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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STRATEGIES ON HOW TO GET OUT OF DEBTS

STRATEGIES ON HOW TO GET OUT OF DEBTS

STRATEGIES ON HOW TO GET OUT OF DEBTS Debt this days, has become something we can’t do without, they say it’s the new normal. Something just has to come up which might lead us to going into debts. When responsibilities sometimes are taken care of, we then later realize another one is at our doorstep. Whereas our income are not sufficient to even last us a month due to piled up bills, this results into going into debts. Don’t just give up yet, there’s a light at the end of the tunnel, it just takes the willpower to stand up right and say to ourselves I need to be determined to know to get out of this steps, when this done , action then follows. Determination and discipline is the only willpower we need to stay or get out of debts. People feel it’s an impossible task, but our attitude towards the payment of debts determines how possible the task will be for...
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HOW TO AVOID DENIAL OF CAR INSURANCE CLAIMS

Some car insurance claims are sometimes denied which might vary due to different reasons, depending on the accidents and the circumstances surrounding the accidents. A car claim must be made after being involved in an accident. The claim covers pain sustained, medical bills, lost wages etc To avoid a claim denial, there are list of reasons why claim might be denied. MEDICAL TREATMENT DELAY There should not be delay in medical treatment after an accident, injuries has to be treated as soon as possible. This might aggravate your healing and also claims. When treated on time, medical records are the proof needed to claim your compensation. When there is delay in your treatment, lots of things can be alleged against you that might lead to the denial of your claim, like injury not gotten from the accident, it was not a very bad accident, medical result doesn’t shoe any injury or pains, or preexisting condition. AVOIDABLE ACCIDENT NOT REPORTING AS AT WHEN DUE Failure to...
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