What is an IVA?

Wondering if an IVA could be the solution to control your debts?

  • Consolidate your debts into one plan
  • Write off all unaffordable debt
  • One affordable monthly debt repayment
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  • May not be suitable for all, fees apply in solutions we offer and they may affect your credit file.
  • Consolidate your debts into one plan
  • Write off all unaffordable debt
  • One affordable monthly debt repayment

So what exactly is an IVA?

 

An IVA is a legally binding agreement between you and your creditors where you are voluntarily offering what you can afford for normally 5 years or 60 months and the rest of the debt you owe is legally written off.

As of July 2024 our average IVA client is expected to write off 71% of their debt.

This is a form of insolvency and any excess funds you have during the time you are in the plan you are expected to pay in towards your creditors.

We will support you and be there for you on your debt free journey and will deal with your creditors throughout the plan.

A this is a form of insolvency this will go on your credit file for up to 6 years under a public notice.

Lady reading up what an IVA is

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Ready to check if you qualify?

 

 

Our non-judgmental advisors will provide you with free tailored processional debt advice to allow you the chance to make an informed decision on what you would like to do next to tackle your debt and start removing debt stress.