IVA Articles

If you are concerned that your IVA will affect your parents credit rating because you still live at their address, don't be. Your IVA is just that - 'Your IVA'. Not your parents!!… Read more

The good news is your landlord is not automatically told about your Individual Voluntary Arrangement (IVA) and therefore it is highly unlikely that your landlord will find out about your IVA.… Read more

A second charge is a legal charge put on a property in favour of a lender.… Read more

A default notice is a formal letter issued on behalf of a creditor to a borrower. A default notice declares that predetermined payments have not been paid and are now in arrears.… Read more

Yes, you can include a County Court Judgement in an IVA. A County Court Judgement not only can, but must be included in your Individual Voluntary Arrangement (IVA).… Read more

A "Capital and Repayment" mortgage is a mortgage where the mortgagee makes monthly repayments, part of which includes a repayment of the capital borrowed as well as a repayment to the interest of the total mortgage loan.… Read more

An "Interest Only" mortgage is a mortgage where the mortgagee's monthly repayments only repay the interest due on the outstanding loan, at a prearranged interest rate.… Read more

A Hire-Purchase agreement is a mechanism for borrowing money in order to buy goods.… Read more

The affordability of an Individual Voluntary Arrangement (IVA) is crucial to the long term success of the Individual Voluntary Arrangement (IVA).… Read more

Another regular question we are asked by our visitors. Can I change cars in an IVA? The answer to which is quite simply - yes, you can change cars in an IVA.… Read more