IVAs are not an appropriate solution if you're struggling with your secured loan repayments
Published on Friday, 18th of February 2011 by Iain Wrenshall. This article has previously been viewed 156 times and was last read on Saturday, 19th of May 2012 at 18:03:05.
Secured loans are loans secured against an asset, typically your home, and it provides the creditor with a degree of, well, security that if their loan isn't repaid then, ultimately, they can force the sale of the asset to get their money back. IVA's tend to be more suited for individuals with unsecured loans for reasons that I just cannot remember at this stage in my life...
