Debts on benefits. Write off up to 80% of debts.
Bennett Jones Specialises in IVAs.
✓ Write off unaffordable debt*
✓ One monthly repayment
✓ Only pay what you can afford
An IVA may not be suitable in all circumstances. Fees apply. Entering into an IVA will affect your credit rating. You could write off up to 80% of your debts upon successful completion of an IVA.(10% of our customers wrote off 80% in the last 12 months, with a typical figure of 25%-75%).
Check if you are eligible for an IVA
It’s important not to panic. There are options available, and with the right support, you can explore a suitable course of action for your circumstances.
It’s important not to panic. There are options available, and with the right support, you can explore a suitable course of action for your circumstances. Be sure to do your research to make sure you aren’t missing out on any benefits you’re eligible for. For more information on benefit qualifications, contact Jobcentre Plus.
If you have recently started claiming Jobseeker’s Allowance because you have found yourself unemployed, it may be worth explaining your situation to your creditors. In some instances, they could be prepared to alter the repayment obligations, especially if you can show job prospects on the horizon.
It can be difficult to successfully enter into a debt repayment agreement if you are not earning a regular income. In Scotland, for example, those on benefits do not ordinarily qualify for Trust Deed agreements. However, if you claim benefits in England or Wales, you may qualify for an Individual Voluntary Arrangement (IVA) – where you agree on a repayment plan with creditors over several years. Alternatively, you may qualify for a Debt Relief Order (DRO) or an informal debt management plan administered by an organisation, such as a charity.
Bennett Jones has helped thousands of people solve their debt problems. We understand how stressful and difficult life is when you can’t pay your debts and your bills.
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