If you are eligible for an IVA, you may be wondering which of your debts can actually be included on the agreement. Here, we will take a brief look at some of the debts that can and can’t be included on an IVA. Debts that can be included: Debts accrued through the following means of borrowing can be...

If you are on an IVA (Individual Voluntary Arrangement), and are looking to borrow some money, you’ll need to contact your IP (Insolvency Practitioner). Your IP is the professional who oversees your IVA and they’ll need to give their permission before you can apply for credit while your IVA is in...

If you are part-way through your IVA (Individual Voluntary Arrangement), and you realise that you are going to need to borrow some money, the question may spring to mind – will lenders conduct a credit check during an IVA? First of all, it’s important to note that if you’re on an IVA, you...

If you are finding your debts difficult to manage and you don’t think you’ll ever be able to repay them – an IVA (Individual Voluntary Arrangement) may be right for you. You may have heard / seen the phrase ‘IVA UK’ – which basically means ‘IVA in the UK’. IVAs...

If you are struggling with an unmanageable level of unsecured debt that you can’t see yourself repaying within a reasonable period of time, you’ll want to find a solution to this – a way of clearing your debts so you can get on with your life. In this situation, many people may...

An Individual Voluntary Arrangement (IVA) is a formal financial agreement designed to help you get out of debt – usually in 5 years (although this may vary depending on the terms of the agreement, and whether you miss any payments throughout its duration). An IVA could be suitable for you if you have a...

If your debts have become unmanageable and you are finding it difficult to regain control of your finances, then a professional debt management plan or an IVA (Individual Voluntary Arrangement) might be appropriate – but which one? Debt management plans and IVAs could help individuals: 1.    Lower...

If you are struggling with an unmanageable level of unsecured debt you can’t afford to repay within a realistic amount of time, but you can commit to making regular reduced monthly payments, an IVA (Individual Voluntary Arrangement) could be right for you. An IVA is a formal, legally binding agreement...

If you are struggling to keep up your debt repayments you will be pleased to hear that you could write off a chunk of your debt with an IVA. However, there are some strict rules to adhere to and you must be able to demonstrate the level of commitment needed. What debts will an IVA cover? An IVA is a form of...