An IVA, or Individual Voluntary Arrangement, is a legally binding agreement to help you repay your debt in a controlled and timely manner. There are pros and cons to getting an IVA, so it is best to seek IVA advice before you sign or agree to anything.
IVA advice can be found in many places. For one, an insolvency practitioner will be able to provide you with impartial advice relevant to your personal situation. An insolvency practitioner is the person assigned to work with you to give you advice, to formulate your IVA proposal, and to work with your creditors to get them to agree to the contract. Insolvency practitioners are one of the best sources for IVA advice because they know every step of the IVA process, and they have worked with many indebted people in the past, so they will probably have great information to give you from their experiences of working with others.
Another source for IVA advice is the internet. There are many online sites, such as this one, that have articles and information on IVAs. In addition, these sites are often able to find a debt counselor to speak with you who will give you any IVA advice you might need.
Finally, there are debt counselors you can speak with, face to face, who will give you IVA advice. These people are there to help you find the solution to your debt problems, so they will advise you on the best route to take to clear yourself of your debt.
If you would like to speak with someone to get some IVA advice or to find out what your best way out of debt is, take a moment to fill out a short debt management form, and a SimplyFinance representative will contact you shortly to introduce you to a debt adviser. This adviser will give you all the advice and information you need to find your way out of debt.