IVA : Advertising Clamp Down For IVA Factories.

The Office of Fair Trading (OFT) has criticised companies offering debt advice for misleading customers. The OFT has written to 17 of the companies who use television, newspapers and the Internet to advertise their services, and has warned them that it will consider taking formal action if do not amend their ways. The OFT said that some of the companies who offer Individual Voluntary Arrangements (IVAs) as a debt solution were misleading their customers for not explaining where administration charges were being charged, and also failing to point out to homeowners using Individual Voluntary Arrangements (IVAs) to clear their debt problems that they may be required to release equity from their property as a condition of the Individual Voluntary Arrangement (IVA). The OFT also pointed out that some companies were failing to inform their clients that an Individual Voluntary Arrangement will impact on their customers credit rating for 6 years. At My IVA Adviser we believe it is only right that people searching for a solution to their debt problems are given all the necessary factshttp://www.my-iva-adviser.co.uk/ivaguide.php, to enable them to make their own decision as to their preferred route out of debt. If you would like to discuss a debt problem with any of our debt advisers, just call 0800 088 7503 anytime.