- Tuesday, 2 June 2009IVA solutions offer a number of advantages over other debt resolution techniques, it has been noted.
Writing for financial news provider nurido.at, Mark Aucamp notes that
IVA help can allow an individual to retain ownership of their home.
Instead, they can release some of the equity held in the property, rather than selling it completely.
This is a common feature of
IVA solutions, Mr Aucamp adds.
Meanwhile,
IVA help can also escape more stigmatised alternatives including bankruptcy.
Immediately following setting up an IVA, Mr Aucamp suggests that there are benefits which should emerge.
For people who have faced frequent requests for payment from their creditors, these should include a little more space to stick to their monthly repayments without feeling harassed.
More people are turning to
IVA solutions for financial help, as figures from the Insolvency Service reveal a 12.2 per cent growth rate in IVAs being arranged in 2008 when compared with the previous year.
Recent IVA News23% of first-time buyers save for five years to raise a depositWed, 04 May 2011
Brits dealing with Finance Management should shop around for car insurance Wed, 04 May 2011
Parents, including those with Finance Management, advised to start saving for children's weddingsTue, 03 May 2011
Newlyweds may be in need of Finance Management plans after overspending on weddingTue, 03 May 2011
Renting rather than buying may be an option for Brits with Finance Management Thu, 28 Apr 2011
Consumers coping with Finance Management may want to shop around for cheap energy tariffsWed, 27 Apr 2011
Increasing number of Brits turning to loans for home improvementsWed, 27 Apr 2011
Brits, including those with Finance Management plans, to spend £267 on Royal Wedding Tue, 26 Apr 2011
Equity release can be used to 'become debt-free'Tue, 26 Apr 2011
| |
Money Debt and Credit Ltd, Registered in England & Wales No.05588842.
Registered Office: 45 Clarendon Road, Watford WD17 1SZ
Consumer Credit Licence Number: 0580960