|
The Individual Voluntary Arrangement (IVA) has helped thousands of people with unsecured debt problems. If you have unsecured debts of over £10,000 and are unable to meet your monthly repayments, an IVA could be the best solution for you.
The IVA is a legally binding solution that can write off part of your debt and will leave you DEBT FREE as well as protecting you against any further action from your creditors. Every other debt solution, excluding bankruptcy will INCREASE YOUR DEBT.
An IVA is an agreement between you and your creditors to pay an amount that you can afford. Your creditors agree to write off the debt you can’t afford to repay and leave you alone, DEBT FREE, typically within 60 months.
IVA Benefits
- You only pay what you can afford to pay back
- One lower monthly repayment
- Up to 75% of your debt written off
- Interest and charges stop, so debt will not rise
- No fees
- No more creditors calls or letters
- You will not lose your home
By law, only licensed Insolvency Practitioners are allowed to propose and manage an IVA. You can therefore be certain of expert, professional and impartial advice, giving you total peace of mind. |
