What happens if my monthly bills change while I’m on an IVA?

You will not be kicked off of the IVA process, if your bills were to change while you are on it. IVA specialists will consistently monitor your income as well as your everyday household bills to ensure that you can keep up to your end of the agreement.

Here at Just Debts, we understand that the times are extremely tough and at times unpredictable. The current recession is causing everyone to scramble for help. If in anyway you feel that you cannot meet up with the original agreement in the IVA because of unexpected circumstances we can then re-evaluate your particular case.

In the case that your livelihood is in question, your IVA specialist will need to discuss your case with their supervisors in order to come to a solution concerning your existing problem. The supervisor and your particular specialist will analyze your case to try to come up with any alternative measures that they can to make the transition easy for you.

In some cases your specialist will speak with each of your creditors and make them aware of your current situation. They will then try to renegotiate the terms of the original agreement. This negotiation is in hopes that the creditors will be empathetic to your needs.

In most cases with an IVA, creditors are more than obliged to change certain aspects of an agreement. The creditors are seeking out what is owed, and consequently they know that if they can not adhere to what you can afford to pay, they may not receive payment at all.

Do not panic, if a twist comes in the center of your path. Our skilled IVA specialists are here to access your needs and provide you with a carefree way to become debt free.