There are number of considerations home in mind if you are thinking of opting for a free IVA advice. First and foremost, there are many free IVA advisors crawling out of the woodwork in the UK, but many of them are more concerned about making a profit rather than having the debtors’ best interests at heart. Fee charging agencies can make thousands from each IVA they set about setting up free IVA advice. On the other hand, considering a long-term implication of an IVA, such as the effect that it may have on your credit rating and financial future is just unimaginable.



Today a number of commercial organisations is offering free IVA advice. Due to the huge growth in consumer lending by the UK financial institutions, coupled with the relaxation of legislation on bankruptcy, has led to an explosion in the number of companies offering free IVA advice. Debtors get all the information regarding the free IVA advice through print media or electronic media.

However, operating a computer has become an after all fashion of accessing and applying. With the advent of internet, applying for free IVA advice has become very easy and convenient way of accessing. Just in click, and innumerable sites of different free IVA advice gets open. Cull some of them and try to under stand the policies and plans configured. Actually, this information costs you nothing other than just your time.

Followings are some of the salient advices for debtors trying to take the benefits of a free IVA advice:

• Keep up your existing debt repayments as potential as the IVA is being processed, slightly than pay fees to middlemen you should be trying to make payments to those creditors you can afford to pay.

• Make sure you never pay any money to the IVA Company before your IVA has actually been agreed by creditors. Some companies will ask you to sign a Standing Order “for when your IVA is approved". You do not need to do this as some expert IP Firms will not charge you at all until the IVA is permitted.

• Always take help of an Insolvency Practitioner firm rather than an IVA professional. Insolvency Practitioner can deal with your case directly without the need to involve middlemen.

• Verify that no upfront IVA fee is payable at any time. Even Insolvency Practitioner wants some form of payment from you upfront. There is no need to pay any money, even to an Insolvency Practitioner, before your free IVA advice is formally approved. There are none fee charging Insolvency Practitioner firms available.