During an Individual Voluntary Arrangement, or IVA, your lifestyle will need to change. You will have to stick to a budget to stay on top of debt, so you may have to adjust to a more modest way of living.

During an IVA your new lifestyle will also mean you have to learn how to live without relying on credit cards, store cards and loans in order to get out of debt. Your IVA lifestyle without credit may take some getting used to at first, but will be worth it for becoming debt free.

For the latests insights and comments on becoming debt free and living with an IVA, read our Blog.