Avail IVA Loans!

Know More About IVA?

IVA stands for Individual Voluntary Arrangement. It is a legally binding agreement between you and your creditor. IVA loans allow you to create a plan to repay your creditors and settle debts within a fixed period of time (normally 5 years). An insolvency practitioner presents your proposal. If 75% of your creditors agree to the IVA, it is adopted and this can result in a 50-95% reduction in debts!

With an IVA secured loan you can:

• Write off 75% of your debts
• Stop all legal action against you
• Freeze interest rates against your debts
• Cancel any existing CCJ’s
• Avoid bankruptcy
• Become debt free in 5 years or less

You can seek IVA advice from a team of financial experts. They can guide you get the best deal on loans. You can explain your situation to debt experts who will offer unbiased, confidential and friendly IVA advice debt depending on your personal circumstances. You can also avail bad credit loans IVA.

IVA facts at a glance:

• IVA stands for Individual voluntary agreement
• It is a government backed, legally binding contract
• IVA was introduced as a part of Insolvency Act of 1986
• IVA requires Insolvency Practitioners
• An IVA becomes legally binding once 75% of your creditors have agreed to the deal

If you were to compare an IVA with bankruptcy, the former is less severe. Unlike bankruptcy, your credit position will not be made public. Bankruptcy is always publicly advertised. On the other hand, an IVA is not advertised. Herein, all assets can be retained unlike bankruptcy.

Have you made up your mind on opting for loans for IVA? You can seek IVA help and find out today! You can also look online to know more about IVA. You can easily get the required details online.