Will an IVA stop creditor phone calls?

We are regularly asked this question here at MY IVA Adviser. Will an IVA stop creditor phone calls? Let's face it, creditor phone calls are one of the most unpleasant parts of being in debt. The thought of having to face your creditors over the telephone and explain to them why you are unable to maintain your commitments is excruciating.… Read more

If you are in an IVA and considering making an offer of 'Full and Final Settlement' to your creditors, it is quite natural to try to calculate the size of the offer you are going to have to make, for it to be acceptable to your creditors. However, as you can imagine, it is rather difficult to find a calculation for something with so many potential variables.… Read more

IVA stands for Individual Voluntary Arrangement. An Individual Voluntary Arrangement, or IVA, is a formal debt solution which is designed to assist a person who is struggling with unaffordable personal repayments. The IVA does this by restructuring the expected repayments to a new affordable monthly payment, thus helping the debtor to keep up to date with the priority expenses, such as secured loans - like a mortgage or rent payment, and essential living cost - without the fear of legal recovery action being taken against them by their unsecured creditors.… Read more

As the debate over the suitability of Individual Voluntary Arrangements (IVAs) as an appropriate debt solution rages on, people with serious debt problems are finding themselves being torn over the mixed messages within the IVA advice they are receiving. This article hopes to help people who have equity in their property begin to understand how their equity will come into play - before, during, and after an Individual Voluntary Arrangement (IVA), especially in cases where an Individual Voluntary Arrangement (IVA) is the debt solution they use to become debt free.… Read more

How do you compare IVA companies? After all, you really don't want to be making a mistake with such an important decision at a time when you are feeling so vulnerable, so getting the best IVA company to represent your IVA case is essential. Here are a few tips that will help you make your choice...… Read more

IVAs are designed to assist any person struggling with an overwhelming debt problem, students included. But what happens when one of the debts is owed to the Student Loan Company?… Read more

In this current economic climate, every home owner is concerned about the equity value in their home. However, when you are in an IVA, equity levels take on a deeper significance. After all, potential falls in releasable equity could have implications on how your IVA is concluded.… Read more

As part of our commitment to inform the public about how IVA's work, everybody here at My IVA Adviser decided to create an articles section to our website. Full of ideas of what articles were needed to explain all about IVAs, and the pros and cons about IVAs as a practical debt solution, we began to write...… Read more

One of the main reasons financial difficulties arise is due to loss of income. Our ability to keep our finances in order is married to our ability to maintain a stable income, and without one we can't expect the other. There's no doubt about it, being made redundant or unemployed creates financial problems.… Read more

The question of which debt solution should be used, either IVA versus bankruptcy, remains one of the most difficult to answer. Principally it remains a matter of personal opinion, for an IVA might be considered the best solution by someone in a particular set of circumstances, whereas someone else in the same situation may consider the bankruptcy option as more favourable.… Read more