Debt Consolidation Credit Counseling In Phoenix

There are a lot of companies offering IVAs and debt help. How do you pick the best one? That is a good question that many people ask themselves. It is very important to choose the right IVA company, yet it is hard to check each company's background with a clear mind when you are so worried about your debt.

An IVA company will help you deal with your Insolvency Practitioner (IP). The IP is the person who will be in charge of your IVA - you will want to have one with a good reputation. It is hard to find and deal with a good IP, so getting a good IVA company will give you some piece of mind with you debt solution.

Follow the advice below in order to save time and frustration:

1. If you know somebody who has already went through the process of getting an IVA, ask them about their experience. This will help you figure out if you want to use that IVA company or not.

2. Phone some IVA companies to get an idea of what you want. Arrange meetings with 2 or 3 of those companies so your options are not limited. Make sure you are comfortable talking to the advisor on the phone, and if you are not - just don't pick that IVA company as one you would like to meet with.

3. Don't pay for the initial consultation. The initial consultation and paperwork should be free of charge. Before any work is done, make sure that the IVA company does a thorough analysis of your financial situation. This is very important.

4. Never choose a company that guarantees you an IVA. Until the majority of companies that you hold debts with have agreed to the IVA then your application may still be rejected. The companies that say otherwise are only after your money. Also, beware of those stating that you will only have a low premium at the end of it because if it sounds too good to be true then it most likely is!

5. Last but not least, since you don't know if your IVA will be accepted, make sure that the IVA company agrees to give you a refund if your IVA application has been refused. You might need to pay for some of the work before the application has been completed. If you don't get such a guarantee, the IVA company is not obligated to give you a refund. So make sure you get that straight before you pay anything.