Five Step IVA Plan
If you’re considering entering into an IVA check our five step plan below to help you through the process smoothly.
Step 1- Try to solve your debt problems without an IVA
You may be in a position where you want to avoid entering a formal debt management solution. Read our guides for times when taking simple steps will help you meet debt repayments:
Step 2 - Read as much information on IVAs as you can
It’s quite normal to have a wealth of concerns when you’re facing unmanageable debt. You could have questions about why people choose an IVA, how it could fit into your life, whether you would be accepted? You might wonder if you meet the criteria and how to manage life to make sure you get the maximum benefit from the IVA. For these and many more questions, read our essential facts and information:
Step 3 - Investigate the other options
You should always be fully informed about other options, to protect your best interests. You might have concerns as to whether an IVA is actually the best option in your circumstances, what other options could apply for you, and more. Read our helpful guides to how IVAs fit into the overall picture of legal solutions to problem debts:
Step 4 - Check you fit the criteria
If you’re not sure whether you are likely to be successful in applying for an IVA, reading our simple guide here may help before taking further expert debt advice. It’s not possible to make a list of rules to apply to every situation, but some general guidelines for what typically helps an application can be useful:
Step 5 - Get good, impartial, independent advice
Your final step is to take good quality debt advice addressing your exact situation. Speak to one of our expert advisors on 0800 234 3605 every day of the week, or apply for our free, confidential advice around the clock by clicking here.
Whether you choose an IVA or another option, we strongly believe good quality impartial debt advice is an essential component of planning your route of debt.
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