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Individual Voluntary Arrangements (IVAs)
IVA, The Best Solution
If you have a substantial amount of unsecured debt, usually around £15,000 or more, an Individual Voluntary Arrangement (IVA) could be the solution for you. |
| It acts as a legally binding agreement between your creditors and you. Your interest charges will be frozen and an affordable monthly payment will be set over an agreed fixed period, usually 5 years. |
Benefits of an IVA
- An affordable monthly payment - usually for five years
- Your unsecured debt you can’t afford to repay will be written off
- The terms of the agreement is legally binding with you and your creditors
- You are protected from further action by your creditors
- An accepted alternative to declaring yourself bankrupt
- No public notices: an IVA is between you and your creditors
An IVA will give you a fixed term of payment and how much you have to pay each month, giving you total peace of mind.
Call Us
Enjay are here to help no matter what your circumstances: illness, over-committing yourselves, divorce, losing a business or job or starting a family. Call Enjay Free on 0800 612 7958 so we can assess your situation and help find the best solution for you.. |
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