IVA (Individual Voluntary Arrangement)
An IVA (Individual Voluntary Arrangement) is fantastic Government Approved Debt Repayment Scheme which allows people who are struggling with debt become debt free in a short period of time usually 5 years and have up to 70% of the debt written off as part of the arrangement.
Facts about IVAs
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Write off up to 70% of your debt
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Prevent or stop legal action - including bankruptcy
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Only pay what you can afford
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Government legislation that helps you clear debts in 60 months
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One lower affordable monthly payment
- Get interest frozen on your debts
Impartial Debt Advice have a team of dedicated friendly experts ready to take your call. We will discuss with you, in strict confidence, your situation and offer the best advice to suit your needs. An IVA could be your best solution if you have a substantial amount of unsecured debt (usually over £15,000).
In setting up an IVA you agree with your creditors to pay only what you can afford. There's no uncertainty, so the figure you agree is the figure you pay and for how long. Whilst the IVA is in place we handle all the contact with your creditors allowing you to get on with your life.
Benefits of an IVA
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When the IVA is finished any unpaid debt is written off
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Interest and charges are frozen by your creditors
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You know what you have to pay each month and for how long
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Protection from any further action by creditors or debt collectors
- No public notices
For more information about IVAs - please read our FAQs section
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Trust Impartial Debt Advice
Our organisation is a trading style of Debt Advisory Line who have been voted Debt Management Provider of the Year in both 2008 and 2009.
Our trained advisors will initially listen attentively to determine the level of your debt problem and your specific circumstances in terms of your level of debt, family circumstances, employment status and disposable income. Once they have a good understanding of the particular issues you are facing they will be in a position to offer a solution that is appropriate for your needs and which will enable you to clear your debts as quickly as possible. |
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