Click Below to Review the Standard Terms and Conditions for IVAs
IVA Standard Terms and ConditionsMDC Complaints ProcedureOnly applicable for an
Individual Voluntary Arrangement (IVA) - Conditions Apply: Subject to eligibility. Debt write off applies only where an
IVA is suitable, adhered to and at the end of the arrangement. This relates to
unsecured debts that were included in an
IVA and does not include any secured debts, mortgages or Hire Purchase items. Alternative solutions may be offered if they are appropriate for your circumstances. Failure to adhere to an
IVA can result in bankruptcy. An
IVA should only be considered in extreme circumstances. It is a formal, legal agreement supervised by an
Insolvency Practitioner and will have a significant effect your credit rating for up to 72 months after initial default.
Fee Payable – this is paid out of your agreed monthly contributions in your IVA and you will be notified of this in advance. Homeowners may be required to re-mortgage/ introduce funds, during the term of the arrangement.
Money Debt and Credit Ltd: Registered Office: 45 Clarendon Road, Watford, Hertfordshire, WD17 1SZ. Consumer Credit Licence Number: 0580960.
Insolvency Practitioners at Money Debt and Credit Ltd act without any personal liability.
Money Debt and Credit Ltd, Registered in England & Wales No.05588842.
Registered Office: 45 Clarendon Road, Watford WD17 1SZ
Consumer Credit Licence Number: 0580960