I am and have been for a while concerned about the amount of debt I owe to creditors around £55,000 will an iva be an answer to my problem and who are reputable companies to approach. many thanks andrew
Debt is always a concern no matter how large or small and there could be a number of options available to you. It is always good to seek out the best advice to see what is relevant to your circumstances.
I work for a small company on behalf of one of the larger solution providers and we do not charge any set up fees and all advice is free.
Nobody could guess if an IVA would be the best solution for you unless they had a good look at your circumstances and had a chat with you about your options. There are many reputable companies around, as well as a few less reputable ones! It's a good idea to take a look at what people posting on the forums have to say about any company you intend to approach.
If you're looking for a company to approach you could do worse than check out the reviews on www.iva.com - it would be wise to phone around and get advice from several different companies before you sign anything.