Can you get an IVA in Scotland? This is perhaps one of the most pressing question asked by folks living over in Scotland. Yes, you can. However, in Scotland, IVA is known as Protected Trust Deed, but it works the same way, and the amount of unsecured debt required to enter the deed is also lower. There are some certain advantages of going for IVA.

At the same time, it can have certain downsides as well. However, we are not here to talk about advantages, or the downsides. There are some convincing reasons that you might want to go for IVA. That is why I am going to look at some of them to see whether you should opt for IVA or not.

You Want an Easier Way to Pay Off Your Debt

Simply put, most of the people who opt for IVA in the first place are the ones who are looking for an easier way to pay off their debt. Considering how in IVA, you are required to pay a monthly amount that is fixed, it becomes much simpler and easier for many people.

You Don’t Want to Face Bankruptcy or Repossession

Bankruptcy and repossession is not something that is good. No matter how hard the times become, it is never a good thing to file for bankruptcy. If you want to avoid it, one of the most effective ways of doing is to go for IVA. Sure, it has some downsides, but it is far, far better than filing bankruptcy and will allow you to repay your debt a lot easily. You just need to be sure that your creditor actually agrees upon this, and if he or she does, then the remaining process is rather easy, and shouldn’t be an issue.