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Individual Voluntary Arrangements (IVAs)

If you have a substantial amount of unsecured debt, usually around £15,000 or more, an Individual Voluntary Arrangement (IVA) could be your best solution.

It acts as a legally binding agreement between you and your creditors, effectively freezing interest charges and setting an affordable monthly payment amount over an agreed fixed period, usually 5 years.

The benefits of an IVA are

  • Write off the unsecured debt you can't afford to repay
  • One affordable monthly payment - usually for five years
  • Protects you from further action by your creditors
  • Creditors are legally bound by the terms of the agreement
  • Real alternative to declaring yourself bankrupt
  • No public notices: an IVA is between you and your creditors

Best of all, you'll know exactly where you stand, exactly what you have to pay each month - and for how long.

We are here to help whatever your circumstances: divorce, illness, losing a job or a business, starting a family or simply over-committing ourselves can all make our debts get out of control.

For more information on IVAs call us on 0800 161 3516 for a free consultation.

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Call freephone: 0800 161 3516

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