{"id":9618,"date":"2014-01-21T12:46:54","date_gmt":"2014-01-21T12:46:54","guid":{"rendered":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/?p=9618"},"modified":"2020-10-20T11:15:36","modified_gmt":"2020-10-20T10:15:36","slug":"cant-get-a-loan","status":"publish","type":"post","link":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/cant-get-a-loan\/","title":{"rendered":"Cant get a debt consolidation loan"},"content":{"rendered":"\n<p>Individual Voluntary Arrangements are a way to clear debts  that you can no longer manage the payments for. If your debt situation  is out of control and bankruptcy is becoming a possibility, then an IVA  may help.&nbsp;<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The end result of an IVA, if successful, is that you can ultimately  work on improving your credit rating and secure further borrowing if you  choose. However the purpose of an IVA is definitely not to give you the  ability to get further borrowing, but rather to deal with the borrowing  that you currently have.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"693\" height=\"693\" src=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/05\/Fotolia_62171965_S.jpg\" alt=\"Debt Consolidation Loan\" class=\"wp-image-9628\" srcset=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/05\/Fotolia_62171965_S.jpg 693w, https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/05\/Fotolia_62171965_S-150x150.jpg 150w, https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/05\/Fotolia_62171965_S-300x300.jpg 300w\" sizes=\"auto, (max-width: 693px) 100vw, 693px\" \/><\/figure>\n\n\n\n<p>If you are <a href=\"https:\/\/www.nationaldebtrelief.co.uk\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">struggling with debt<\/a>  and can\u2019t get further borrowing, your best first course of action is  necessarily to deal with the debts you\u2019re having trouble with. If your  credit rating is such that you\u2019re being refused credit, the chances are  you have other problems with money that really need dealt with. Getting  further borrowing can seem like an easy answer to debt troubles, but in  most cases this just adds to your problems.<\/p>\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>If you are struggling with debt and can\u2019t get further borrowing, your best first course of action is necessarily to deal with the debts you\u2019re having trouble with. <\/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":[3,7],"tags":[],"class_list":["post-9618","post","type-post","status-publish","format-standard","hentry","category-debt-consolidation-articles","category-iva-articles"],"_links":{"self":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/9618","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=9618"}],"version-history":[{"count":2,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/9618\/revisions"}],"predecessor-version":[{"id":9629,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/9618\/revisions\/9629"}],"wp:attachment":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/media?parent=9618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/categories?post=9618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/tags?post=9618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}