What is an Individual Voluntary Arrangement?
An Individual Voluntary Arrangement (I.V.A.) is a UK debt solution that can help you take on unmanageable debt that might causing a significant amount of stress if your life. Big debt problems can cause arguments which can lead to failed relationships with your partner, family, or friends. IVAs aren’t the perfect solution – chances are there are no perfect solution if you have major debt – but an IVA can help you pay off of a good portion of your debt. Some companies say that you’re entitled to 90% reduction in debts but you can’t trust those numbers. Each IVA case is different and each case so talk to a few companies before you commit to an offer. That’s my advice for the day.
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