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Owe money? Here’s how you can write off up to 85 per cent of your debt

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written off with the help of what's called an IVA. IVA stands for Individual Voluntary Arrangement. They are tailored to your specific financial circumstances.An IVA allows a person to only repay a percentage of their unsecured debt to their creditors in affordable monthly payments, usually over a fixed term of five or six years - then after that, the remaining debt is written off.Debt Movement can look at your level of debt, your income and expenditure and your monthly surplus for free, and give you all of the options available to you for you to decide which one would best suit your lifestyle.

Once you have chosen a solution, fees will be payable but they will come from your agreed monthly, affordable payment and will not be extra.If.

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