There are lots of websites and other promotors advertising individual voluntary arrangements ‘IVA’s’) as the savior for anyone looking to significantly reduce their debts. There’s no doubt that IVA’s can be effective in reducing debts but they’re certainly something that you need to go into with your eyes wide open. When you go into an IVA you essentially agree to make reduced (but fixed) payments to your creditors for a certain period (often over 5 years). At the end of this period any exc
More here: How good is an IVA at reducing your debts?
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