Debt Management: Subject to status. Conditions Apply. Repaying debt over a longer period may increase the total to be repaid. Your ability to obtain credit will be affected in the short term and might be affected in the medium to long term. Fees Payable. IVA, an IVA is a serious undertaking, it may damage your credit rating for up to six years. If you own a property it will be safe in an IVA, however you may be required to remortgage and release additional funds for creditors after three or four years.
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