Use an IVA to Save Your Budget
My family has been struggling financially for the past year and a half. We were unfortunate enough to agree to the attractive terms of an adjustable rate mortgage which became very unattractive very quickly when the rate adjusted. OUCH! While we are working with our lender to refinance our mortgage we are looking at consolidating our debt. We have found a company that will prepare an iva to present to our other creditors to reduce our monthly payments. An iva is an individual voluntary agreement that is entered into with creditors that outlines a plan to repay the debt with a reduction in the payoff amount. It looks like we can have all of this debt paid off in less than five years.
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