Your home may be repossessed if you do not keep up repayments on your mortgage.
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IVA's Eligibility
Who is eligible for an Individual Voluntary Arrangement (IVA)?
IVA eligibility depends on your personal circumstances. Normally personal debts must be above £15,000 and there should be 3 or more different creditors. A person must be in a position to be able to offer a reasonable monthly payment to their creditors. This will vary depending on the debt. However, as a guide, you will usually need to be able to afford at least £200 per month.| Previous : What is an IVA? | Next : What can be included in an IVA? |
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