An IVA is a formal arrangement between you and your creditors, where an agreement is reached for you to pay back your debt over a period of time.

Once agreed, an IVA stops your creditors from contacting you, until your debts are paid off in full. Your monthly payments are based on your Disposable Income, and generally are repaid over a period of 60 months.

Once the term is fulfilled, you will no longer need to make any more payments, and the remainder of your debt will be written off, sometimes by up to 75%.

For further information, please call our specialist advisors on FREEPHONE 0800 954 0452, or please submit your information, using the Quick Enquiry Form. Debt Connect is a Manchester based Debt Management Company.