Individual Voluntary Agreements or in short IVA is nothing but a legal contract between you and your creditors,and enables you to reach a compromise with your creditors. This agreement is legally binding and helps you to avoid the consequences of bankruptcy. Apart from it IVA enables you to cut your debts to an affordable level and clear them over a fixed repayment period.

IVA can offer you manifold benefits. After you opt for this agreement you are protected from any legal action by creditors. Your unpaid debt is repaid in affordable monthly installments and as a result your current debts do not increase. The owed interest and charges are frozen once you accept the agreement and your current debts find no room for snowballing. You are prevented from calling by the creditors and the the peace of mind is restored. This agreement prevent bankruptcy proceedings on existing debts.

When you’re struggling with debts of £15,000 or over and feel that your debts are out of the grip, an IVA (Individual Voluntary Arrangement) could be the tailor made solution. Backed by Government legislation, this agreement offers full protection from your creditors if the agreed amount is paid timely. Apart from this there are expert advisers who will provide free IVA advice and talk to you about your financial circumstances. Once the IVA expert is informed about your financial details, you are offered the cost effective solution for the problem if you qualify for it.Shakespeare Finance has a tie up with a number of companies offering IVA services and it would help you in availing this service.

Apply for the individual voluntary agreement now and we will try to ensure that your peace of mind is reinstated.