Joined: 28th May 2015
Website: | www.nationwidedebtconsultants.co.uk |
An IVA is a legally binding agreement between you and your creditors. The agreement states that you will make fixed monthly payments each month into your IVA, and in return they will accept lower payments over a fixed term, usually 5 years, and write off any debt that has not been repaid in this time.