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SKU: 1.84
  • Advice

    An individual voluntary agreement (IVA) is a legally binding agreement between you and a creditor to pay back debts over time. Essentially you must be insolvent. Simply put your combined debts must be higher value than your combined assets. Furthermore, not all creditors approve the application, especially when they can secure the debt against your home with either an existing legal charge (mortgage company) or a charging order. As a general rule, you will be eligible for an IVA if you have some available income, have unsecured debts of over £10,000 and live in the UK or Northern Ireland (residents in Scotland will need to consider a Trust Deed instead). If you meet a good majority of the criteria above, you have a good chance of being approved for an IVA. The repayment period is usually 5 or 6 years.


    How we can help

    Your personal caseworker will discuss the options with you to and, if instructed will appoint one of our excellent third-party independent financial advisors who can look at the situation and advise whether an IVA is your best option. Please note we make no commission from these referrals but do need clients to open a case so that we can prepare a financial brief for them. To gain our assistance you need to open a case, this is done by simply clicking on the link at the top of the page, you will then need to deposit a sum equal to one hour’s usage, upon receipt of these funds you will be assigned your personal caseworker who will telephone you to discuss the matter and make suggestions on how to proceed.


    Living under the restrictions levied on individuals can have significant mental health effects, to address this any client who uses Lestons to arrange their IVA gets 100 hours of free mental health support from our in-house psychological team. To create a case so that we can liaise with you over your needs just click the link at the top of this page, our staff are ready and eager to assist you in any way possible.


    Please note your caseworker can only give generic advice, their role is to prepare your details for handling by our appointed financial advisor and to act as your point of contact, they will also issue you with your Password and PIN, these will be needed to log onto your client dashboard. From your dashboard you will be able to manage and view every aspect of your case, upload documents, images, files etc.

Click hear to book your

free initial consultation:

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