Is an IVA the debt solution
An IVA is a legal agreement between you and your creditors, meaning
that lower debt levels could be accepted by your creditors. An IVA
suitable for people living in England, Wales and Northern Ireland
(Scottish residents click here) who have unsecured debts and are struggling
afford their repayments.
What is an IVA?
We offer IVAs through our partner, the Churchwood Finance Group. An IVA, also known as an Individual Voluntary Arrangement, is a legally binding agreement, typically lasting 5 years, which allows you to repay your debts whilst freezing all interest and charges. An IVA is often suited to people who have unsecured debts but are unable to afford repayments. A number of other factors are also used to assess eligibility including, how many creditors you have and how long it would take you to repay your debt by other means.