Category Archives: IVA

The top 5 debt and money news stories for February 2017

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With gloomy January out of the way, we take a look at the latest personal debt statistics from the Bank of England, get the low-down on why so many banks are closing high street branches, and find out about the rising number of us applying for insolvency.

Not only that, we’ll explore research suggesting you could be saving on your ‘big shop’ and we look at how the Government is changing the benefits available to the bereaved…

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Our 10 most read blogposts of 2014

posted by in Bailiffs, benefits, Credit Files, Debt, IVA, Money maximising, Payday Loans Leave a comment

firework display in sky

Happy New Year!

We can’t believe it’s 2015 already; doesn’t time fly? A little too fast if you ask me. Actually, very suspicious, but we won’t get into that now.

It’s been a hectic year for us with our busiest days ever on the blog, not that we’re complaining of course. We love the attention!

It also means we’re proving useful to people and that’s always our aim. After all, the MoneyAware team are dedicated to bringing you the best budgeting tips, advice and debt news, and we’ve been doing so for over four years now.

It’s become a tradition for us to reflect on the past year and have a look at what you, our readers, thought were our most popular posts. The first week of 2015 seemed like the ideal time to do it, so let the countdown begin!

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5 IVA survival tips

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This page contains information about debt solutions available in England, Wales and Northern Ireland. Debt advice in Scotland involves similar but different solutions. Before considering an IVA as a debt solution, please make sure you fully understand the risks involved when entering an IVA.

IVA tips

5 IVA survival tips

If you’re with StepChange Voluntary Arrangements an Individual Voluntary Arrangement (IVA) is the best solution to your financial difficulties.

Having your IVA approved is a massive achievement. Provided that you stick to the terms of the IVA proposal there is a set time frame for you to be debt-free.

Once you’ve paid as much as you can during this time your creditors will write off some of your debt.

In this article we’re giving our top tips on how to cope once your IVA is approved and up and running. If you follow these five tip top tips your IVA will be a much smoother ride.

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Please review our IVA service

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This page contains information about debt solutions available in England, Wales and Northern Ireland. Debt advice in Scotland involves similar but different solutions. Before considering an IVA as a debt solution, please make sure you fully understand the risks involved when entering an IVA.

Please Review our IVA service

Review our IVA service

StepChange Voluntary Arrangements has never been a team that likes to blow its own trumpet.

We don’t like to go on about how high we aim for with helping you each and every day.

So we’re going to ask you instead! Can you help us to help more people?

Go back to when you were searching for help…

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What happens if we split up during our joint IVA?

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This page contains information about debt solutions available in England, Wales and Northern Ireland. Debt advice in Scotland involves similar but different solutions. Before considering an IVA as a debt solution, please make sure you fully understand the risks involved when entering an IVA. Please be aware that there is a risk of bankruptcy should your IVA fail.

Splitting up on an IVA

What does a relationship break up entail for your joint IVA?

Nobody has a crystal ball and we can’t predict the future. When you enter a form of insolvency such as an Individual Voluntary Arrangement (IVA) you’re financially planning for the next five or six years.

However the best made plans of your IVA sometimes don’t come to fruition.

Sadly, as part of our day-to-day work, we sometimes come across cases where marriages or relationships break down. This can be made even more complicated when you’re financially connected, particularly if you’ve got a joint and interlocking IVA. Continue reading »

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IVA versus bankruptcy – which form of insolvency is best for me?

posted by in Bankruptcy, Debt, IVA 1 Comment

UPDATE: the bankruptcy application process for people living in England, Wales and Northern Ireland is changing in 2016. Visit our bankruptcy changes page for more information

This page contains information about debt solutions available in England, Wales and Northern Ireland. Debt advice in Scotland involves similar but different solutions. Before considering an IVA as a debt solution, please make sure you fully understand the risks involved. More information can be found on our website

Working it all out

Working it all out

With some financial situations you may have more than one option for resolving your debt. We’ve all heard of personal bankruptcy and many of us have now heard of an individual voluntary arrangement or IVA.

They’re both forms of insolvency and in some situations it can be a choice between these two debt solutions. But, what you really want to know is this: which is best for you?

Well, both solutions will get you debt free, we regularly recommend both solutions and support those clients through their IVA or bankruptcy. It really comes down to your individual circumstances and what the best advice is.

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Redundancy and your IVA

posted by in IVA, Redundancy 1 Comment

This page contains information about debt solutions available in England, Wales and Northern Ireland. Debt advice in Scotland involves similar but different solutions. Before considering an IVA as a debt solution, please make sure you fully understand the risks involved when entering an IVA.

Redundancy and IVAs

Redundancy is tough, but we can help you

The economy hasn’t been in great shape since 2007 and unfortunately redundancy continues to be common in some industries.

If you’re on an IVA and have been made redundant we still want to make sure your IVA is successful and you become debt free.

If you’ve received a redundancy payment then there could be some other options to consider, we’ll help you work out your options. Continue reading »

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