Managing unmanageable debt can be challenging, but an Individual Voluntary Arrangement (IVA) offers a structured solution. If you’re considering this option, it’s important to understand how long the process lasts and what happens once the IVA is completed. This guide breaks down these aspects to help you make informed decisions about your financial future. What…
An Individual Voluntary Arrangement (IVA) is a practical solution for individuals struggling with unmanageable debt. While it helps avoid bankruptcy and provides a structured way to repay debts, it can significantly impact your credit score. However, improving your credit score during and after an IVA is achievable with careful planning and commitment. Here’s how you…
For homeowners facing financial difficulties, managing debts while protecting their home can feel like a delicate balancing act. If you’re considering an Individual Voluntary Arrangement (IVA), understanding how equity in your home factors into the process is crucial. Here’s everything you need to know about the relationship between equity and IVAs, and how to safeguard your…
The Individual Voluntary Arrangement (IVA) has long been a popular solution for individuals struggling with debt, offering a formal way to pay off debts without resorting to bankruptcy. As we enter 2025, there have been some key changes to the IVA rules that could affect both existing and new applicants. Whether you’re a UK citizen…
Understanding the Legal Framework of IVAs in the UK – A Step-by-Step Guide If you’re struggling with debt and need a legal solution to regain control over your finances, an Individual Voluntary Arrangement (IVA) might be the right choice. IVAs are formal, legally binding agreements between you and your creditors that allow you to repay…
Completing an Individual Voluntary Arrangement (IVA) is a significant achievement for many UK citizens struggling with debt. However, one of the challenges that follows is rebuilding your credit score. An IVA can remain on your credit report for up to six years, which can make it difficult to access credit during this time. Fortunately, with…
If you’re struggling with debt, an Individual Voluntary Arrangement (IVA) can be a life-changing solution that helps you regain control over your finances. However, navigating the IVA process and staying financially stable during this time can be challenging. Here are some top money-saving tips to help UK citizens maintain financial stability while applying for an…
When you enter into an Individual Voluntary Arrangement (IVA), managing your finances effectively becomes crucial. The IVA process allows you to repay a portion of your debts over a set period, but sticking to a strict budget is key to completing the arrangement successfully. This guide will help you understand how to manage your monthly…
If you’re struggling to manage debt in the UK, you’re not alone. Financial challenges can feel overwhelming, but it’s essential to take action early before your situation worsens. Whether you’re facing monthly allowances that are hard to keep up with or considering alternatives like bankruptcy, there is a solution that could help you regain control:…
When dealing with debt, your credit score plays a crucial role in determining your financial future. It not only affects your ability to obtain loans, mortgages, and credit cards, but it can also impact the options available to you if you’re struggling to manage debt. Understanding how your credit score works in the context of…
