IVA Benefits


An Individual Voluntary Arrangement (IVA) is a legal procedure, and the decision to enter into one should not be taken lightly. Please take time to read through our list of IVA benefits and implications and speak to our advisors for more information, 0808 131 9101.

 

IVA Benefits:

  • When you have agreed your IVA, all additional interest and charges will be stopped, as well as any legal action from your creditors.
  • After completing the IVA, typically a 60 month period, any unsecured debt that you cannot afford is automatically written off.
  • You make just one affordable payment, which is tailored to your individual circumstances.
  • You will not have to see any major assets, such as your home.
  • An IVA is not advertised, so your financial circumstances are kept private.


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Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)
Name
Home Telephone
Mobile Telephone
Email address
Level Of Debt
Number Of Creditors
Monthly Income
Homeowner?

House Value
Mortgage Owed

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