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    l the payments you are offering are fair and reasonable.

    7. Look for a money back guarantee.

    When you have decided that an IVA is your best option, be sure that, if the Insolvency Practitioner takes payments pre creditors meeting, these funds are refundable should your application is unsuccessful.

    8. Let your instincts guide your decision.

    Don't feel that any one IVA company is the only one able to help you. If you feel that an IVA company is offering something to good to be true, ask them testing questions and gauge their advisers response. Don't forget, if you are in any doubt, get a second opinion.

    Finding the most suitable IVA company to help you is so important, as, don't forget, this company will be presenting your

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    IVAs are administered by Insolvency Practitioners (I.P.s), and there are many based all over the U.K. As in all walks of life though, some are better than others, so finding a reputable I.P. when you need one is not always straight forward.

    A common way of finding an I.P. is to use an intermediary IVA company. The intermediary IVA company will assess your case and, if an IVA proves to be a viable option, they would normally suggest a reputable I.P. company to help you. This in itself can lead to uncertainty because, as with the Insolvency Practitioners, some intermediary IVA companies are better than others.

    The choice as to which IVA company to use is crucial.

    So, how does a person decide which IVA company is the most suitable from the many available to choose from?

    A good starting point is to use an IVA company that has been recommended to you by someone you know. However, if this is not possible, using the internet is a useful way to find IVA companies which offer this service, but be cautious.

    Use the tips below to establish which IVA company you are most comfortable with:

    1. Be comfortable with the adviser that you speak to.

    You ought to be able to discuss any aspect of your financial, and sometimes personal, circumstances with them. Your adviser should have a good knowledge of the IVA process, and be able to use their experience to guide you forward.

    2. Do not use an IVA company that insists on charging a fee for the preparation of the paperwork.

    There are some excellent IVA companies that do this work for free.

    3. Be sure that the IVA company you are using has carried out a thorough analysis of your circumstances.

    To be able to advise you on which action you should take it is essential that they really understand your true situation now.

    4. Be sure that they talk through all your alternatives.

    This could include Bankruptcy, other repayment plans and possibly even a consolidation loan or a re-mortgage.

    5. Be wary of an IVA company that suggest that an IVA is a foregone conclusion.

    In truth an IVA's success is based on the decision of the creditors. A good Insolvency Practitioner, however, will always err on the side of caution and use his experience to assess each new case before commencing his work. This not only saves unnecessary time, effort and costs, but also goes some way to reassuring clients that, all things considered, a successful IVA is a likely outcome.

    6. Do not be persuaded by IVA companies offering unrealistically low payment IVAs.

    It is easy to be given a false sense of security, but the truth is that IVA repayments are based on what you can reasonably afford, not what some clever sales person is trying to make you think is acceptable to creditors. Large write off figures are very persuasive, but are by no means guaranteed. Creditors will ask for modifications to your payments at your creditors meeting if they feel that you could reasonably afford to payback more money, and the IVA will not proceed if you can't agree to these modifications. So be sure that you feel the payments you are offering are fair and reasonable.

    7. Look for a money back guarantee.

    When you have decided that an IVA is your best option, be sure that, if the Insolvency Practitioner takes payments pre creditors meeting, these funds are refundable should your application is unsuccessful.

    8. Let your instincts guide your decision.

    Don't feel that any one IVA company is the only one able to help you. If you feel that an IVA company is offering something to good to be true, ask them testing questions and gauge their advisers response. Don't forget, if you are in any doubt, get a second opinion.

    Finding the most suitable IVA company to help you is so important, as, don't forget, this company will be presenting your c

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    g point is to use an IVA company that has been recommended to you by someone you know. However, if this is not possible, using the internet is a useful way to find IVA companies which offer this service, but be cautious.

    Use the tips below to establish which IVA company you are most comfortable with:

    1. Be comfortable with the adviser that you speak to.

    You ought to be able to discuss any aspect of your financial, and sometimes personal, circumstances with them. Your adviser should have a good knowledge of the IVA process, and be able to use their experience to guide you forward.

    2. Do not use an IVA company that insists on charging a fee for the preparation of the paperwork.

    There are some excellent IVA companies that do this work for free.

    3. Be sure that the IVA company you are using has carried out a thorough analysis of your circumstances.

    To be able to advise you on which action you should take it is essential that they really understand your true situation now.

    4. Be sure that they talk through all your alternatives.

    This could include Bankruptcy, other repayment plans and possibly even a consolidation loan or a re-mortgage.

    5. Be wary of an IVA company that suggest that an IVA is a foregone conclusion.

    In truth an IVA's success is based on the decision of the creditors. A good Insolvency Practitioner, however, will always err on the side of caution and use his experience to assess each new case before commencing his work. This not only saves unnecessary time, effort and costs, but also goes some way to reassuring clients that, all things considered, a successful IVA is a likely outcome.

