PAO DEBT MANAGEMENT ACCOUNTING LIMITED
平安債務管理會計事務所
Income restructuring plan (IVA)
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How does an
Income Arrangement (IVA) work?
An IVA restructures your debt into affordable monthly payments that are paid over a set period of time (usually 5 years). At the end of the plan, the unpaid portion of your debt will be forgiven, allowing you to start over.
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IVA
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What are the requirements for applying for an IVA?
Applicants must have a stable income, a total debt exceeding a certain standard, and must show that they cannot repay the debt in full. They are usually required to provide a detailed financial report.
How will an IVA affect
my credit score?
Applying for an IVA will have a negative impact on your credit score and this information will remain on your credit report for about 6 years. This may affect your future loan applications and credit card issuance.