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IVA Case Study - Colin

Colin works for a major airline company in London. His daughter found herself in debt following the breakdown of her relationship. She found herself borrowing money to repay her debts - getting her deeper into trouble. As her spirits and health deteriorated her concerned father contacted Vincent Bond for help.

Vincent Bond Solution

Vincent Bond suggested a lump sum IVA:

Total Debt 36000
Solution Lumpsum IVA
Duration of IVA 1 year
Debt Written Off 60%

The daughter was able to set up an IVA which wrote off 60% of her debt. Her father plans to make a gift donation to end the IVA early (instead of going to 5 years). She will then be debt free and able to rebuild her credit rating.

Have you considered an IVA?

Why not talk to a Vincent Bond debt advisor. It is a quick and easy way to find out your options. All Vincent Bond advisors are extremely well trained and you will be able to have all of your questions and concerns answered for free.

It is important that you are aware of the following when taking on any debt solution with Vincent Bond & Co: All possible solutions should be considered to ensure you make an informed choice. Fees will be charged if a solution is taken. For further information on fees, please see the FAQ section of the different solutions available. Stopping payments to your creditors may place you into further arrears. It is likely that your ability to get credit will be affected. In compliance with the Consumer Credit Act you have a 14 day cooling off period in which to cancel your plan. Calls to our free phone number may be charged from mobiles and other networks.