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Some debt management companies have noted a 67% increase in enquiries regarding IVA applications in comparison to figures for December 2007.


At present, the IVA is receiving mixed reviews and consumers rely on information from friends and family regarding IVA advice, but five fundamental IVA points can be found within this article.


At present, the IVA is receiving mixed reviews and consumers rely on information from friends and family regarding IVA advice, but five fundamental IVA points can be found within this article.

1. If you have any equity on your property or own any other valuable assets, you may be asked to release some or all of the money as part of your IVA agreement.

2. An IVA is only suitable for people who have unsecured debt to the value of £12,000 or more.