If you are struggling with debt and you are looking for a debt solution then an IVA could be your key to becoming debt free. It was introduced as a way for those struggling with their debts to avoid bankruptcy.
No other debt solution can write off any part your debt.
An IVA Can Help You Become Debt Free:
An IVA is a legal agreement with your creditors where you agree to pay a monthly amount over a set period of time, usually 60 months. On successful completion of your IVA, any unpaid debt is written off as part of the IVA agreement and you will become free of any unsecured debt.
The perks of an IVA may sound too good to be true if you are looking for a way to become debt free. But if you qualify then it is an avenue well worth exploring and you have the legal right to propose an IVA to your creditors.
Your IVA can only be arranged by a licensed professional called an Insolvency Practitioner (I.P) as it is a complex legal procedure.
To find out more information about how a debt free IVA is right for your financial circumstances, please contact us today.