Benefits Of An IVA

If you’re in serious debt, then an IVA (Individual Voluntary Arrangement) could be the right debt solution for you. There are definite benefits to an IVA if you are in this situation, but you should talk to us first to make sure you understand exactly what is involved in an IVA.

Some of the benefits of an IVA are that you could become totally debt free after a certain period - typically five years - and you need only pay your creditors what you can afford. However, naturally there are implications to taking this course of action and that’s why you should call us free now.

Avoiding bankruptcy

One of the major benefits of an IVA is that it can mean avoiding the threat of bankruptcy. If bankruptcy is a real possibility, then your creditors might prefer an IVA if it means they will get more of their money back. But they will need to be persuaded that you can meet the regular monthly payments to your IVA provider before they write off the rest of your debts.

If you are worried about your debts to find out how best
we can help you contact one of our advisors on 0808 222 1020
or fill in the form opposite.