An IVA is a formal agreement to pay back your creditors over a maximum 5 to 6 year period. Your debt will be consolidated into one affordable monthly payment or a payment structure that suits you personally. You can be debt free within 5 years as any outstanding debt included in this IVA is written off.
Once your IVA is approved, your creditors will stop pursuing you for your debts and you will know exactly when you will be debt free. Call us today for more information and advice on how an IVA could work for you.