Traditionally an individual voluntary arrangement (IVA) is paid monthly over a period of five years. However, it is also possible to undertake an IVA using a single lump sum payment meaning that the full arrangement is settled straight away.

Instead of proposing that creditors collect their money on a monthly basis, they are offered a single one off payment.

This option is welcomed by creditors as they receive their money up front in a single sum. This reduces their costs and the risk that a five year IVA could fail before the payments are completed.

How to Start

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Call us now on 0800 077 6180 to discuss how an IVA might solve your debt problem