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What are the advantages of an IVA?

April 26, 2017advantages IVA

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What are the advantages of an IVA?

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Before taking personalised IVA advice, there are questions that many people want answers to. Understanding the benefits of an IVA lets you make an informed decision on whether it is the right solution to clear debt for you. An IVA allows you to agree a fixed monthly payment with your creditors. Once you have entered into an IVA, all interest and charges are frozen, and after you have made your final payment, all outstanding debt is legally written off by the creditors.