Before getting into an IVA it’s important to understand what it is, how it works and if an IVA is good or bad for you and your lifestyle. Whether it is the right step for you all depends on your financial circumstances, however, we’ve listed the pros and cons of an IVA in the UK to provide you with more information that could help you make that all important decision.
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If you have significant or unmanageable debts, you may be considering an Individual Voluntary Arrangement, or IVA, as a way to consolidate and pay off what you owe. Before you dive into the IVA process, you’ll likely have a number…
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It’s been 10 years since the credit crunch of 2007 that sparked a 5-year recession and a global financial crisis. Yet whilst things appeared to be on the up for a few years, it seems that the UK are at risk of another downfall, due to the levels of personal loans that are being taken advantage of.
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