Individual Voluntary Arrangements, or IVAs, are an alternative solution to bankruptcy. An IVA allows you to make arrangements with the people you owe money so you can reach a final, legally binding
settlement. Initially what happens is you visit a financial expert in person, at their office. You then present your situation, and he will decide if it is something you can and should accommodate in your efforts to get debt free.

What the IVA does is it replaces all your current payments with one affordable monthly payment, which is paid over a period of five years. After that time, any remaining debts are written off and you become completely debt free. Once you’ve committed to an IVA, you could become debt-free in sixty months. What a nice debt solution that is eh?

How to get an IVA – this is easy enough, visit debtfreedirect.co.uk site then call the customer service, or if you are calling from a mobile just let them know, the debt advisor will call you back. Fill out all your information including your full name, mobile phone number and of course the total debt onto the form provided on the site and then the advisor will prepare the debt solution for you to help your ever increasing debt problem.

Can’t sleep, can’t eat, can’t work, can’t relax, these are all horrible feelings you get when you are in debt. What you want to do is really rationalise why you have your huge debts in the first place. Don’t be shy to talk about your debt problem because it can literally happen to anyone. If you can, sit down and try to find a way out of your financial situation, you have made an important first step. An IVA is certainly then worth a try. Trust debtfreedirect.co.uk to be your number one partner to with which to share your debt problem.

Just a last final note. Never confuse an IVA with a debt management plan. Debt management plans are different in a few aspects, notably that they are not legally binding. Also, you must be very careful when looking around for the best company to push forward an IVA with. This is because there are many unregulated companies offering similar sounding agreements, which in fact are complete lies aimed at taking as much cash from you as possible in a short amount of time. Which ever country you reside in, make sure to pay attention to TV programmes, and the media in general, that uncover these debt criminals. As with everything , try to be well informed at all times!