Syndicate

Syndicate content

User login

Login/Register

IVA UK

Submitted by Paolo on Thu, 2008-01-03 15:18.

The IVA UK market is huge and there are a number of companies who will be able to help you arrange an IVA.

What you have to decide is whether an IVA is right for you. An IVA should only be entered into if you have severe debt problems, normally over £15,000 at the very least. If you're being advised to think about an IVA but have debts significantly less than this amount then you might be getting bad advice. Look into the alternatives and see what benefits each agreement holds.

Another thing to consider if you do have massive debts is whether you can afford to keep up the repayments you'll be required to make on an IVA. If you don't know, an IVA UK agreement will slice off a massive amount of your debt but you'll still have to make repayments on the remaining amount. If you have no money coming in at all then you'll probably have to consider a bankruptcy instead.

If you're able to consider an alternative to an IVA, like a debt consolidation loan or debt management plan then you definitely should. An IVA is a serious procedure and can leave a black mark against your name for a longer period of time. So if you're thinking of taking on an IVA, think long and hard before entering into an agreement as it's not always the best course of action, even if you do have severe debt.

We have lots more information on the IVA and can divert you to a range of UK companies offering the service.

 

IVA mis-selling

Channel 4 news had an item on mis-selling IVAs yesterday.

IVAs set to Increase

A leading financial expert has said the amount of people applying for Individual Voluntary Arrangements or IVAs will continue to rise over

Stricter IVA regulations rejected

Calls for companies who market IVAs to be slapped with stricter regulations have been rejected by the government.

Banks demand IVA meeting

Two of the largest banks in the UK are pushing for a meeting with the debt companies that provide the latest trend in debt management, IVAs

Record debt write-off

£1.4bn of bad debts were written off this year after people signed up for Indi

Demand for the IVA growing

A leading IVA specialist has reported a surge in the number of

Consumers told to consider alternatives to IVA

A leading financial comparison website has told people to

New figures show IVA will become first choice

It's been forecasted that IVAs will become the primary tool for servicing debt by the yea

Cost of divorce leading to more debt

Many people in the UK are underestimating the cost of divorce, leading to more single people falling into serious debt and filing for IVAs.

IVAs will increase despite best laid plans

The amount of people appling for IVAs in the UK will increase, despite many people trying to get a better hold of thier finances.

Banks begin IVA probe

An increase in the number of individual voluntary arrangements (IVAs) means Banks will continue to heavily monitor the conduct of debt management companies - according to one

January a bad omen for IVA decrease

Those expecting the demand for the IVA to weaken in 2007 have been dealt a massive blow after new findings uncovered that the number of people struggling with debt is on the

IVA numbers will skyrocket with base rate increase

It's feared by a number of financial analysts that a second base rate hike from the Bank of England will lead to more people being forced into insolvency and having to en

Base rate hold will decrease IVA expectation

The news that the Bank of England has once again decided against increasing the base rate means that almost certainly, less people in the UK will opt for an IVA.

Savings still not popular enough

A leading UK debt charity has warned that the IVA or Individual Voluntary Arrangement will increase in 2007 as consumers are still failing to save money to help service their

High pressure IVA becoming more common

More and more consumers in the UK are being bullied into agreeing an IVA by debt management companies who claim to be offering advice on dealing with personal debt.

Uneducated youth will add to IVA popularity

A leading financial charity have warned that uneducated children will grow up thinking debt is nothing to be feared, and add to the ever growing number applying for an IVA or

Bigger wages leading to more debt

People in the UK earning high salaries seem the most likely to have to apply for an IVA - according to a new debt report from the Consumer Credit Counselling Service (CCCS).<

What banks really think

The IVA has come under further fire from banks in the UK, who claim that people in debt are being influenced by people who should be advising them otherwise.<

New IVA figures

Two leading IVA companies in the UK have revealed that the demand for the service has increased rapidly so far in 2007 and is set to skyrocket even further in the coming week

OFT get tough with IVA companies

The Office of Fair Trading have investigated two IVA firms in the UK and have warned that others will follow if they don't adhere to strict regulations.

IVA companies get slap on the wrist

People in debt and thinking about applying for an IVA have been warned not to believe the promises that they hear made by debt companies in television and radio advertisement

The merits of an IVA

The IVA information centre have released a report that outlines the merits of the procedure and the extreme benefits it can hold for many UK consumers.

Bailiff concerns still a problem

People in the UK struggling with debt are accelerating their IVA applications because they fear being intimidated by bailiffs, who have increased power as a result of new leg

Another reason for increased insolvencies

Debt denial is the latest worry for debt companies, who fear the number of people applying for IVAs will almost certainly increase as a consequence.

IVA in the UK - Scotland might be the worst offenders

A new report from the IVA Information Center has singled out Scotland as being a strong source for insolvency problems, and stated that the country may see a steep increase i

Increased mortgage repayments set to boost IVA numbers

The Bank of England have once again increased the base rate, with more people in the UK set to struggle with mortgage repayments as a consequence, and more people having to c

Risky interest only mortgages may lead to IVAs

As interest only mortgages increase in popularity amongst UK borrowers, the number of people turning to IVAs to ease the burden of debt may be set to follow.<

Celebrity lifestyles lead to IVAs

Young people in the UK are in need of IVAs as they get themselves into debt through trying to live celebrity lifestyles.

IVAs in store for financial idealists

UK residents are getting themselves into difficulties which could lead to debt and IVAs because they aren't facing upto financial reality.

12next ›last »