When your creditors impose stricter terms and conditions on your loans Creditfix IVA Help is the best way to deal with them. This means you are getting into the golden mean path to get amicable settlement with your tough creditors and a reliable solution for your loan problems. If you wish to get a successful solution you should be transparent with your advisor at the Creditfix IVA Help. Disclose all your income sources, property, other loans from your family members, relatives and friends. The advisor will be able to make effective assessments and reach a decision conclusion about getting you reliable solutions.
Bankruptcy and your creditors – Creditfix IVA Help
Creditfix IVA Help offers you complete guidance about the probable consequences of being declared as bankrupt by yourself or by your creditor. The risk associated with bankruptcy is that you might lose your bank accounts and the deposits could be taken away by your creditors for settling the outstanding loan balances. You will not be eligible to apply for fresh loans without showing proof of bankruptcy, which in any case will ruin your chances of getting the loans. Your credit ratings will nosedive into negative side and your credit cards could be frozen. That means financially your position could be ruined. Moreover your social reputation will be hurt so badly that you may not get any loans from your family members or relatives and friends.
Your creditors may still file a legal case against you demanding repayment of outstanding loans. This could result in forced selling of property which could be under evaluated by the creditors to an extent which covers only outstanding loans. The extra value of your property could also be taken over by the creditors since you probably won’t be in a position to fight against them legally.
Alternate Solutions with Creditfix IVA Help
You can opt for Creditfix IVA Help to repay your debts without getting into the risks of selling or remortgaging your property, losing your bank deposits, getting into legal hassles etc. Some people do argue that IVA could force you to make regular payments to outstanding loans which could be risky during financial crisis.
- You will certainly have to repay your loan no matter what happens. In such cases it is better to save on interest and overheads with the help of Creditfix IVA Help rather than going bankrupt and facing legal penalties and fines.
- You can get relief from the balance outstanding debt once you have completed repayment for a period of 60 months.
- You can get solutions for multiple loans with Creditfix IVA Help. If you already have a mortgage loan the advisor from Creditfix IVA Help can help you make adjustments between these two types of loans with the help of your property. In this way you get maximum protection from the legal proceedings and loss of property.
- Once you start communicating with the advisors from Creditfix IVA Help you will start feeling reassured because of the practical results you get.