trapped.co.uk - the iva calculator
Would an IVA suit you? Find out in minutes now »
An IVA (Individual Voluntary Arrangement) is a formal agreement between you and your creditors that will help pay off your debts through a series of regular payments.
IVAs are often a popular choice for those in debt because they can make it possible to write off a large proportion of the money that's owed.
What are the alternatives to an IVA? |
|||
|---|---|---|---|
![]() |
Debt Consolidation Loan
|
Use the equity in your home to reduce your monthly repayments |
|
![]() |
Debt Management Plan
|
You could freeze your interest and expand your repayment terms |
|
![]() |
Trust Deed
|
A formal debt repayment plan for Scottish residents |
|
![]() |
Bankruptcy
|
Your assets are seized - most people want to avoid this |
|
15.1% APR Typical variable
WARNING: THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. ALL LOANS SUBJECT TO STATUS. BY TAKING OUT A CONSOLIDATED LOAN, THE REPAYMENT PERIOD IS USUALLY EXTENDED TO REDUCE THE MONTHLY REPAYMENTS AND THAT CAN INCREASE THE TOTAL COST OF THE LOAN.