IVA : Are You Trying To Find Clear Debt Advice ?

Now that we all live in the 'information age', getting good impartial debt advice ought to be really straight forward.

Especially with the expansion of the Internet, finding information about debt help has indeed never been easier.

However, how can you tell if you are getting the correct information, and what actions can you take to ensure you are following the correct advice for your specific debt problem.

So myIVA-Adviser.com have put together a 'Debt Advice' guide to help you sort out the good debt advice from the bad.

Follow these pointers, and the debt advice you receive should see you right.

1. Be comfortable with the adviser that you speak to.
You ought to be able to discuss any aspect of your financial, and sometimes personal, circumstances with them. Your adviser should have a good knowledge of Debt Management Programmes, Bankruptcy and Individual Voluntary Arrangements (IVAs), and be able to use their experience to guide you forward.

2. Don't use an debt advice company that insists on charging a fee for the preparation of the paperwork..
There are debt advice companies like myIVA-Adviser.com that do this work for free.

3. Be sure that the debt advice company your using has carried out a thorough analysis of your circumstances.
To be able to advise you on which action you should take it is essential that they really understand your true situation right now.

4. Be sure the debt advice company adviser talks through all your alternatives.
This could include Bankruptcy, a Debt management programme, an Individual Voluntary Arrangement (IVA) and possibly even a Consolidation Loan or a re-mortgage.

5. Don't be persuaded by debt advice companies offering unrealistic repayments to your debts.
Using a debt management programme you will have to repay your debts in full. The time scale will depend on the size of your monthly repayment. If your payments are set at a low figure, your repayments will last longer, if you repay more each month, the time scale will reduce. You should only payback what you can afford each month, no more, no less.

6. Let your instincts guide your decision.
Don't feel that any one debt advice company is the only one able to help you. If you feel that a debt advice company is offering something to good to be true, ask them testing questions and gauge their advisers response. Don't forget, if you are in any doubt get a second opinion. Call 0800 880 7503 and ask us what we think, or you could try us first!

What ever course of action you take, remember, these are your creditors, so pay attention to their reaction. Make sure they are 'on board' with your action plan, and keep them informed if your circumstances change, either for better or worse.

If you follow these useful tips, you will dramatically reduce your chances of receiving bad debt advice.

Remember, myIVA-Adviser.com deal with all types of debt problems and their associated solutions. You are welcome to call for a chat about your personal situation for free on 0800 088 7503 anytime.

Take this link if you would like to ask 'The Debt Detective' which solution would be most suitable for you. This powerful calculator has the ability to assess your financial position and indicate which options are available to you.

• General Debt Advice
• IVA Advice