Getting an IVA with the Best IVA Company
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.
If you want to get a proper debt solution that you can trust, you should register with an IVA company. The IVA company will help you communicate with your Insolvency Practitioner (IP) who will be overseeing your IVA. It is very hard to find a good IP with a good reputation. Fortunately, finding a reputable IVA company is not as hard.
Follow the advice below in order to save time and frustration:
1. Always seek out a recommendation or opinion if you already know someone that has gone through the IVA process. This could be invaluable in helping your find a reputable company or avoiding a poor one!
2. Phone some IVA companies to get an idea of what you want. Arrange meetings with 2 or 3 of those companies so your options are not limited. Make sure you are comfortable talking to the advisor on the phone, and if you are not - just don't pick that IVA company as one you would like to meet with.
3. You should not have to pay for the preliminary paperwork or for the initial consultation. If a company tries to charge you for that work - don't use them. They should also completely analyze your situation before they come up with a plan of action. If you don't feel they did a good job on the analysis - just go on to another IVA 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. Finally, if you have to pay expenses before your IVA application has been completed then make sure that the paperwork you sign has a refund guarantee if your application is turned down. The IVA company is under no obligation to refund any money to you if your application is refused so always ask that particular question before signing on the dotted line and handing over any money!
If you want to get a proper debt solution that you can trust, you should register with an IVA company. The IVA company will help you communicate with your Insolvency Practitioner (IP) who will be overseeing your IVA. It is very hard to find a good IP with a good reputation. Fortunately, finding a reputable IVA company is not as hard.
Follow the advice below in order to save time and frustration:
1. Always seek out a recommendation or opinion if you already know someone that has gone through the IVA process. This could be invaluable in helping your find a reputable company or avoiding a poor one!
2. Phone some IVA companies to get an idea of what you want. Arrange meetings with 2 or 3 of those companies so your options are not limited. Make sure you are comfortable talking to the advisor on the phone, and if you are not - just don't pick that IVA company as one you would like to meet with.
3. You should not have to pay for the preliminary paperwork or for the initial consultation. If a company tries to charge you for that work - don't use them. They should also completely analyze your situation before they come up with a plan of action. If you don't feel they did a good job on the analysis - just go on to another IVA 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. Finally, if you have to pay expenses before your IVA application has been completed then make sure that the paperwork you sign has a refund guarantee if your application is turned down. The IVA company is under no obligation to refund any money to you if your application is refused so always ask that particular question before signing on the dotted line and handing over any money!
About the Author:
Finding the best information about IVAs can be overwhelming at times. One of the best places we found online to get the straight facts is IVA Company.
posted by Debt Consolidation Loan at
11:05 AM
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