Are there any disadvantages to entering into an IVA?
Are there any disadvantages to entering into an IVA?
- If you fail to adhere to the IVA terms, your creditors may take legal action against you.
- An IVA remains on your credit file for six years. It will adversely affect your ability to obtain credit during this time, and potentially for some years after.
- Your IVA will be included in a public register of insolvencies.
