Making financial decisions should
always be something that is strongly made. However, most people fail to make
the right decisions due to haste. Well, it is time for you to apply for an individual
voluntary arrangement. The issue about applying for such debt solutions is,
knowing what they actually offer and how to apply for them. If you do not know
all of these, you will always make mistakes. That is why you need to be
cautious. Before you apply for IVAs, consider the following steps to make
everything successful.
1. Make
use of a calculator to have your eligibility checked. IVAs have calculators
available online. Using them will make everything very easy.
2. Have
your proposal prepared and apply for the debt solution.
3. When
the proposal is accepted, creditors will never contact you again. If anything,
they will contact your insolvency practitioners.
4. You
make low payments monthly for 60 months or 5 years.
5. After
60 months, you do not have any debts to pay again.
This is how simple applying for
an IVA is. So do not listen to the horrific stories online that are affecting
you all over.
So, what debts can be included in
IVAs?
Not all debts can be included in
an iva debt solution. You, however, need to know these debts to have a clear
idea what you are getting into. Remember, information is always important. All
unsecured debts can be included such as:
1. Loans
2. Council
tax arrears
3. Payday
loans
4. Credit
cards
5. Water
arrears
6. Catalogues
7. HMRC
debt
8. Gas
and electricity arrears
9. Overpaid
benefits
10. Debts
to loved ones
11. Income
tax arrears
12. Other
debts that are unsecured
All secured debts if you owe any will be waiting
for you. This means you will have to sell off your properties to pay off such
debts. That is why it is always better to stick with unsecured debts for future
reasons. Click here to know more about #https://www.ivaonline.co.uk/iva.html.
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