Tuesday 4th of May 2010
Individual voluntary arrangements (IVAs) give Brits the chance to cut down on their spiralling unsecured debts over a period of around five years.
And this could be why seeking IVA answers may be the sensible choice when it comes to getting help with your money troubles.
According to the Consumer Credit Counselling Service’s external affairs director Delroy Corinaldi, people who are trying to face up to their financial problems need to make sure they have advice available to them, be it "online, face-to-face or over the phone".
Researching IVA FAQs, therefore, could be one way in which you can start the process of pulling yourself out of the red - if you have unsecured debts on credit cards and personal loans worth more than £15,000.
And you might find yourself debt-free in five years time and pleased you took the option of seeking debt advice before your financial problems spiralled out of control.
By Rachel Powell
- House price rise 'may not indicate recovery'
- Equity release 'needs to be increased'
- Need for IVA help could increase as expert predicts reduction in lending
- Government announces 'breathing space' for those needing IVA help
- Lack of subprime lending creating need for IVA help, expert suggests
- IVA answers may ease concerns of card addicts
