HONESTY - EMPATHY - UNDERSTANDING
At United Insolvency, we believe it should be simple and affordable for you to become debt free. That’s why we’re here to support you at every step of your journey.
To find out more about managing your money and getting free advice, visit
Money Helper, independent service set up to help people manage their money.
Delivering honest and clear advice to educate you without any jargon. Your assigned debt advisor will always be completely honest with you.
Sharing your situation and feelings can be difficult but we will show you respect and genuine empathy. We believe that a problem shared is a problem half solved.
Unlike other companies, we focus on YOU, the customer. Every call will start with understanding your situation, concerns and preferences. Once we know that, we’re half way there.
Advantages
✅ Write off a % of unaffordable debt
✅ Offers creditor protection
✅Freezes interest and charges on your debts
✅ Allows you to keep your home and other assets
✅ Helps you avoid bankruptcy
❌ Places you under a strict budget
❌ Doesn’t cover all debt types
❌ Will be recorded on a public register
❌ Will impact your credit rating
❌ If your IVA fails, you could be made bankrupt
We understand that most people take out credit with every intention to pay it back. We also understand that things change that can make this difficult or even impossible.
Our team will take the time to get to know you and what you want and need.
Get in touch today to see how we can help you become debt free!
8.2 million
people struggling with debt in the UK, each owing on average £14,540
Frequently Asked Questions
An Individual Voluntary Arrangement (IVA) is a formal debt solution that creates alegally binding agreement between you and the people you owe money to. You may decide to enter an IVA if you’re struggling to repay the total amount of unsecured debt you currently have but can repay some.
Yes, an IVA will have an impact on your credit rating as it will show on your credit report for six years after it has been approved. However, it’s important to note this is the case for most debt solutions and your credit score will likely already have been affected by being in debt in the first place.
Once your IVA is complete you will be offered a fresh start to begin rebuilding your credit rating.
In most cases entering an IVA won’t affect employment. However, in certain professions, such as accountants and solicitors, having an IVA may mean that you can no longer practice or you may only be able to practice under certain conditions.
Once you enter an IVA, creditors can take no further action against you and can’t contact you directly.
An IVA can be a positive way to manage unaffordable unsecured debt and allow you to better manage your monthly finances.
In an IVA a single monthly payment is agreed with your current financial situationtaken into consideration – this payment is then divided between the people you owe money to. During the course of your plan all interest and fees associated with your debts are frozen.
At the end of the IVA the remaining debts are written off and you can begin your debt-free future.
When you’re considering entering an IVA, it’s important to be aware of the following:
United Insolvency will not charge you a fee for initial information and signposting. If you were to proceed and implement a recommended debt solution where fees are applicable, full details will be provided before setting up. United Insolvency proposes and administers Individual Voluntary Arrangements (IVAs). Advice is provided on the basis that there is reasonable contemplation of an insolvency appointment, once it is apparent that an IVA is likely to be the most appropriate debt solution. The debt solutions offered by United Insolvency Limited only apply to residents of England, and Wales.
United Insolvency is a trading style of United Insolvency Limited, Company Number 11436761, registered in England and Wales, at Dalton House, Cross Street, Sale, M33 7AR.
Sharon Witley is authorised by the Insolvency Practitioners Association to act as a Licensed Insolvency Practitioner.
To qualify for an IVA with United Insolvency, you must have a minimum of £6,000 of qualifying unsecured debt owed to two or more creditors
There is potentially a debt write off in some IVAs. However, the amount of debt written off differs for each customer depending upon their individual financial circumstances and is subject to the approval of their creditors.
Data Protection Act Registration Number – ZA488958. To find out more about managing your money and getting free advice, visit Money Helper, an independent service set up to help people manage their money.
United Insolvency Ltd is an appointed representative of Promethean Finance Limited FRN 832916.
United Insolvency Ltd
Dalton House
Dane Road
M33 7AR
0800 048 949