Best IVA Companies 2024
Nov 28, 2023 ● 2 min
Earlier in 2023, the Financial Conduct Authority (FCA) announced significant changes within the financial sector to clamp down on companies taking advantage of people struggling financially in the UK.
Some of the main goals of these changes were to stop companies from charging excessive fees for solutions such as IVAs (Individual Voluntary Agreement) and to ensure that consumers were making decisions after being given honest and authentic support.
But even with new regulations in place, how can you tell which are the best IVA companies in 2024?
The best IVA companies offer genuine support for those who need it across England, Wales and Northern Ireland. Fundamentally, these companies adhere to strict rules, for example, it is a legal requirement for these companies to be registered with a licensed Insolvency Practitioner authorised by the IPA.
The best IVA companies should offer complete transparency when you talk with them, and they should be ready to answer your questions about the process. You should be given the time you need to think about your options and even be allowed to consult close friends or family. You should be aware of all the IVA costs and fees involved and never be confronted with hidden charges.
Another crucial part of your research process to find the best IVA company for you is to consider reviews. Knowing how other people in your position have found a service can help you remain vigilant against those less trusted, or on the other hand, may put your mind at ease that you’re in the right place.
At Money Advice, our commitment to good service is evident through our IVA Reviews, and the number of people we’ve helped continues to grow. We have over 1,300 5-star Google reviews and over 2,100 reviews on Feefo. We’ve been awarded the Platinum Feefo award in 2023 and 2024, following two consecutive years of winning the ‘Gold Trusted Service’ in 2021 and 2022.
Why not reach out for personalised IVA help today?