We do our best to provide information all around IVA and offer You comprehensive advice for a successful IVA application in all cases of bad credit. Please feel free to contact us on any matter that might cross your mind regarding IVAs and use our contact form or the IVA application form directly. We will get back to you with professional advice on IVA.

One of the most preferred forms of debt elimination in the UK is an IVA or Individual Voluntary Agreement between debtors and creditors. This form of debt elimination is the best way to avoid filing for bankruptcy and does not require the purchase of any kind of debt consolidation loans or programs. Unlike debt consolidation loans, IVA cannot be used by everyone in debt, because there are some basic criteria, which you need to match. Usually IVA is the best solution for people with major unsecured debt, a total sum of over £15,000, owed to three or more different lenders or creditor companies. Finding the best IVA might be difficult, but with proper analysis and research you can find the best companies offering an IVA, which will get you out of debt.

An IVA usually takes five years, during which period you need to make monthly payments, defined by your Insolvency Practitioner and creditors; if you want to apply for the best IVA you need to have at least £250 for monthly payments, but this depends on agreements and common decision between the creditors and IP. With an IVA you agree to clear all of your debts, by paying off the part of the debt you can afford over 5 years; the best IVA can help you write off up to 65% of your debt, but this procedure needs and experienced Insolvency Practitioner and your ability to manage your monthly IVA payments.

With the best Individual Voluntary Agreement you will pay off one part of your debt and after five years you will become totally debt free. You will no longer have to be afraid of going bankrupt. With an IVA all creditor harassments, phone calls, raised interest rates and late fees and payments to four creditors and collection agencies will all end. You will have to make only one affordable monthly payment, which will be disbursed among your creditors and after five years of payment you can breathe up and start a debt free and trouble free life.