WEBVTT Kind: captions Language: en-GB 00:00:00.610 --> 00:00:04.090 If you're buried in debt and struggling to keep up with your repayments. 00:00:04.090 --> 00:00:06.130 Then have you considered an IVA. 00:00:06.130 --> 00:00:09.416 An IVA is a fixed term plan, typically five years, 00:00:09.416 --> 00:00:12.500 that legally protects you from your creditors, 00:00:12.560 --> 00:00:16.970 freezes interest payments and cuts your monthly repayments to an affordable level. 00:00:16.970 --> 00:00:22.040 Better still, an IVA writes off any debt left unpaid when the IVA finishes. 00:00:22.040 --> 00:00:23.100 But shockingly, 00:00:23.102 --> 00:00:25.150 current statistics tell us, 00:00:25.150 --> 00:00:29.060 that 1 in 4 IVAs fail to complete successfully. 00:00:29.070 --> 00:00:33.340 If your IVA fails to finish. You could end up back at square one, 00:00:33.340 --> 00:00:38.829 still in your original debt having paid thousands of pounds in IVA fees. 00:00:38.829 --> 00:00:42.470 Until now all IVAs have been run on a commercial basis. 00:00:42.470 --> 00:00:44.410 But now you have a choice. 00:00:44.410 --> 00:00:49.210 IVAorg, is a not for profit company with an ethical and fairer approach. 00:00:49.210 --> 00:00:54.300 Removing the standard practice of charging non-refundable front-loaded IVA fees. 00:00:54.300 --> 00:00:58.450 Furthermore, if for any reason beyond your control your IVA fails. 00:00:58.450 --> 00:01:02.829 Then IVAorg pledges that the fees you paid will be used to reduce your debt. 00:01:02.829 --> 00:01:05.780 Guaranteeing your no worse off. 00:01:05.780 --> 00:01:09.580 IVAorg changing the way IVAs work for you.