Factually, an IVA, short for Individual Voluntary Arrangement, is one of the most common debt management solutions available in England, Wales, and Northern Ireland, for debtors to help them write off their debts and repay their outstanding in a more manageable way. Mostly, an IVA Help UK service lasts for 5 years, and the debtor repays affordable amounts until the end of this period. After this period, the impending debts are all written off. Since the IVA is a legal agreement, you can waive off different kinds of debts in a safe and private way, and handle your finances thereon in a much better way.
Since it offers so many benefits and favorable terms, IVA has become one of the most frequently availed debt help solutions. Not just the debtors are relieved off their exorbitant debts, but even the creditors get paid at least some amount legally. With the help of an Insolvency Practitioner, up to 80% of your debts can be written off in agreement with your creditors, and you will have to repay only affordable amounts to your creditors.
With SwiftDebtAssist, applying for an IVA is pretty much easy. In just a few simple steps, you can start to have your debts written off to live a debt-free life.Get IVA Help Now
You can fill the online application form with the needed details and submit it on our website.
A licensed Insolvency Practitioner will study your debt issues & finances, and sort it out with the creditors.
The finance advisors in our network will process your request and will forward it to suitable debt advisors.
If your creditors agree with the debt solution, your debts will be written off and you can repay manageably.
For more help and advice, visit the Money Advice Service, an independent service set up to help people manage their money. Or find out more about the different options for paying off your debt here. IVAs are not available in Scotland. Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk