{"id":3841,"date":"2014-01-24T10:52:39","date_gmt":"2014-01-24T10:52:39","guid":{"rendered":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/?p=3841"},"modified":"2020-10-20T15:19:39","modified_gmt":"2020-10-20T14:19:39","slug":"iva-cant-get-credit","status":"publish","type":"post","link":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/iva-cant-get-credit\/","title":{"rendered":"IVA if I can&#8217;t get more credit"},"content":{"rendered":"\n<p>Individual Voluntary Arrangements are, first and foremost, a way to \nclear debts that you can no longer manage the payments for. If your debt\n situation is out of control and bankruptcy is becoming a possibility, \nthen an IVA may help.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The end result of an IVA, if successful, is that you can ultimately \nwork on improving your credit rating and secure further borrowing if you\n choose. However the purpose of an IVA is definitely not to give you the\n ability to get further borrowing, but rather to deal with the borrowing\n that you currently have.<\/p>\n\n\n\n<p>If you are struggling with debt and can\u2019t get further borrowing, your\n best first course of action is necessarily to deal with the debts \nyou\u2019re having trouble with. If your credit rating is such that you\u2019re \nbeing refused credit, the chances are you have other problems with money\n that really need dealt with. Getting further borrowing can seem like an\n easy answer to debt troubles, but in most cases this just adds to your \nproblems.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"424\" height=\"283\" src=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/03\/Fotolia_90732811_XS.jpg\" alt=\"\" class=\"wp-image-3846\" srcset=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/03\/Fotolia_90732811_XS.jpg 424w, https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/03\/Fotolia_90732811_XS-300x200.jpg 300w\" sizes=\"auto, (max-width: 424px) 100vw, 424px\" \/><\/figure>\n\n\n\n<p>There are a number of options when it comes to dealing with debts \nyou\u2019re struggling to keep on top of. IVAs are really only for cases \nwhere the situation is so serious that bankruptcy is looming. For other \ncases there are numerous other debt management options.<\/p>\n\n\n\n<p>Speaking to professional debt management experts is the way to go if \nyou don\u2019t know what to do next. Debt mediation services can help if \nyou\u2019re having trouble dealing with your creditors. Getting the right \nhelp and advice can make a huge difference in getting your finances in \nhand.<\/p>\n\n\n\n<p>If you feel your debts are no longer in control, it\u2019s advisable to \nspeak to someone sooner rather than later. The quicker you act the more \noptions you are likely to have.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An IVA is a way to clear debts that you can no longer manage the payments for.<\/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-3841","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\/3841","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=3841"}],"version-history":[{"count":1,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/3841\/revisions"}],"predecessor-version":[{"id":3847,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/3841\/revisions\/3847"}],"wp:attachment":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/media?parent=3841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/categories?post=3841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/tags?post=3841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}