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Property within the Solutions

If you own your property, then this will need to be taken into consideration in an IVA or a Trust Deed. The reason for this is that when Creditfix help you to prepare an insolvency proposal to your creditors, we are asking them to write off a percentage of your debt. This is as an alternative to bankruptcy, where you property would need to be sold to raise funds for your creditors.

Because the aim of an IVA or a Trust Deed is to allow you to keep your property, we will propose in the arrangement that you will look to remortgage your property to release some of the equity available.

This is only likely to be the case where there is more than around £5,000 of available equity in the property. It is also unlikely that you will be approved for a remortgage due to your financial history. In the cases where there is enough equity to attempt a remortgage, but this is not available, your arrangement will be extended, usually by 12 months.

If you need more information about the options available to you in dealing with your debt, you can always speak confidentially with one of our friendly advisors on 0808 2085 198.

Write off debts you cant afford
Find out if you're eligible

Please select the total sum of your debt

Less than £6,000
£6,000 - £20,000
More than £20,000

How many creditors do you have?

less than 2
2 or more

What kind of debts do you have?

Credit Card
Store Card
PayDay Loan
Personal Loan
Gas/Electric/Water Arrears
Income Tax / National Insurance
Tax Credit/Benefit Overpayment

What type of property do you live in?

Private Rented
Living With Parents

Where do you live?

Northern Ireland

At Creditfix we will only use your personal information to conduct your debt help application. You will be called by a member of the Creditfix team who will give you information on insolvency solutions. Creditfix will also send you an email and SMS to pass on a welcome pack.

If you consent to us contacting you for this purpose, please tick here