We do our best to provide information all around IVA and offer You comprehensive advice for a successful IVA application in all cases of bad credit. Please feel free to contact us on any matter that might cross your mind regarding IVAs and use our contact form or the IVA application form directly. We will get back to you with professional advice on IVA.

Finding financial aid when being bankrupt or in an Individual Voluntary Agreement is hard if not impossible. IVAs and bankruptcy affect your credit rating, staying on your credit report during and for years after closure; so with a bad credit report you might be not the perfect candidate for a secured or unsecured loan. The good news for people in an IVA is that, there is a specifically developed loan type for individuals in an IVA, called IVA loan.

Your Individual Voluntary Agreement will no longer prevent you from getting financial aid, no matter if you are searching for secured loans or unsecured loans. IVA loan is a financial aid that is given especially for people with an IVA. You can get numerous quotes including loans for IVA and if you have a property, house or car, which will match the amount of the secured loan for IVA you can easily get approved and helped.

You can easily release the equity and raise a secured IVA loan, which will help you settle your existing debts, just as debt consolidation loans; with this type of secured loan you can get all your debts together into one, large secured loan, having to pay one monthly amount, one interest rate instead of multiple ones to multiple creditors. Although the amount and interest rate might seem higher and harder to prepay, on long term is beneficial and will cost you less than paying different amounts every month.

Usually loans are not acceptable within an IVA, because the main goal of getting into an Individual Voluntary Arrangement with creditors is not to take on any further loans, so the initial debts stated into an IVA to be repaid. The principle of an IVA is to help debtors recover their financial stability by repaying debts, not to go into further debt problems. But there are lenders, which take the risk and offer you an IVA loan. but be prepared, becoming unable to repay all the debts might cause your IVA fail and you will get into bankruptcy and might even lose your property.