The pros and cons of an IVA - Will it really write off your debt?

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  • Опубликовано: 27 янв 2025

Комментарии • 16

  • @MoneyNerd
    @MoneyNerd  Год назад

    Struggling with debt and unsure about your legal options? Get online legal advice from a UK solicitor for just £5, potentially saving you a fortune in the long run. Click the link: justanswer.9pctbx.net/c/2873512/2107196/9320

  • @jamesrobinson5752
    @jamesrobinson5752 Год назад +1

    I have a iva. I have 2 loans on it should the interest be excluded from my iva

    • @MoneyNerd
      @MoneyNerd  Год назад

      Hi James! once an IVA is set up, all interests and additional charges are usually stopped. You may need to contact your Insolvency Practitioner for further clarification. Here's an IVA guide for more information: moneynerd.co.uk/iva-guide/ Hope this helps!

  • @markfinch4458
    @markfinch4458 3 месяца назад

    Does the IVA company see if you earn overtime be month? Also, is if I do overtime does it automatically get taken from me? Thanks

  • @andymeadows2768
    @andymeadows2768 Год назад +1

    You do not need a tv licence debt if you don’t watch tv

  • @tunjisobowale2878
    @tunjisobowale2878 Год назад

    Thsnks for sharing this. Do you have any information on bankruptcy?

    • @MoneyNerd
      @MoneyNerd  Год назад

      Hi @tunjisobowale2878, we sure do! check it out here: moneynerd.co.uk/bankruptcy/

  • @lachuks4
    @lachuks4 Год назад

    Hi, question: If I am a guarantor but i am under IVA and personal to whom i am guarantor is falling to pay: do i am still liable for debt?

    • @MoneyNerd
      @MoneyNerd  Год назад

      Hi @lachuks4! These articles might come in handy if you're trying to figure out guarantor loan debts: www.stepchange.org/debt-info/guarantor-loan-debts.aspx and www.stepchange.org/debt-info/being-a-guarantor.aspx

  • @usmanrazaq6239
    @usmanrazaq6239 11 месяцев назад

    Hi, does the IVA stay on a credit file for 6 years from the date it begins? Or for 6 years from the date it ends?

    • @MoneyNerd
      @MoneyNerd  11 месяцев назад +2

      Hi Usman! the IVA will stay for six years on your credit file from the start date

  • @rumelahmed4539
    @rumelahmed4539 6 месяцев назад

    I took out a 25k loan in 2011 and then bought Bitcoin with it. I then stopped paying the loan, got a CCJ and then 6 years later my credit file was restored. Now Im a multi-millionaire.

  • @CerrieLane
    @CerrieLane 6 месяцев назад

    How do I contact you? Please

    • @MoneyNerd
      @MoneyNerd  5 месяцев назад

      MoneyNerd.co.uk

  • @stephenalderton6300
    @stephenalderton6300 4 месяца назад

    Only winners with IVA's are the company providing it. FEES, FEES OH AND FEES

    • @benparker265
      @benparker265 12 дней назад

      I'm just entering into an iva and there have been no fees and no interest, it's a fixed price for the 5 years which only increase if I get a pay rise, new and better paying job, my housing situations changes, or something similar to this. If you still need help with this I can pass on the details for the company I am dealing, they have been great so far. They can help with advice on the best choice for you and I have dealt with alot of these company and this one is by far the best I have talked too.