Why an IVA can be better than Debt Management Plan

Why an IVA can be better than Debt Management Plan

Why an IVA can be better than Debt Management Plan Individual Voluntary Agreement is a legally binding contract between a debtor and their creditors supervised by a legally licensed practitioner to pay back their creditors at an amount they can afford monthly over 5-6 years. Once the final payment is made, any other debt can be written off. Looking at the two ways of paying off debts, I can say Individual Voluntary Agreement is much better due to some advantages o it has over debt management In an Individual Voluntary Agreement, all interest and charges are frozen as long as all the repayment, interest etc. are made, but in debt plan management it might not necessarily be froze. Iva takes half the time to complete payment compared with a debt management plan with the same monthly contribution. Individual Voluntary agreement has standard fees as long as you make all your repayment, it is removed from the amount sent to your creditors and doesn’t...
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Ways to persuade lenders to fund your business

Ways to persuade lenders to fund your business

Ways to persuade lenders to fund your business Being able to convince lenders that you have the capability of being successful in your business or proposed business is very important. No lender will want to borrow anyone who has not shown his or her skills to make a business successful. Securing finance whether through application, phone call, or face to face meeting, lenders are looking for that potential goal-getter that has the zeal and is able to function well in his or her proposed or current business To be able to impress and show your lender those skills, there are several things to be put into consideration. You have to make sure you have thought through the answers to the possible questions that might be thrown at you, so that you can counter any objection thrown at you. Written application should also be able to: Have a clear response on what you want to use the money for Demonstrate you understand the industry Know everything about...
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