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Individual Voluntary Arrangements (IVA's) |
Write off up to 75% of your debt with an Individual Voluntary Arrangement.
"You can be debt free in 60 months with up to 75% of your debt legally written off."
What does an IVA do?
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Reduces debt by up to 75%
You only repay what is affordable after taking into account your personal circumstances.
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Reduces repayment period.
In 60 months you will be debt free, the rest is written off.
This is dependant on approval of 75% (by value of the debt) of your creditors, and provided you maintain the payment schedule.
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Stops interest and charges.
Your debts will not increase and interest will be frozen.
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Stops harassment.
Stops creditors and debt collectors from chasing you.
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Stops court action.
Can stop bankruptcy proceedings and bailiffs.
If you're outgoings are more then you earn, or you're being threatened with legal action, rest assured you're not alone. Debt is fact of life for many people and interest charges can mount up fast. The sooner you take action, the faster you can get on with your life.
Can you answer yes to all of the following questions?
If the above applies to you, then you may qualify for an IVA (Individual Voluntary Arrangement).
An IVA would allow you to make a single monthly payment that you can reasonably afford, for a set period (60 Months) - after which the remaining debt is legally written off.
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