What should I look for in an IVA company?
There are numerous scams going on for all sorts of debt advice all over the UK. Even companies that could claim to be operating legally are not looking to help you escape debt, but simply hit the quota’s that they need to.
So it is important that you are wary of any companies that you are talking to. Make sure that you consider all the options before signing up – and try to investigate a little about the company first. To avoid falling for such a scam try these tips when you are looking for an IVA company.
Tips to Follow When Looking for an IVA Company
· Ask around. Before hunting one yourself ask around your friends, family, co-workers etc. It could be they have gone through the same process and will know a company for you to talk to.
· Look at the adverts. Are they making ludicrous claims about how much money they can write off? Remember that these claims are made before they have spoken to the companies – or even know which companies are involved, so there is no way they can guarantee any sort of claim.
· Ask they asking for a large up front fee. This is almost a sure sign that the company you are dealing with is one to avoid. If they want a large up front fee then you should certainly think strongly about steering clear.
· How long have they been in business? Look for companies that aren’t fly by night, that have been around a long time and you know won’t disappear.
· Are they Government accredited? Depending on the service they are performing there is a likelihood they would need to be Government certified – ask to see details on what certification they have to perform their role.
Remember, if something sounds too good to be true it almost always is. So remember these tips but also trust your instincts. Certainly never just sign for the first IVA company you find.
