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Free Yourself From The Pressures Of Debt With An IVA (Individual Voluntary Arrangement).

What Is An IVA?

An IVA is a formal agreement between your creditors and you to repay an amount you can afford to pay off your debts. These agreements are legal and a very powerful tool to help get you back to financial stability. For those who have taken on more debt than they can repay and are struggling with even their minimum monthly payments, an IVA was designed just for their situations. Usually, the repayment period for an IVA is five years (60 months). For this entire period, you will have to pay certain amount per month, and when the 60 months are over, your creditors are obliged by law to cancel any of your remaining debts.

How Long Will The Setup Take?

How Can I Apply?

You may complete the form right here or call us at 0800 043 2027. Our experienced advisors stand ready to help you with a "no obligation" quote. They will help you to determine a monthly payment that you can comfortably afford, and explain the entire process. We will then send all documents to

you for your review. We can begin to process your agreement as soon as we receive your paperwork that you have returned.

* The typical period for an IVA is 60months, although depending on affordability could be taken over a longer period.

Be free from the pressure of debt!

Simple Financial Solutions Ltd (SFS) is an introducer and not an insolvency practice. With your approval, following advice from your SFS adviser, if you choose to go ahead with an IVA then we will pass a completed fact-find to an Insolvency Practitioner who will then present a proposal to your creditors.

All topics covered are written by the author John Woods for the website. Debt Solutions Subject to conditions and acceptance. Credit rating may be affected. Repaying debt over longer period may increase the total amount to be repaid. Fees payable if continuing services provided. Alternative free-to-consumer debt advice organisations as recommended by the Money Advice Service. Call charges may apply if calling from a mobile. *You may be required to pay a contribution towards your debts. This contribution is assessed based on your income and expenditure and can last for 60 months or longer.

Category: Bank

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