Question

What is pros and cons of IVA Debt Help ?

Answer 1

Pros:

1. An affordable payment
2. Protects your assets

1. Creditors shouldn’t harass you for payment

1. The payment is fixed and reliable

1. Interest rates and charges are usually frozen

1. It’s legally binding

1. Protection from bailiffs and other legal action

Cons:

Effect on employment

Affects your credit rating

It isn’t private

It means following a strict budget

If you’re a homeowner, you may need to release equity from your home

Answer 2

Answer:

Pros:

• An affordable payment
• Protects your assets
• Creditors shouldn’t harass you for payment
• The payment is fixed and reliable
• Interest rates and charges are usually frozen
• It’s legally binding
• Protection from bailiffs and other legal action

Cons:

• Effect on employment
• Affects your credit rating
• It isn’t private
• It means following a strict budget
• If you’re a homeowner, you may need to release equity from your home