Our calculator will help you to decide whether an IVA is right for you.
Are you unable to make timely payments to your creditors and in turn getting bad credit history recorded against your name? Then IVA program can help you immensely in this regard.
Bankruptcy signifies the inability of an individual or organisation to pay back debts to lender. This is a serious problem for the borrower as it creates bad credit history that adversely affects future loan possibilities. The fact of the matter is that banks and other financial institutions always avoid giving loans and credits to such people having bad credit history. It is always advisable to look for modes such as debt consolidation, IVA, and debt management among others. In fact, these arrangements assist to cope up the troubles of after bankruptcy situation in a better way.
What is IVA?
An IVA (individual voluntary agreement) is basically a legal agreement between creditors and borrowers. Under this, repayment program is made with the help of expert’s advice and debtor makes payments accordingly. Within stipulated time, the entire amounts of payments get paid. Following are presented some of the benefits attached with adopting this measure:
There are online companies available that provide debt solutions. The biggest advantage attached with these companies is that they have panel of experts that have advance knowledge in bankruptcy law and provide best possible advice to all their customers. It is highly recommended to avail the services of these companies in order to get away from bankruptcy complexities conveniently.