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Write off up to 75% of your debts and become
debt free in 60 months
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What is an IVA?
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Write off up to 75% of your debts and become debt free in 60 months An IVA (Individual Voluntary Arrangement) is a legal, formal way to repay your debts, using one monthly affordable payment over a set period of time (normally 60 months). Your creditors will have a vote and they will have the overall decision to accept or decline the IVA offer and as long as 75% of accept the offer then the IVA has been accepted. . An IVA is not always the best option and you must qualify with certain criteria to apply for an IVA.
Protected Trust Deeds Criteria:
Do you have more than £14500 of debt?
Do you owe this money to more than 3 different
companies?
Can you afford to pay at least £200 a month
towards your IVA? |
IVAs Benefits:
One single affordable monthly payment
Write off up to 75% of your debt
Totally debt free in 60 months
Interest and charges stopped and frozen
Bailiff & Legal action stopped
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