When you are considering an IVA, there are two main questions that might be on your mind.
Continue reading“Will my monthly IVA payment be affordable?”
“Will I have enough money to live on each month?”
living expenses
Want to know more about your living expenses when faced with debt? Read our debt articles
Annual IVA review may affect payments
When you offer creditors an IVA proposal, they will carefully consider if your offer of payment is fair. They will look at your income and your household expenses and take into account any special family circumstances that may impact on your ability to make your debt repayments, such as a family member having a medical condition with special medication, dietary or care needs. Continue reading
IVA Living Expenses – Part 1
Many people surf the web to try and find out about IVAs before taking the plunge of going to see an insolvency professional. This is quite a sensible approach in so far as the understanding and knowledge gained will help the individual prepare for a deeper scrutiny of their personal finances, particularly if they are in financial trouble. Continue reading