{"id":3300,"date":"2014-01-21T16:30:30","date_gmt":"2014-01-21T16:30:30","guid":{"rendered":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/?p=3300"},"modified":"2019-03-06T12:59:50","modified_gmt":"2019-03-06T12:59:50","slug":"iva-to-help-credit-rating","status":"publish","type":"post","link":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/iva-to-help-credit-rating\/","title":{"rendered":"IVA to help Credit Rating"},"content":{"rendered":"\n<p>IVAs or Individual Voluntary Arrangements are designed to help people  in very specific sets of circumstances. <\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Individuals who have personal <strong>unsecured debt payments<\/strong> that they can no longer manage can be helped by using IVAs. These arrangements are partly intended to help people to <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-help\/bankruptcy.html\" target=\"_blank\">avoid bankruptcy<\/a>.<\/p>\n\n\n\n<p>If your credit rating is poor on account of your debts being out of  control, then you may indeed benefit from an IVA. However, you should  seek the services from a professional such as an Insolvency Practitioner  for advice as to whether an IVA is the right thing for you. An IVA is  essentially a way to clear debts that you are not currently managing.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/03\/Fotolia_72842505_XS.jpg\" alt=\"Couple in Debt\" class=\"wp-image-3317\" width=\"375\" height=\"250\" srcset=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/03\/Fotolia_72842505_XS.jpg 424w, https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/03\/Fotolia_72842505_XS-300x200.jpg 300w\" sizes=\"auto, (max-width: 375px) 100vw, 375px\" \/><\/figure><\/div>\n\n\n\n<p>If you do use an IVA to avoid bankruptcy, while the IVA is being \ncarried out, you will not be able to gain further credit. This may seem \ndifficult, but it also makes the IVA more likely to succeed. For the IVA\n to be a success, you need to be able to manage the payments for it, and\n this is far more likely if you do not have other debt payments to worry\n about during this time.<\/p>\n\n\n\n<p>Once the IVA has elapsed, your debts will be cleared, and you will be able to get to work on<strong> improving your credit rating<\/strong>,\n seeking further credit again if you choose to do so. Unlike bankruptcy,\n IVAs have much less of an effect on your credit rating in the long \nterm. IVAs therefore offer you the chance to deal with your debts and \nwork towards a much more stable financial future.<\/p>\n\n\n\n<p>IVAs should not be seen as a way to improve your credit rating, \nalthough they often will have this effect in the long term. An IVA is a \nway to settle your current debts and start again with a clean slate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IVAs or Individual Voluntary Arrangements are designed to help people in very specific sets of circumstances. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-3300","post","type-post","status-publish","format-standard","hentry","category-iva-articles"],"_links":{"self":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/3300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/comments?post=3300"}],"version-history":[{"count":2,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/3300\/revisions"}],"predecessor-version":[{"id":3327,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/3300\/revisions\/3327"}],"wp:attachment":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/media?parent=3300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/categories?post=3300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/tags?post=3300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}