☛ You may get problems in credit for six years after you start IVA. ☛ You may not borrow more than £500 during your IVA without written permission from your insolvency practitioner (IP). ☛ Any potential future income or assets may be impacted by having an IVA. ☛ Monthly payments will be affordable, but you need to have a budget for the payment, you missed more payments then will affect your rating.
☛ Only Pay What You Can Afford ☛ Protects Your Future. ☛ Protects Your Assets ☛ Protects Against Legal Action ☛ Protects Against Interest ☛ Protects Against Creditor Fees ☛ Protects Against Creditor Harassment ☛ Protects Your Reputation ☛ Protects Your Income ☛ Provides Possible Debt Write-Off ☛ Protects your Hire Purchase Agreement