Visit our Debt Centre for Friendly Help & Advice
Guides Menu
Burdened with Debt?
IVA Guide
What our customers say...
“Very happy with current format”
IVAs - the potential downsides
- An IVA is only a viable option if you have unsecured borrowing of at least £15,000.
- To gain approval, creditors representing at least 75% of the value of the money owed, as well as a simple majority, must agree to your proposed IVA.
- Should the IVA fail, you can still be made bankrupt and if this were to occur then the costs of the IVA will be added to your total debts.
- For the duration of the IVA you will be under the close supervision of the appointed insolvency practitioner.
- All IVAs automatically appear on your credit file and could affect any future applications for credit.
Compare Products & Services
- Mortgages
- Homebuyers Mortgage
- Remortgages
- Buy to Let Mortgage
- Non-standard Mortgage
- Flexible Mortgage
- Mortgage Payment Protection
- Mortgages Guide
- Loans
- Personal Loans
- Secured Loans
- Consolidation Loans
- Adverse Secured Loans
- Best Buys Loans
- Loans Payment Protection
- Loans Guide
- Insurance
- Life Insurance
- Critical Illness
- Private Medical Insurance
- Loan Payment Protection
- Mortgage Payment Protection
- Car Insurance
- Motorbike Insurance
- Income Protection
- Home Insurance
- Banking & Saving
- Current Account
- Instant Access Account
- Regular Savings Account
- Notice Account
- Childrens Account
- Term/Fixed Rate Deposits
- Cash ISA Account
- Pensions
- Credit Cards
- Balance Transfer
- Low Rate
Moneynet is a trading name of Sterling Business Consultants Limited, 2nd Floor, 20-25 Market Square, Bromley, BR1 1NA, which is authorised and regulated by the Financial Services Authority. This site is intended for UK residents only.
Registered Office: The St Botolph Building, 138 Houndsditch, London. EC3A 7AR. Reg No: England 03165711
