Since its establishment in 2003, Amigo loans have been providing financial assistance and advice to those confused debtors. It provides a legally binding agreement between the creditor and the debtor. With reports that around 322 people are going bankrupt every day that adds up to each person every one minute and twenty-eight seconds. To control the situation before it overturns, arrangements and advice are provided by the company for the betterment of the future. Debtors will more than £5000 or even more in debt or having two or more creditors to pay are eligible for the contract.

As long as they have a regular flow of income and are willing to abide by the contract, amigo loans are extending their support to those individuals. Loans and debts such as credit card loans, payday loans, council tax debts, Her Majesty’s Revenue, and customs debt, overdraft debts as well as unsecured debts are included. Monthly payment of £80 or more depending on the circumstance of the debtor needs to be paid to the Insolvency Practitioner. This procedure goes on for 60 months. The amount to be paid is made flexible depending on the situation of the debtor. Besides a simple fee is paid to the Insolvency Practitioner which is added to the debt.

The benefit of taking up the contract is that once the individual has agreed with the arrangement, the creditor will have no right to cease any property or assets. In the case of bankruptcy, homes are repossessed and are even sold off to pay the creditor. Also, a further deduction is made with the individual’s future earnings. However, such will not be the case when entered into a contract with Amigo loans. The creditor will have no direct contact with the debtor. The advantage is that an affordable amount is arranged based on a person’s income and expenditure without having to lose assets. For more information please visit https://www.iva-advice.co/amigo-loans.html



Amigo Loans is a company incorporated in 2003 based in England. It is a supporter of the Individual Voluntary Arrangement, popular in England as a way of paying off debts and being secured from being bankrupt. The contract is legally binding and can be accessed online.



Contact Media



Ivaadvice

[email protected]

Pennsylvania - Pittsburgh

https://www.iva-advice.co/amigo-loans.html