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IVA - Right decision???
Comments
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Depth_Charge wrote: »Hi
Latest on the IVA / secured loan issue from the Debt Camel site
Interesting read IMO for anyone considering an IVA or looking for information on this subject
http://debtcamel.co.uk/secured-loan-ivas/
DC
...Another very good article from 'Debt Camel'.
I take some issue with their stance on affordability: Yes, I know many IVA customers struggle, but we must take some responsibility at review time to ensure our expenditure is correctly accounted for.
I agree wholeheartedly with their stance on long-term implications though.
However, it could also do with mentioning that you are not able to get a secured loan for more than 70-75%LTV - just to alleviate the 'scaremongering' a little.
...but that's me being picky.0
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