What is IVA or Individual Voluntary Arrangement?

Full and final IVA settlement or lump sum IVA settlement is a legal process where there is a contract between you and your creditor which cuts your debt to an affordable level and helps you come out of enough debt overhead and thus avoid the consequences of bankruptcy, CCJ’S.


To qualify for IVA you must have minimum debt of around £ 15000 form at least 4 or 5 creditors.

Based on your budget or income a single manageable monthly payment is fixed for 3-5 years, which cuts around 70% of our debt and let you debt-free.


Have a Look of how IVA settlement cuts your debt.

Suppose you borrowed £20000 from five creditors so called A, B, C, D and E, but can not afford to repay the loan, you are able to manage only £8000.


Amount borrowed from each Creditor

A – 10000

B – 3000

C – 2000

D – 4000

E – 1000


After Full and Final IVA settlement you have to pay….

A – 4000

B – 1200

C – 800

D – 1600

E – 400

Thus your debt is fixed to an amount, you can easily managed and become free.

secured personal loans, lump sum iva