IVA Company Search
There are a lot of companies offering IVAs and debt help. How do you pick the best one? That is a good question that many people ask themselves. It is very important to choose the right IVA company, yet it is hard to check each company's background with a clear mind when you are so worried about your debt.
The only way to achieve peace of mind with a debt solution is to employ an IVA company to act as an intermediary between yourself and an Insolvency Practitioner (IP). An IP is the only individual that is authorised to oversee your IVA, and the one you choose should have a good reputation. It is easier to find a good IVA company than an IP, but even this process can be baffling!
Follow the advice below in order to save time and frustration:
1. Do you know people who have gotten their IVAs already? Get a recommendations so you know which companies you might want to go with and which you want to avoid.
2. Phone around various companies before agreeing to meet with two or three. This ensures that your options are not limited and gives you a good feel of what you should be looking for. If you are not comfortable when talking to an advisor on the phone then you should scratch that particular IVA company off your list because they will probably not be very interested in helping you.
3. Never use a company that charges for an initial consultation. The consultation and preliminary paperwork should be completed for free, and a thorough analysis of your personal situation should be carried out before any work is done. If this aspect is neglected then move on to another company.
4. Never choose a company that guarantees you an IVA. Until the majority of companies that you hold debts with have agreed to the IVA then your application may still be rejected. The companies that say otherwise are only after your money. Also, beware of those stating that you will only have a low premium at the end of it because if it sounds too good to be true then it most likely is!
5. The last important point is that you should look for a refund guarantee on any payments that you need to make before the IVA is completed. If you don't get such a guarantee and your IVA is turned down, the IVA company does not have to give you your money back. If you make sure that you get such a guarantee, you save yourself money and aggravation in the future.
The only way to achieve peace of mind with a debt solution is to employ an IVA company to act as an intermediary between yourself and an Insolvency Practitioner (IP). An IP is the only individual that is authorised to oversee your IVA, and the one you choose should have a good reputation. It is easier to find a good IVA company than an IP, but even this process can be baffling!
Follow the advice below in order to save time and frustration:
1. Do you know people who have gotten their IVAs already? Get a recommendations so you know which companies you might want to go with and which you want to avoid.
2. Phone around various companies before agreeing to meet with two or three. This ensures that your options are not limited and gives you a good feel of what you should be looking for. If you are not comfortable when talking to an advisor on the phone then you should scratch that particular IVA company off your list because they will probably not be very interested in helping you.
3. Never use a company that charges for an initial consultation. The consultation and preliminary paperwork should be completed for free, and a thorough analysis of your personal situation should be carried out before any work is done. If this aspect is neglected then move on to another company.
4. Never choose a company that guarantees you an IVA. Until the majority of companies that you hold debts with have agreed to the IVA then your application may still be rejected. The companies that say otherwise are only after your money. Also, beware of those stating that you will only have a low premium at the end of it because if it sounds too good to be true then it most likely is!
5. The last important point is that you should look for a refund guarantee on any payments that you need to make before the IVA is completed. If you don't get such a guarantee and your IVA is turned down, the IVA company does not have to give you your money back. If you make sure that you get such a guarantee, you save yourself money and aggravation in the future.
About the Author:
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posted by Credit Counseling at
1:26 AM
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