An IVA (Individual Voluntary Arrangement) is a potential debt solution that could reduce your debt and make you debt free within a period of five years.
An IVA can be a serious and complex procedure and it is highly recommended that you seek IVA advice before proceeding with such a process, as an IVA could affect your ability to obtain credit in the future.
IVA’s are not right for everybody and by getting IVA advice, from trained debt advisors, is highly recommended if you are to find the solution that is right for you. If not, many IVA advisors will be able to guide you as to which options are available and appropriate for your situation.