Individual Voluntary Arrangement
The Main Benefits of an IVA:
- It normally only lasts for 60 months
- One affordable monthly payment
- Creditors cannot demand money by phone or email
- All interest and charges are stopped
- What you cannot afford to pay is written off
An Individual Voluntary Arrangement was brought in by the government and forms part of the 1986 Insolvency act. It is for people who can no longer afford to pay their creditors in full but can afford to pay their people who can no longer afford to pay their creditors in full but can afford to make a reasonable offer.
An IVA has helped thousands of people become debt free, so if you have over £15,000 worth of unsecured debt and can make a minimum contribution of £150 a month over a five year period then contact Assured Money Solutions on 028 3082 8064 for free no obligation advice. It’s really important to understand exactly the implications of going into an IVA and wherever possible to look at the alternative of a debt management plan which are more flexible before you committ to going into the IVA. We will let you know exactly which is the right course of action for you individual case.
