5 Tips On Finding The Best IVA Company
There are a lot of companies offering IVAs and debt help. How do you pick the best one? That is a good question that many people ask themselves. It is very important to choose the right IVA company, yet it is hard to check each company's background with a clear mind when you are so worried about your debt.
If you want to get a proper debt solution that you can trust, you should register with an IVA company. The IVA company will help you communicate with your Insolvency Practitioner (IP) who will be overseeing your IVA. It is very hard to find a good IP with a good reputation. Fortunately, finding a reputable IVA company is not as hard.
Avoid getting frustrated and spending time needlessly by following the tips below:
1. Do you know people who have gotten their IVAs already? Get a recommendations so you know which companies you might want to go with and which you want to avoid.
2. Phone a few companies and see how you feel about them. If you do not like how you were treated on a phone by a particular advisor, just forget about that IVA company because that is not likely to change when you visit in person. After you phone a few companies, agree to meet with 2 or 3 of them so you have more options.
3. Never use a company that charges for an initial consultation. The consultation and preliminary paperwork should be completed for free, and a thorough analysis of your personal situation should be carried out before any work is done. If this aspect is neglected then move on to another company.
4. Never choose a company that guarantees you an IVA. Until the majority of companies that you hold debts with have agreed to the IVA then your application may still be rejected. The companies that say otherwise are only after your money. Also, beware of those stating that you will only have a low premium at the end of it because if it sounds too good to be true then it most likely is!
5. The last important point is that you should look for a refund guarantee on any payments that you need to make before the IVA is completed. If you don't get such a guarantee and your IVA is turned down, the IVA company does not have to give you your money back. If you make sure that you get such a guarantee, you save yourself money and aggravation in the future.
If you want to get a proper debt solution that you can trust, you should register with an IVA company. The IVA company will help you communicate with your Insolvency Practitioner (IP) who will be overseeing your IVA. It is very hard to find a good IP with a good reputation. Fortunately, finding a reputable IVA company is not as hard.
Avoid getting frustrated and spending time needlessly by following the tips below:
1. Do you know people who have gotten their IVAs already? Get a recommendations so you know which companies you might want to go with and which you want to avoid.
2. Phone a few companies and see how you feel about them. If you do not like how you were treated on a phone by a particular advisor, just forget about that IVA company because that is not likely to change when you visit in person. After you phone a few companies, agree to meet with 2 or 3 of them so you have more options.
3. Never use a company that charges for an initial consultation. The consultation and preliminary paperwork should be completed for free, and a thorough analysis of your personal situation should be carried out before any work is done. If this aspect is neglected then move on to another company.
4. Never choose a company that guarantees you an IVA. Until the majority of companies that you hold debts with have agreed to the IVA then your application may still be rejected. The companies that say otherwise are only after your money. Also, beware of those stating that you will only have a low premium at the end of it because if it sounds too good to be true then it most likely is!
5. The last important point is that you should look for a refund guarantee on any payments that you need to make before the IVA is completed. If you don't get such a guarantee and your IVA is turned down, the IVA company does not have to give you your money back. If you make sure that you get such a guarantee, you save yourself money and aggravation in the future.
About the Author:
When it comes to getting an IVA, getting the right information can be a daunting task. That's why we put together this confidential report for you at IVA Company.
posted by Credit Counseling at
1:51 AM
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