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How to Find The Best IVA Companies (UK) in 2024

best iva companies

Are you struggling with debt and considering an Individual Voluntary Arrangement (IVA) as a solution? Finding the right IVA company can make a world of difference to achieving your aims of financial stability. With numerous IVA companies in the UK market, it can sometimes be hard to know which is the best IVA company for […]

IVA Rejected – What Next?

IVA rejected what next

When facing mounting unsecured debts, many people consider an Individual Voluntary Arrangement (IVA) as a means to regain control of their financial situation. An IVA provides a structured repayment plan over set period of time, while offering protection against legal actions from creditors. It even gives you potential debt write off. However, for an IVA […]

How Much Does an IVA Leave You to Live On?

how much does an iva leave you to live on

Are you struggling with debt and considering an Individual Voluntary Arrangement (IVA) as a solution? If you have been looking into an IVA, one of the questions you may be looking for answers on is ‘How much does an IVA leave you to live on?’ Understanding how IVA payments work and how they affect your […]

How to Identify IVA Companies to Avoid in 2023

iva companies to avoid

Dealing with significant debt is a daunting experience, and if you’re reading this article it seems you may have decided an Individual Voluntary Arrangement (IVA) is the best step forward in tackling your debts. However, how to choose the right IVA company from the plethora of debt solution providers out there is another dilemma on […]

IVA and Car Finance

iva car finance

One of the common questions we are asked when someone is considering an individual voluntary arrangement (IVA) is around the topic of car finance. It is understandable too, with more than 2 million cars being bought on finance in the UK each year. So if you have been considering an IVA but have worries about […]

Applying for an IVA

apply for an iva

With PennyPlan, applying for an IVA has never been simpler. Our debt advice team will hold your hand through every step of the process from beginning to end, so you can focus on the end goal of becoming debt-free. Why apply for an IVA? There are several benefits as to why you may be considering […]

IVA Meeting Of Creditors – What to expect

iva creditor meeting

Before your individual voluntary arrangement is approved, the companies you owe money to must accept your IVA proposal. To do this, they will vote at what is called a meeting of creditors (MOC). If you have an upcoming meeting of creditors (MOC) for your pending IVA, it’s important to know what to expect. This article […]

Can you get a mortgage with an IVA?

iva mortgage

If you’re a homeowner and you have been considering an IVA to deal with your debt, you’re probably wondering if it will affect your mortgage or remortgaging eligibility. The good news is that you can often still get a mortgage or remortgage with an IVA, although there may be some restrictions. Getting a mortgage has […]

IVA Proposal – Everything you need to know

iva proposal

If you have made the decision to apply for an IVA, then you would have heard the term IVA proposal when discussing the process with your debt advisor. Your IVA company would have requested various information and documents to support your IVA application. This is all collated and forms the basis of your IVA proposal. […]