PROTECTS your assets, such as equity in your home, by preventing your creditors from forcing you to sell up in order to pay them back.
FREEZES all the interest payments on your unsecured debts including your credit cards and store cards.
WRITES-OFF any of the unsecured debt you can't afford to repay within a fixed time frame, immediately giving you light at the end of the tunnel.
PREVENTS legal action from being taken against you, removing the threat of bailiff action and bankruptcy.
TACKLES any unmanageable debt levels above £10,000 and deals with all your loans, credit cards, store cards and other unsecured debts in full.
STOPS late payment charges and fees, giving you the reassurance that your debt has stopped growing.
An Individual Voluntary Arrangement, or IVA, will allow you to reduce your normal monthly debt repayments to a single affordable monthly payment.
It will provide legal protection from your creditors, whilst you only repay what you can afford, giving you peace of mind and, once the IVA is agreed with your creditors, there will be no more CCJs and no bailiff visits.
Unlike an open-ended Debt Management Plan, your Individual Voluntary Arrangement will have a fixed time frame which is normally 5 years, giving you the assurance that there will be light at the end of the tunnel for your debt problem.