Individual Voluntary Arrangement (IVA) Example
Example of how an Individual Voluntary Arrangement (IVA) can help with your debt problems|
Unsecured loan |
£13,000 |
|
Credit card |
£7,000 |
|
Store card |
£5,000 |
|
Total owed |
£25,000 |
|
60 monthly payments |
£120 |
|
Total repayment |
£7,200 |
|
Debt written off |
£17,800 |