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Video on What Is IVA Or Individual Voluntary Arrangement?
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What Is IVA Or Individual Voluntary Arrangement?
Jeremy Disusa


To qualify for IVA you must have minimum debt of around £ 15000 form at least 4 or 5 creditors.
Based on your budget or income a single manageable monthly payment is fixed for 3-5 years, which cuts around 70% of our debt and let you debt-free.
Have a Look of how IVA settlement cuts your debt.
Suppose you borrowed £20000 from five creditors so called A, B, C, D and E, but can not afford to repay the loan, you are able to manage only £8000.
Amount borrowed from each Creditor
A – 10000
B – 3000
C – 2000
D – 4000
E – 1000
After Full and Final IVA settlement you have to pay….
A – 4000
B – 1200
C – 800
D – 1600
E – 400
Thus your debt is fixed to an amount, you can easily managed and become free.
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