Clear Debt UK IVA Reviews & Information 2022
You might have heard noises about a Clear Debt IVA and how Clear Debt can help people get out of debt. It is true that an IVA might be a fantastic solution for your money troubles, but you probably won’t want to use a bad IVA company when dealing with your debt.
Clear Debt reviews aren’t very impressive, and you might have a better experience elsewhere. Discover more here!
Who Are Clear Debt IVA?
Clear Debt, also known as Clear Debt IVA because of their flagship service, is a debt management company. The business charges fees to provide debt solutions and help people get out of debt. It is hoped that by paying for their services that debtors will be able to get out of debt with less stress and sometimes by paying less.
The company’s website is limited and doesn’t show any recent figures for the number of debtors they have helped. Back in 2016, they claim to have agreed over 1,700 IVAs for UK residents.
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Clear Debt IVA and Other Solutions
Clear Debt heavily promote one of their debt solutions over the others, and this is likely because it is more profitable for them. The debt solution in question is an Individual Voluntary Arrangement, simply known as an IVA.
It could be the most profitable solution for Clear Debt, but it might also be the best solution for some debtors. If you have multiple debts that combine to total over £15,000, an IVA could save you money.
An IVA is an agreement to pay a monthly fee which is split proportionally between your creditors. You must do this for five or six years and then all debts are wiped, even if you haven’t even put a big debt in your debts. Some people end an IVA as debt-free without paying back thousands of pounds.
But this isn’t the only debt solution available with Clear Debt. They also provide:
The above are all debt solutions available to people who do not live in Scotland. If you live in Scotland, you need other debt solutions. Clear Debt does offer Scottish solutions, namely:
Always do your research before agreeing to a debt solution with any debt management company!
Clear Debt Reviews
As things stand, Clear Debt has over 200 reviews on Trustpilot with an average rating of 3.0 out of 5 stars. You should also note that most of their negative and one-star reviews have been posted more recently.
Here is what some of their past customers have had to say:
“Thought they were a good company but turns out they actually lie. Told me my debts were cleared after completing an IVA in full only to come back and take money from a PPI claim which paid out 2 years after IVA closed.”[Trustpilot]
“The worst company in the UK do not give you true facts and you end up paying more than your initial debt was, stay well clear.”[Trustpilot]
Clear Debt IVA FAQs
Clear Debt Contact Details
Unit 2 The Courtyard
283 Ashley Road
0161 905 8855