IVA Criteria
We can accept customers that fit the following criteria:
- £17,000+ of unsecured debt per applicant
- A minimum of 3 unsecured creditors
- Minimum disposable income of £200 per month
- Employed or Self Employed
- Resident in England and Wales
- Little or no equity in home
Submit Enquiry ยปAn Individual Voluntary Arrangement (IVA) with Money Debt & Credit
An Individual Voluntary Arrangement (IVA) is a legally binding agreement between the customer and their creditors. Due to its formal nature, an IVA has to be set up by a licensed Insolvency Practitioner (IP).
Money Debt and Credit employs its own IP's to set up and supervise all IVA's in-house.
The arrangement usually lasts for a period of up to five years, after which the customer will be clear of the debts included in the arrangement.