IVA'S
AN INDIVIDUAL VOLUNTARY ARRANGEMENT (IVA) CAN BE A GREAT WAY TO PAY BACK YOUR DEBTS.
ADVANTAGES OF AN IVA
- With an IVA you can write off the bulk of your debt
- IVA's can reduce the amount you repay each month
- You can enjoy a more reasonable payment schedule
- IVA's allow you to avoid bankruptcy proceedings being imposed upon you
- With IVAs the debt is not secured against your assets
THINGS TO CONSIDER
- Your debts need to be meet certain criteria to be eligible for an IVA
- You can't use credit cards or store cards while your IVA is in operation
- The banks won't let you have an overdraft when you have an IVA However, it's likely you may not be awarded such privileges anyway if you're eligible for an IVA
What is an IVA?
An IVA or Individual Voluntary Arrangement is a formal agreement about repaying money between you as the debtor, or person owing money, and your creditors, or the people who you owe the money to. IVA's are legally binding and usually last for five years.
Want to find out more about IVA's?
Simply call 0808 168 8325 to take an eligibility test for an IVA. A highly trained Online Debt Help advisor will ask you a few simple questions and see if it's your best option. If it isn't we can always recommend more suitable debt management solutions. Alternatively you can complete the online IVA form and submit.
CALL FREE ON 0808 168 8325 OR COMPLETE THE FORM AND SUBMIT NOW