IVA Advice

Have a serious problem with your debts ?

If you owe more than £15'000 an IVA
( Individual Voluntary Arrangement ) may be the ideal solution for you.

An IVA is an alternative to bankruptcy and in some cases better
than debt management.

An agreement with your creditors

Before you can enter into an Individual Voluntary Arrangement, your creditors must agree to write off a certain part of your debts
so that you only end up having to pay off the amount you can
realistically afford - usually over a sixty month period.
This is all detailed in your proposal and, if your creditors agree,
then it is a legally binding contract for both parties.

Monthly repayments

With an Individual Voluntary Arrangement you will still have to make
monthly repayments, but these will only be to cover the amount
of debt it is felt you can manage.
The amount your provider receives for doing this is agreed
with your creditors and doesn't affect what you pay.

Apply For An IVA

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.