The pros and cons of an IVA - Will it really write off your debt?

Рет қаралды 2,777

Жыл бұрын

People facing debt: Could you write off some debt? Get started here: moneynerd.co.uk/get-debt-opti...
Read more about IVAs here - moneynerd.co.uk/iva/is-an-iva...
The information provided in this video is for editorial purposes only and not intended as financial advice. Free debt counselling, debt adjusting and providing of credit information services are available from MoneyHelper, an independent service set up to help people manage their money. You can find out more by contacting MoneyHelper. MoneyNerd is not associated with MoneyHelper, we just think they're great.
MoneyNerd does not give specific debt advice and we recommend that you always discuss your personal situation with a qualified adviser that works for a company that is authorised and regulated by the Financial Conduct Authority. With your consent MoneyNerd may pass you on to a trusted debt counselling company or insolvency practitioner. MoneyNerd Limited is an Introducer Appointed Representative of Pacific Financial Solutions Ltd who is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 688034) and is classed as a debt counselling firm. Their in house IPs are Jason Bowen who is authorised to Act in the UK by the Institute of Chartered Accountants of Scotland (ICAS). Licence no. 22150 and Laura Stewart who is authorised to Act as in the UK by the Insolvency Practitioners Association (IPA). Licence no. 23590.

Пікірлер: 10

@MoneyNerd 9 ай бұрын

If you're in debt and you want to understand how to write off debt, watch this next: kzfaq.info/get/bejne/bsmKhad00Nqro3k.html

@tunjisobowale2878 11 ай бұрын

Thsnks for sharing this. Do you have any information on bankruptcy?

@MoneyNerd 7 ай бұрын

Hi @tunjisobowale2878, we sure do! check it out here: moneynerd.co.uk/bankruptcy/

@andymeadows2768 Жыл бұрын

You do not need a tv licence debt if you don’t watch tv

@lachuks4 9 ай бұрын

Hi, question: If I am a guarantor but i am under IVA and personal to whom i am guarantor is falling to pay: do i am still liable for debt?

@MoneyNerd 7 ай бұрын

Hi @lachuks4! These articles might come in handy if you're trying to figure out guarantor loan debts: www.stepchange.org/debt-info/guarantor-loan-debts.aspx and www.stepchange.org/debt-info/being-a-guarantor.aspx

@usmanrazaq6239 4 ай бұрын

Hi, does the IVA stay on a credit file for 6 years from the date it begins? Or for 6 years from the date it ends?

@MoneyNerd 4 ай бұрын

Hi Usman! the IVA will stay for six years on your credit file from the start date

@jamesrobinson5752 7 ай бұрын

I have a iva. I have 2 loans on it should the interest be excluded from my iva

@MoneyNerd 7 ай бұрын

Hi James! once an IVA is set up, all interests and additional charges are usually stopped. You may need to contact your Insolvency Practitioner for further clarification. Here's an IVA guide for more information: moneynerd.co.uk/iva-guide/ Hope this helps!