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An IVA could get up to 75% of your debts written off (in some cases) and leave you debt free within 60 months (5 years).
Once the iva agreement is set up, your creditors must stop all further interest and charges on your debts. The creditor will also be prevented from taking further legal action against you to recover their debts. All phone calls and letters from creditors in relation to your debts should stop. You will have to repay a fixed amount agreed amount every month, however knowing clearly what you have to repay and that you can afford it is a definite advantage.
Once the IVA has been completely repaid, you could then begin improving your credit score.
Advantages of IVAs: We are part of a financial services group specialising in debt solutions, and we have already helped over 100,000 people who were struggling to pay back unsecured debts through IVAs. With our expert IVA assistance they were able to take charge of their finances - without taking out more credit.
Apply Today for a FREE quick and easy financial assessment of your suitability for an IVA.
Learn more about How it Works
Also note the Disadvantages of Getting an IVA
Learn more about the advantages of a Debt Management Plan
IVA & Debt Management Solutions
For a free, quick and easy financial assessment, so we can help find the
right solution for you!
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