IVAs Mortgage

An individual voluntary arrangement, or IVA, is where someone in debt agrees to an arrangement to pay back debt over a period of usually 60 months, as an alternative to bankruptcy. People sometimes confuse an IVA with debt management. However, debt management is through a third party company liaising on the behalf of their debtor, whereas an IVA involves court protection.

An IVA is designed to help debtors to pay off their debt whilst taking into account their regular outgoings. The debtor is closely involved in arranging the monthly payments and staes all their incomings and outgoings in organising it.

It is possible to get a mortgage with bad credit. Specialist lenders can be approached to provide you with a mortgage or remortgage that suits you. It is advisable to get advice from an experience mortgage advisor to pint you in the right direction...

Getting help and advice

If you are in the position where your credit is getting in the way of what you want to do you are not alone. Thousands of people are in the sames boat as you. Below are three ways to get help and advice to find a solution to your bad credit history. In time you will look back and your bad credit will be history. All you need is good advice and positive action.