What is IVA?
If you’re wondering what an IVA is and what it stands for you’ve come to the right place. An IVA is an individual voluntary agreement. This is essentially a way for a debt counseling agency to help you to remove debt you cannot afford. With one of these there are ways to work with the credit source and to reduce your bills by offering them part of what you owe as opposed to none of it. Other ways this works is through a 5 year agreement to make payments for a certain amount. The I.V.A. is something you must qualify for.
