Saturday, October 27, 2007

I Got IVA, Now What?

IVA (Individual Voluntary Arrangement)where you only pay a certain amount of your total debt sounds like an easy way out for those who owes a lot but then this is not for every debtors. IVA is only for those who owe over £15,000, you owe to three or more different creditors, your income will allow you to make the minimum payments and you are in regular employment with a steady income.

Even though you meet the above criteria, I would still recommend you to get IVA Advice from It is not a matter of getting the IVA, you will also need IVA help in living with an IVA, consequences if you fail IVA, and getting advice in remaining debt free after IVA.

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