Do I qualify for and IVA? Use our online calculator
Do I qualify for and IVA? Use our online calculator
With an IVA you could:
- Freeze interest and charges
- Repair your credit rating
- Stop demands from creditors
- Protect yourself from court action
- Agree a single monthly payment
- Become debt free in 5 years
We work with the UK's top providers
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Money, Debt & Credit
Write off up to 60-70% of your debt, and just pay back what you can afford
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Debts.co.uk
Offer one reduced monthly payment and interest and charges stopped
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Which option will help me with my debt problems?
What is an IVA?
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 arranged payments.
Because it's a formal agreement, an IVA has to be set up by a licensed professional called an Insolvency Practitioner (IP).
How does it work?
Monthly payments are based on an affordable disposable income. Once the final payment is made, any outstanding debt is legally written off.
This can write off up to 65% of your debts (subject to your circumstances).
Will I be debt free?
Debts are settled within a fixed period of time (normally 5 years) and any interest and debt charges will be frozen so that creditors are prohibited from demanding more money.
Once you have completed your arrangement, you will be allowed to borrow money and your credit rating will start to improve.
Read up on the latest IVAs news from trapped.co.uk
Read up on the latest IVAs News from trapped.co.uk
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Nov 21st
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Nov 20th
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Nov 18th
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Nov 11th