Is IVA only for credit cards and loans ?

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dire

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Post by dire » Wed Mar 12, 2008 1:08 pm
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please forgive the basic questio, but debt for IVA does not include the debt that is secured against your house ?
Is it only credit cards and loans ?
rgds
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vickir

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Post by vickir » Wed Mar 12, 2008 2:12 pm
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You cant include a loan secured on your home in an IVA - sorry
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Sarah

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Post by Sarah » Wed Mar 12, 2008 2:12 pm
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Afternoon... And welcome

Yes you are correct you can only include unsecure debt.
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size5

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Post by size5 » Wed Mar 12, 2008 2:18 pm
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Further to that, it is not just credit cards and loans that can be included, there are many other debts that can be taken into account in an IVA proposal.
May be worth having a chat with a provider directly, you can find a very large list, with reviews, on www.iva.com

Good luck.
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