This page contains information about debt solutions available in England, Wales and Northern Ireland. Debt advice in Scotland involves similar but different solutions. Before considering an IVA as a debt solution, please make sure you fully understand the risks involved when entering an IVA.
If you’re with StepChange Voluntary Arrangements an Individual Voluntary Arrangement (IVA) is the best solution to your financial difficulties.
Having your IVA approved is a massive achievement. Provided that you stick to the terms of the IVA proposal there is a set time frame for you to be debt-free.
Once you’ve paid as much as you can during this time your creditors will write off some of your debt.
In this article we’re giving our top tips on how to cope once your IVA is approved and up and running. If you follow these five tip top tips your IVA will be a much smoother ride.