No matter how bad you feel your money situation is, there’s always a way to deal with debt problems and seeking debt advice is the best thing you can do. An Individual Voluntary Arrangement (IVA) is one option for people who are struggling with unsecured debts that they can’t pay back. It’s a formal debt solution that allows you to lower your monthly repayments, freeze interest and charges and sto
p lenders asking you for payment. With an IVA you pay an affordable amount each month, usually for five years and when the IVA is over the rest of your unsecured debts are written off altogether. Just call the number on this page and one of our experts will talk you through your situation and tell you whether an IVA could be right for you. If you enter into a debt solution with our partner, there may be costs involved, but they will never be more than you can afford and will always be taken out of your monthly payments to the IVA – not on top of it. Just click here if you want to know more about how the fees work. To find out more about managing your money, and to get free, impartial debt advice, visit Money Advice Service, an independent service set up to help people manage their money.
