IVA's Explained
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| Benefits at a glance |
- Government backed legislation
- Creditors stop ringing and writing to you
- Interest and charges on your debts are frozen
- You only pay back what you can afford
- You have a fixed end point
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What is an IVA? |
| If you have unsecured debts of over £15,000 and are unable to meet your monthly repayments, an IVA could be the best option for you. |
Debt Free Within 5 Years |
An IVA (Individual Voluntary Arrangement) is a legal agreement between you and your creditors, where you agree to pay an amount you can afford each month, allowing your assets, such as your home, to be protected. The duration of an IVA is typically 5 years (60 months), and on completion, whatever debt you have left is written off, leaving you DEBT FREE.
An IVA is the only affordable solution where part of your debt can be legally written off, leaving you Debt FREE. Every other debt solution, excluding bankruptcy, will INCREASE YOUR DEBT.
By law, only Insolvency Practitioners are allowed to manage and supervise an IVA. So with X-debt, you are certain of professional, expert and impartial advice, giving you real peace of mind.
The IVA Process explained >> |
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