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Before you begin an IVA


Please take note of the follows things before you decide to get an IVA:

1) Take a close look at your financial situation: money in, money out, necessities, where you could save money, who you owe money to etc. Our budget calculator may help you with that.

2) Look at all the options available to you and read about them. IVA.net not only discusses IVAs but will also show you many other ways of managing your debts such as informal arrangements, debt consolidation loans, administration, and bankruptcy. There is not one solution for becoming debt free and it is important you understand the ramifications of the debt solution that you ultimately choose.

3) With a good knowledge of the options available to you and an understanding of what they mean it is time to speak to a debt counselor. A debt counselor can discuss the options available to you and explain them in more detail. They can then help you to commence proceedings for the option you both agree on.

4) Finally, it is important that before you enter any agreement, whether an IVA or not, that you understand the effect this will have on your life and that you are willing to live through it. You may have to downgrade your car, stop nonessential payments, and explain your finances to a practitioner and so on. It is very important that you realise this prior to proceeding and come to terms with it, as it will greatly affect your future financial success.

Are you eligible for an IVA ?

Try our simple debt solution calculator to find out.

To get the best information for your circumstances it is always recommended to speak with a qualified adviser. We could be helping you in a few short minutes in a friendly, no-obligation chat : Request a call back or call us on 0800 043 3329

Alternatively if you would prefer to receive information by e-mail, please feel free to contact us via this simple form.