The council tax debt is one the priority debts that must not be joked with. It is the tax debt the County does not play with knowing it is their major source of income. There are many payment methods available for those that owe this tax debt. But even with flexible payment methods, there are those that do not have enough money to pay council tax debt. The IVA also was known as Individual Voluntary Arrangement is the debt solution known to truly work. In this debt solution, you are going to be made debt free after compliance with the affordable regular monthly payment for the stipulated period. No matter the amount that remains in your tax debt after five years, it will be written off.
The right time to write off council tax debt
Before going for the IVA to write off council tax debt, there are some important facts to know. You need a reliable IVA practitioner to help you with professional advice. The advice provided to you is what will help you to make an informed decision. Through the advice, you are going to understand more about the cons and pros of this debt solution. This is what you need to make sure that you are debt free within a specified time. But, there are some debts you cannot write off through IVA. These debts include:
• Student Loans
• Hire purchase debts
• Mortgage loans
• Child Maintenance loan
• Present utility bills
• Present service providers like Mobile phones, TV, and others.
For more information visit website #https://www.iva-advice.co/resources/council-tax-arrears.html.
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