IVA Advantages
There are many advantages to an IVA but you must be aware an IVA is not always the right decision and should not be entered into lightly.
First you must find out if you qualify and if you qualify we advise you read up in full about the advantages & disadvantages of an IVA.
- All interest and charges are guaranteed to be frozen.
- The total amount of outstanding debt will be reduced by upto 75%.
- No more threatening letters or bailiff/court action.
- You will NOT lose your home.
- Guarantee to be debt free within 5 years (60 months)
- An IVA is to suit your needs and NOT the creditors.
- You can still operate a normal bank account.
- The amount you have to pay is in accordance with what you can afford.
- It is a legally binding contract so the creditors can't back out as long as you maintain the payments set out in the contract.
Click here to see some of the disadvantages of an IVA