An Individual Voluntary Arrangement or IVA is a formal agreement between you and your creditors that is designed in such a way that to help you manage your debts and can be as flexible as an individual's own circumstances they can therefore be based on profit capital income, third party payments. In this process, a debtor who has enough money left over after priority creditors and essential expenses, may be able to arrange an individual voluntary arrangement
What is Individual Voluntary Arrangement (IVA)
The individual voluntary arrangement is a formal agreement with your creditors to pay all or part of your debts. If you visit debt management company for an Individual voluntary arrangement. A debt management company is likely to be more expensive. No need for a contractual arrangement with creditors it is totally free of cost service.
Benefits of Individual Voluntary Arrangement (IVA)
IVA can help individual’s not only clear debt, but can also help them to understand how to avoid such type of situations in future. Therefore, this route can be useful and if you ever require dedicated advice from us or support on Individual Voluntary Arrangement (IVA), we will always be in a position to help you in future also.