• You make a single affordable payment each month
  • A proportion of your debt is likely to be wiped out
  • All interest and credit charges on your existing debts will stop as soon as the IVA commences
  • All your creditors, even those who don’t agree with it, are bound by the terms of the IVA
  • Creditors can’t take any further action against you, so no more difficult calls or letters
  • Your outgoings are fixed for a sensible duration (usually five years)
  • When the IVA is finished the balance of what you owe your creditors is written off forever.

For more information about IVAs, see our IVA Options