NDH Financial

NDH Financial, specialists in Individual Voluntary Arrangements (IVAs)

NDH Financial is a British personal insolvency firm that presents itself as a specialist in Individual Voluntary Arrangements (IVAs). The company has its own in-house Insolvency Practitioner, authorised to act in the UK by the Insolvency Practitioners Association (IPA) with IP number 30710, and with over fifteen years of experience in the personal insolvency sector. Its team of debt consultants assists people with financial problems and assesses whether an IVA is the right solution for their case.

Debt management and reduction services

NDH Financial's main activity focuses on IVAs, an instrument that allows multiple debts to be consolidated into a single reduced monthly payment. The firm also provides information on other alternatives: Debt Management Plans (DMPs), debt consolidation, Debt Relief Orders (DROs), bankruptcy and the mechanism known as Breathing Space. The company stresses that it does not recommend an IVA if it is not the most suitable option and that, when another solution fits better, it explains this to the client.

Debts that can be included in an IVA

According to the firm's information, among the debts that can be consolidated into an IVA are, without being exhaustive:

• Bank overdrafts
• Personal loans and payday loans
• Council tax and utility bill arrears
• Credit card debts
• Debts owed to family and friends
• Store cards and catalogue debts
• HMRC debts and tax arrears
• Tax credit and benefit overpayments
• Business debts

Excluded debts

The company states that debts that cannot be included in an IVA include, among others, student loans, TV licence arrears, court-ordered maintenance arrears and child support arrears.

Three-step application process

NDH Financial describes a structured procedure for those considering an IVA. The first step is a no-obligation consultation with a specialist, in which personal circumstances and the legal requirements of an IVA are reviewed. If the client meets the criteria, the team of consultants and drafters prepares the IVA documentation with the financial information provided and communicates with creditors to seek their approval. Once approved, the client moves to making a single reduced monthly payment within the IVA payment plan.

Client profile and firm's approach

The company targets individuals struggling to cope with unsecured debts. It states that it has helped thousands of people manage and repay their debts and that it treats each case individually, tailoring solutions to the client's personal and private needs. Confidentiality is presented as a central principle throughout the process, and the firm states that it keeps client information protected. NDH Financial also publishes a resource centre (IVA Learning Hub) with information on IVAs, creditors, types of debt and enforcement procedures.

Additional information and warnings

The firm warns that an IVA may not be suitable in all circumstances, that it involves the payment of fees and that it may affect credit rating, as details are entered on the public Individual Insolvency Register. The initial consultation does not oblige you to take out any solution or make any payment until it is approved. For urgent assistance, the company provides the phone number 0800 002 9051; existing clients can use 0800 002 9061.