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Simple Financial Solutions, the company behind IVA-advice.co who specialise in providing legislated debt advice to financially strapped individuals, recently announced its now a full member of the Debt Resolution Forum. The Debt Resolution Forum helps resolve debtors’ financial problems in a professional manner, ensuring that all consumer debtors receive sound advice in times of financial stress.

According to an article on the IVA-Advice.co website, IVAs are formal agreements between debtors and creditors which allow debts to be paid back in an affordable and timely manner. IVA (Individual Voluntary Arrangements) are powerful agreements that can be stretched out over a minimum of five years, and at the end, the debtors are discharged from their financial obligations and outstanding unsecured debts. In the UK over 9,000 IVAs were processed from 2013 to 2014, making this solution one of the ideal ways for clients to handle their money.

The Debt Resolution Forum promotes professional standards for resolving debtors' financial problems, focused on the quality of advice provided to consumer debtors by all DRF members. The DRF Membership Standard has been accredited against the Money Advice Service’s Quality Framework. This means that the Standard is independently monitored to check that it continues to evidence meeting the Quality Framework requirements. IVAs also works similar to a Scottish Trust Deed, another type of legislative debt solution that helps to lower monthly repayments and write off unaffordable and unsecured debts.

A spokesperson for IVA-Advice.co said; "Our recent approval with the Debt Resolution Forum shows our commitment to maintaining and setting new standards within the debt sector. The insolvency sector has been under scrutiny recently and its important Consumers have the confidence their cases are being dealt with by a professional company with accreditation."

Individuals interested in learning more about IVA can visit the company’s website for more information.

About IVA Advice:

IVA Advice provides help and advice on all aspects of IVAs (Individual Voluntary Arrangements). With an IVA, clients can legally write off up to 70 percent of their debt and be completely debt free in 60 months. For more information, please visit http://www.iva-advice.co

This press release was distributed by ResponseSource Press Release Wire on behalf of IVA-Advice.co in the following categories: Personal Finance, Business & Finance, Education & Human Resources, for more information visit http://pressreleasewire.responsesource.com/about.