{"id":4209,"date":"2014-09-24T12:47:11","date_gmt":"2014-09-24T11:47:11","guid":{"rendered":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/?p=4209"},"modified":"2019-05-09T09:06:03","modified_gmt":"2019-05-09T08:06:03","slug":"iva-and-secured-debt-2","status":"publish","type":"post","link":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/iva-and-secured-debt-2\/","title":{"rendered":"IVA and secured debt"},"content":{"rendered":"\n<p><strong>Individual Voluntary Arrangements<\/strong> are intended specifically to be used for unsecured borrowing. These types of borrowing include credit card debts and <strong>unsecured loans<\/strong>, but do not include borrowing that is secured against an asset, such as a <strong>mortgage or secured loan<\/strong>.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>If you have debts that you feel you can no longer manage, and are at  risk of becoming bankrupt, there may be a number of things you can do to  alleviate the situation. The first thing you need to do is speak to us  at National Debt relief or another professional debt expert, such as an <strong>Insolvency Practitioner<\/strong>, as soon as possible. The sooner you get good advice, the more options you are likely to find you have.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"848\" height=\"566\" src=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/05\/Fotolia_172794039_S.jpg\" alt=\"\" class=\"wp-image-4214\" srcset=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/05\/Fotolia_172794039_S.jpg 848w, https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/05\/Fotolia_172794039_S-300x200.jpg 300w, https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/05\/Fotolia_172794039_S-768x513.jpg 768w\" sizes=\"auto, (max-width: 848px) 100vw, 848px\" \/><\/figure>\n\n\n\n<p>If you have multiple <strong>different types of debt<\/strong>, \nincluding both secured and unsecured borrowing, then there is a chance \nthat you may be able to use an IVA as part of a range of methods to get \nyour debts under control. For example, an IVA is sometimes used to \nlighten the burden on individuals from their unsecured borrowing, \nleaving a little breathing space that can help to get the other \nborrowing in hand.<\/p>\n\n\n\n<p>When you find yourself struggling with debt, it can start to seem \nlike you have fewer and fewer choices, but you may in fact be pleasantly\n surprised by the options that are now available to people in such \nsituations. An IP will be able to take a good thorough look at your \nfinances, taking into account not only your debts, but also your assets,\n income and general outgoings. They will then be able to advise you \nabout what measures may help to get things sorted, with any luck \navoiding bankruptcy.<\/p>\n\n\n\n<p><em>IVAs are only useful in certain circumstances, but if your debt \nsituation is causing you trouble, the best way forward is to get \ntrustworthy advice from a professional. Call us now to get help with \nyour debts<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IVAs are intended specifically to be used for unsecured borrowing, but do not include borrowing that is secured against an asset, such as a mortgage or secured loan.<\/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":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-4209","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\/4209","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=4209"}],"version-history":[{"count":1,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/4209\/revisions"}],"predecessor-version":[{"id":4215,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/4209\/revisions\/4215"}],"wp:attachment":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/media?parent=4209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/categories?post=4209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/tags?post=4209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}