It\u2019s been a busy start to our year at IVAorg and it\u2019s always bittersweet saying that because whilst being busy means that people are worried about their finances, it also means you\u2019re reaching out and taking action which is the single best thing you can do.<\/p>\n\n\n\n
Unfortunately looking at the economic environment it\u2019s unlikely things are going to improve in the short term. We are heading in to a recession, macro (external) factors mean gas and electricity prices will stay high, along with interest rates \u2013 meaning mortgage rates will stay high, borrowing costs will be high, and food costs will also rise.<\/p>\n\n\n\n
We aren\u2019t highlighting this to depress you, or make you feel worse. But reading the stark truth about all these increasing costs means that we have to face the reality that we aren\u2019t going to wake up one morning and see that everything is suddenly back to normal.<\/p>\n\n\n\n
It\u2019s also unlikely – unless you\u2019re very lucky – that your income has increased in line with all these rising costs. Therefore, most households will have the same money coming in, but more money going out.<\/p>\n\n\n\n
If things were tight before then this could be the tipping point for some families or individuals, one bill gets missed, then two then three.<\/p>\n\n\n\n
*We always advocate seeking impartial support or advice from a Not-for-Profit organisation.<\/p>\n\n\n\n
Unfortunately, many of the commercial IVA providers incentivise their staff by rewarding them for putting people into IVAs, even when it may not be the best option.<\/p>\n\n\n\n
This means you could be vulnerable to being given bad advice.<\/p>\n\n\n\n
You need to make sure that whoever you speak to genuinely has got your best interests at heart and are not just focused on getting you to agree to something which benefits them, even when it may not be right for you.<\/p>\n\n\n\n
At IVA.org we don\u2019t believe in rewarding bad advice, which is exactly why we\u2019ve introduced our unique pledge<\/a>. In fact, if we don\u2019t believe an IVA is right for you (and it often isn\u2019t) then we\u2019ll tell it to you straight and explain why.<\/p>\n\n\n\n If you\u2019re worried about your finances our team are always available to talk to you, we have online chat and our dedicated phone line available evenings and weekends. 0800 856 8569<\/p>\n","protected":false},"excerpt":{"rendered":" It\u2019s been a busy start to our year at IVAorg and it\u2019s always bittersweet saying that because whilst being busy means that people are worried about their finances, it also means you\u2019re reaching out and taking action which is the single best thing you can do. Unfortunately looking at the economic environment it\u2019s unlikely things …<\/a><\/p>\n","protected":false},"author":11,"featured_media":277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[29,44,36,32,30,31,46],"ppma_author":[78],"class_list":["post-276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cost-of-living","tag-bills","tag-budget-planner","tag-budgeting","tag-cost-of-living","tag-costs","tag-income-and-expenditure","tag-pledge"],"aioseo_notices":[],"authors":[{"term_id":78,"user_id":11,"is_guest":0,"slug":"iain-wrenshall","display_name":"Iain Wrenshall","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/5da630bf4c571f09624ec1c965da64d5b6ec158173234a52f41b1d5469fbc39a?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.iva.org\/blog\/wp-json\/wp\/v2\/posts\/276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iva.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iva.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iva.org\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iva.org\/blog\/wp-json\/wp\/v2\/comments?post=276"}],"version-history":[{"count":6,"href":"https:\/\/www.iva.org\/blog\/wp-json\/wp\/v2\/posts\/276\/revisions"}],"predecessor-version":[{"id":290,"href":"https:\/\/www.iva.org\/blog\/wp-json\/wp\/v2\/posts\/276\/revisions\/290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iva.org\/blog\/wp-json\/wp\/v2\/media\/277"}],"wp:attachment":[{"href":"https:\/\/www.iva.org\/blog\/wp-json\/wp\/v2\/media?parent=276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iva.org\/blog\/wp-json\/wp\/v2\/categories?post=276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iva.org\/blog\/wp-json\/wp\/v2\/tags?post=276"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.iva.org\/blog\/wp-json\/wp\/v2\/ppma_author?post=276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}