Thousands of people looking for debt advice contact Debt Free Direct asking ‘what is IVA?’ each year. An Individual Voluntary Arrangement, or IVA, is a debt solution that has helped people all over the UK avoid the consequences of bankruptcy and get out of debt.
If you’re still unsure exactly what is IVA and if would like to know if an IVA can help you get out of debt, call Debt Free Direct today. An Individual Voluntary Arrangement is just one of a number of possible debt solutions we can advise you about. Our expert, impartial advice won't push you in any particular direction.
Call us free on 0800 083 1433 to find out more.
If you are calling from a mobile just let us know and we will call you straight back.
Understanding what IVA involves
To enter into an Individual Voluntary Arrangement, your creditors need to agree to a reduced monthly payment plan to take place over a five year period. Your payments usually take place over a five year period, and after completion you may wipe off some of your debt.
Your IVA provider will make sure you completely understand what an IVA is and what it entails, before you enter an arrangement. The IVA practitioner will also handle all negotiations with your creditors with any proposal being legally binding on both them and you.
What is the right debt solution for you?
When you talk to Debt Free Direct, we'll advise you about other debt solutions such as Debt Management and Consolidation Loans. If an Individual Voluntary Arrangement is the most appropriate solution and you'd like to proceed with us, you can. We're the No 1 UK IVA provider, making everything easier for you.
Call us free on 0800 083 1433. Our phone lines are open 8:00 am to 9:00 pm Monday to Friday, 9:00 am to 5:00 pm on Saturday and 10:00 am to 4:00 pm on Sunday. You can call free for an initial chat about your own financial situation.
If you are calling from a mobile just let us know and we will call you straight back.
