If you’re thinking about getting IVA experts involved in your life, chances are good that you’re facing a serious amount of debt. You might be feeling a little emotional about it. There’s no need to feel ashamed that you’re in debt, or think that you’re less of a person.
Virtually everyone in the UK is facing some debt right now, whether they like it or not. The country is doing better than some, but there has come a point where we need to come together as Britons and focus on our debt problems. After all, running away from our problems isn’t going to solve anything either.
So, where do you honestly begin? Getting IVA experts involved is a good start for many reasons. For one, it shines a light on your debt in a way that most people cannot run from, hide from, or ignore completely. You will have to face your debt and how it was brought into your life. For some people, they need to face their debts in order to correct their spending.
An IVA expert can also ensure that you know right off the bat whether you qualify for this program or not. There’s no sense in spending the money to get the IVA, only to find that you really don’t qualify for the program and thus will have to work out your debts differently.
They can also work with the creditors on your behalf, rather than forcing you to negotiate with them. Even though some do it yourself guides indicate that you can indeed work out your own negotiation, one thing is clear: most people really don’t have that type of skill.
So even if you do work up the nerve to speak to your creditors, there’s really no guarantee that you’re going to be able to handle your own negotiations. You will have a hard time getting the most favorable terms.
Contrast that with IVA experts who excel at working with your creditors. This is something that they’ve done for many years, for a wide variety of consumers.
However, the plan only works if you take action. If you are approved for an IVA, you will need to make your monthly payments on time, month after month. At the end of the 5 year period, your debts are wiped away and you get to start from scratch.
This opens the door to more credit in the future, like getting a new home. However, you must make sure that you don’t let good financial sense go out the window, because you won’t be able to get an IVA again for a long time! Good luck!