i am thinking of going for an IVA?

Question

unsercured credit has got out of hand due to husband coming out of work and cant catch up,
has any one had on of these are they expencive
, and can you recomend any companes in UK thank.
beofre husband came out of work we were fine, but he was off work 4 weeks and thing just got out of hand cant seem to catch up

Answer 1

First of all they are really serious, and you shouldn't consider one lightly.
They are one step away from bankruptcy.
Im with a company called Churchwood Financial. I pay £150 a month and of that around £125 goes towards my debts.
That is the only charge they make.

Answer 2

I have already posted a reply to your other question but there are some other issues raised here that myIVA-Adviser.com may also help with. The founder of the company did an IVA himself so the ethic of the site is based around helping people not ripping them off.

To read his story take this link.

http://www.myiva-adviser.com/my-personal-debt-story.php

You may also want to read these articles which may help:

How to get IVA help?
http://www.myiva-adviser.com/blog/2006/10/iva_help.php

Who pays the bill for my IVA?
http://www.myiva-adviser.com/blog/2006/10/iva_who_pays_the_bill_for_my_iva.php

How do I find the right IVA company for me?
http://www.myiva-adviser.com/blog/2006/10/iva_how_do_i_find_the_best_iva_company_for_me.php

IVA or Bankruptcy which is the best solution for me?
http://www.myiva-adviser.com/blog/2006/10/iva_iva_or_bankruptcy_which_is_the_best_solution_for_me.php

How much will my IVA monthly repayment be?
http://www.myiva-adviser.com/blog/2006/10/iva_how_much_will_my_iva_monthly_repayment_be.php

IVA or Debt Management programme?
http://www.myiva-adviser.com/blog/2006/10/iva_or_debt_management_programme.php

These are just some of the articles you can find on this site the full list can be found here

http://www.myiva-adviser.com/blog/all-articles.php

Good luck for the future

Yoda

Answer 3

DO NOT PAY MONEY FOR AN IVA.

All these people do is work out your weekly budget. How much you can afford to pay the creditors. Then divide it up percentage wise amongst each of them depending on the percentage of the total debt you owe to each of them. They then write to each of your creditors with an offer. They may also ask them to freeze the interest if what you can afford to pay them is less than the interest that they are charging.

THE CITIZENS ADVICE BUREAU OR CONSUMER CREDIT COUNSELLING SERVICE (CCCS) WILL DO THIS FOR FREE.