An Individual Voluntary Arrangement (IVA) is a debt solution that can be used if you are struggling to repay your debts. An IVA can be an affordable and practical way of dealing with your debts, and it can help you to avoid bankruptcy.
If you are considering an IVA, it is important to speak to a qualified debt adviser who can provide you with expert advice and guidance. They will be able to assess your individual situation and advise you on the best course of action.
There are many benefits of an IVA, including:
-Affordable monthly payments: An IVA typically lasts for five years, during which time you will make affordable monthly payments towards your debts. At the end of the five years, any remaining debt will be written off.
-Protection from creditors: Once an IVA is in place, your creditors cannot take any further action against you. This means that they cannot contact you or send you letters demanding payment.
-Avoid bankruptcy: An IVA can help you to avoid bankruptcy, which can have a hugely negative impact on your life.
Are you looking for a legal agreement between you and your creditors to pay off your debts? Get Acme Credit help for apply a debt management plan. You can ask on call at 07779648018
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