An IVA is not something you can arrange on your own; an IVA needs to go through the County Court. An Insolvency Practitioner is authorised by law to put forward your IVA proposal on your behalf. They will be your representative to your creditors, will do their best to get your IVA approved and supervise your IVA throughout its term.
To see if you qualify for an IVA try the One Advice 1 Minute Debt Test which will show you your options.
Contact our specialist IVA advisors today on 0800 019 5870 to see if you can start your debt free future with an IVA. The IVA process can be between four to six weeks so that we get all the forms completed and to arrange a meeting with your creditors. Remember that once the IVA has been approved, it is legally binding between both you and you creditors. All you need to do is pay back a reduced monthly payment for a period of about 60 months.
The first thing to do when applying for an IVA is to see whether you qualify for an IVA, and our professional IVA advisors are here to do just that! Please call One Advice today on 0800 019 5870 so we can take details of your finances and help you to begin your debt free future.