What Is IVA And How Can You Freeze Interest With An IVA
IVA stands for Individual Voluntary Agreement, which is a kind of agreement between you and the person you owe money. With this agreement, your creditors may agree to reduce interest on the debt, reduce the amount you pay and freeze interest on debts. But, you need to make payment of the set amount which is agreed. The set period is usually five years time. After the end of this tenure, your debt will be set.
