What is an Individual Voluntary Arrangement (IVA)?

An Individual Voluntary Arrangement is sometimes referred to as a Voluntary Arrangement or shortened to IVA.

The IVA is a formal agreement with your creditors to make a single reduced payment each month. This lasts for an agreed period of time - usually 60 months. Once agreed, creditors are not legally allowed to add interest or charges to your accounts.

The IVA payments are set at outset, meaning that creditors cannot randomly demand changes. Ongoing payments are subject to your personal circumstances and this allows you to pay of an affordable portion of debt every month.

At successful completion of the IVA, any outstanding debt that is included in the IVA is written off. At Blair Endersby we work with you to understand your debts then contact your creditors to help establish a level of debt you can afford to pay off.

Get debt help with IVA advice today online, or call 0800 096 1711.

What are the benefits of an IVA from Blair Endersby?

• A single monthly affordable payment that is fair to you and your creditors.
• A fixed repayment period (normally no more than 60 months*) with a specific end date.
• An agreement that your creditors freeze all further interest and charges, so your debt does not increase.
• Once the final payment is made and the terms of the IVA have been adhered to, any outstanding debt is legally written off by the creditors. Creditors cannot go back on the agreement and demand increased payments.
• Protection from court action by creditors.
• The IVA is discreet and can be used by professionals, forces personnel and police without damaging career prospects

Speak to Blair Endersby's expert advisors today on 0800 096 1711 for IVA help and debt advice.

Or do a free quick debt test now - five minutes of your time now may set you on the path to stress free finances.