Skateserbia.com

An Individual Voluntary Arrangement (I.V.A) is generally a legal binding agreement between you and your creditors. This binding will be supervised by well ranked chartered accountants who are also the well known insolvency practitioners. Individual Voluntary Arrangement could be said as the best solution for you if you have debts of over £14000.

According to the agreement of Individual Voluntary Arrangement, it will cut the total amount that you have to pay; Individual Voluntary Arrangement will remove any threat that has been imposed to the home you own and it will also freeze the interest amount that you have to pay. Your creditors would be legally bound and hence they wont come chasing you at any instance and you’ll have a fixed and really affordable monthly repayment schedule to pay back.

If you have debts over £14000 and if you really don’t possess the equity in your property or any other big enough surplus to consolidate on the debt using a re-mortgage then Individual Voluntary Arrangement (i.v.a.) is the best route to become debt free. If you possess any assets, say your house, that you dont want to sell and wish to retain it then, an Individual Voluntary Arrangement will be the best solution for you.

Cleardebt does not charge you any amount for their advice and assistance in getting you the IVA. After you get your Individual Voluntary Arrangement sanctioned Cleardebt would take their Nominees and Supervisors fees as approved by your creditors, out of the agreed monthly contribution.