debts
No. of Creditors
Employment Status
Homeowner Status
Email:
House Number:
Address:
Post Code:

An IVA can be simply defined as a legally binding agreement between a debtor and his creditors that is enforceable by an act of parliament, namely the Insolvency Act of 1986.

During an IVA interest and charges are stopped, and the Creditors are bound by the terms and conditions and must stop writing and telephoning you. The Creditors cannot take further legal action once the IVA has been accepted. Therefore this stops Creditors pursuing you through the County Court or filing for Bankruptcy. Creditors agree to accept a percentage of the debt payable over (normally) a five year period, after which the debt is written off.

If an IVA is best for you then your case will be handled by a Licensed Insolvency Practitioner
and you will be helped and advised on all procedures necessary to make your application.

Compass Debt Counsellors Can Help!

Call us today on 0845 602 3967 or apply for a call back
using the form on this page.