An IVA will protect your home from your creditors

If you are struggling with debt, one of the main problems is that you tend to pay the person who shouts loudest. This will often be a credit card or personal loan company who will add significant late payment charges and interest to your account if it is not paid.

The problem with this when there is not enough money to go around, is that other “quieter” debts are left unpaid. Very often a mortgage falls into this category.

In fact, as a home owner, it is vital that you maintain your mortgage payments over and above payments to your unsecured creditors. This is because if your do not maintain your mortgage, your home is at risk of repossession.

An IVA will ensure that you have enough money each month to pay your mortgage.

If you have mortgage arrears, you can also build into your IVA an excess payment to your mortgage company so that these are paid.

How to Start

Got a question? Why not use the IVA Forum which gives you direct online access to the IVA experts

Call us now on 0800 077 6180 to discuss how an IVA might solve your debt problem