Did you hear the one about ‘writing off up to 80% your debts’? We have too. Unfortunately some of the myths about Individual Voluntary Arrangements (IVAs) can have very little to do with the reality.
These myths can confuse people considering an IVA as a solution to their debt problems, and those living on one. We’re here to help.
Let’s look at the most common misconceptions about IVAs and the facts behind the myths: