Benefits of IVA

• The monthly repayment is comparatively low
• You only pay what you can afford
• IVAs have a fixed time limit
• All unpaid debt is written off after the term of the IVA has expired
• You have to make only one repayment each month to the IVA case officer
• The IVA case officer divides your payment between individual creditors
• You are not required to declare your IVA to anyone
• You have a say in drafting the terms of the IVA
• You are protected from legal action, CCJs and bankruptcy
• If you own a business, you continue to run it and earn money
• You avoid bankruptcy drawbacks such as loss of job, social humiliation, not being able to act as director of a company, and being barred from using your bank account

Please Note

• If you fail to keep up repayments on an IVA, your creditors can petition for bankruptcy
• You may be required to release any equity on your home to pay towards your debts
• An adverse credit rating is likely to remain on file for 6 years

Take action now, and end your debt worries with one simple phone call. Whatever the value of your debts, and whatever the monthly payments, we can help you piece together your finances allowing you to get back in control of your debts, and rebuilt your financial status.

To discuss your individual circumstances with a specialist Debt Advisor, call 0800 668 1990 or click on the Free Assessment button below.