An Individual Voluntary Arrangement is a debt management plan that deals specifically with personal and  insolvency debt problems. It is called a IVA and we are licenced to give this kind of assistance. We understand that everyone has different circumstances and that an IVA cannot be the same for every case and has to be flexible.

Usually an IVA is started and runs for 5 years after which time a person’s credit profile should be clear and they will be debt free. During the time the ISA is running the creditors are not allowed to purse the debt. An IVA can write off some of your debts when it starts but this may not be the large percentage that is claimed in some advertising. All good IVA’s will combine the best possible results with the lowest of repayments.

Please be aware that an IVA is not a debt conciliation loan, these type of loans often get people into more debt, and they are short term solutions. A more long term solution is the IVA as it can banish your debt for good and it is a sensible solution. An IVA can ease the problem straight away and then give you reassurance, assistance and direction for the future. It cannot be recommended enough for anyone with any kind of personal or insolvency debt issues.

Consider an IVA as an ideal solution to your personal debt. Make sure you seek independent advice to get the right IVA for your personal financial circumstances.