What is an IVA?
IVA stands for Individual Voluntary Arrangement and is one method of reducing debt. An IVA is a formal arrangement between you and your creditors where you can have up to 70% of your debt written off. It is not all good news however, you may have to remortgage and there are also significant administration fees. To find out more about IVAs, what they are and how they work, listen to our expert!
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