    6. Do not be persuaded by IVA companies offering unrealistically low payment IVAs.

    It is easy to be given a false sense of security, but the truth is that IVA repayments are based on what you can reasonably afford, not what some clever sales person is trying to make you think is acceptable to creditors. Large write off figures are very persuasive, but are by no means guaranteed. Creditors will ask for modifications to your payments at your creditors meeting if they feel that you could reasonably afford to payback more money, and the IVA will not proceed if you can't agree to these modifications. So be sure that you feel the payments you are offering are fair and reasonable.

    7. Look for a money back guarantee.

    When you have decided that an IVA is your best option, be sure that, if the Insolvency Practitioner takes payments pre creditors meeting, these funds are refundable should your application is unsuccessful.

    8. Let your instincts guide your decision.

    Don't feel that any one IVA company is the only one able to help you. If you feel that an IVA company is offering something to good to be true, ask them testing questions and gauge their advisers response. Don't forget, if you are in any doubt, get a second opinion.

    Finding the most suitable IVA company to help you is so important, as, don't forget, this company will be presenting your

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    3. Be sure that the IVA company you are using has carried out a thorough analysis of your circumstances.

    To be able to advise you on which action you should take it is essential that they really understand your true situation now.

    4. Be sure that they talk through all your alternatives.

    This could include Bankruptcy, other repayment plans and possibly even a consolidation loan or a re-mortgage.

    5. Be wary of an IVA company that suggest that an IVA is a foregone conclusion.

    In truth an IVA's success is based on the decision of the creditors. A good Insolvency Practitioner, however, will always err on the side of caution and use his experience to assess each new case before commencing his work. This not only saves unnecessary time, effort and costs, but also goes some way to reassuring clients that, all things considered, a successful IVA is a likely outcome.

    6. Do not be persuaded by IVA companies offering unrealistically low payment IVAs.

    It is easy to be given a false sense of security, but the truth is that IVA repayments are based on what you can reasonably afford, not what some clever sales person is trying to make you think is acceptable to creditors. Large write off figures are very persuasive, but are by no means guaranteed. Creditors will ask for modifications to your payments at your creditors meeting if they feel that you could reasonably afford to payback more money, and the IVA will not proceed if you can't agree to these modifications. So be sure that you feel the payments you are offering are fair and reasonable.

    7. Look for a money back guarantee.

    When you have decided that an IVA is your best option, be sure that, if the Insolvency Practitioner takes payments pre creditors meeting, these funds are refundable should your application is unsuccessful.

    8. Let your instincts guide your decision.

    Don't feel that any one IVA company is the only one able to help you. If you feel that an IVA company is offering something to good to be true, ask them testing questions and gauge their advisers response. Don't forget, if you are in any doubt, get a second opinion.

    Finding the most suitable IVA company to help you is so important, as, don't forget, this company will be presenting your

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    This not only saves unnecessary time, effort and costs, but also goes some way to reassuring clients that, all things considered, a successful IVA is a likely outcome.

    6. Do not be persuaded by IVA companies offering unrealistically low payment IVAs.

    It is easy to be given a false sense of security, but the truth is that IVA repayments are based on what you can reasonably afford, not what some clever sales person is trying to make you think is acceptable to creditors. Large write off figures are very persuasive, but are by no means guaranteed. Creditors will ask for modifications to your payments at your creditors meeting if they feel that you could reasonably afford to payback more money, and the IVA will not proceed if you can't agree to these modifications. So be sure that you feel the payments you are offering are fair and reasonable.

    7. Look for a money back guarantee.

    When you have decided that an IVA is your best option, be sure that, if the Insolvency Practitioner takes payments pre creditors meeting, these funds are refundable should your application is unsuccessful.

    8. Let your instincts guide your decision.

    Don't feel that any one IVA company is the only one able to help you. If you feel that an IVA company is offering something to good to be true, ask them testing questions and gauge their advisers response. Don't forget, if you are in any doubt, get a second opinion.

    Finding the most suitable IVA company to help you is so important, as, don't forget, this company will be presenting your

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    l the payments you are offering are fair and reasonable.

    7. Look for a money back guarantee.

    When you have decided that an IVA is your best option, be sure that, if the Insolvency Practitioner takes payments pre creditors meeting, these funds are refundable should your application is unsuccessful.

    8. Let your instincts guide your decision.

    Don't feel that any one IVA company is the only one able to help you. If you feel that an IVA company is offering something to good to be true, ask them testing questions and gauge their advisers response. Don't forget, if you are in any doubt, get a second opinion.

    Finding the most suitable IVA company to help you is so important, as, don't forget, this company will be presenting your case to your creditors, so you must be sure you have found the right one.

    Remember, communication is the key to a healthy relationship, so once you have decided, keep all channels open!

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