An IVA (Individual Voluntary Arrangement) is a formal agreement between your creditors and you to repay an amount you can afford to pay off your debts. These agreements are legal and a very powerful tool to help get you back to financial stability. For those who have taken on more debt than they can repay and are struggling with even their minimum monthly payments, an IVA was designed just for their situations. Usually, the repayment period for an IVA is five years (60 months). For this entire period, you will have to pay certain amount per month, and when the 60 months are over, your creditors are obliged by law to cancel any of your remaining debts. For more information visit website #iva online.
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