Creditors’ representative TIX making life more difficult for disabled debtors.

We are appalled at the behaviour of the biggest organisation representing creditors in IVAs – TIX. Individual Voluntary Arrangements (IVAs) are supposed to be accepted by creditors when they are affordable, achievable and represents the debtors’ best efforts. They are supposed to be the best a person can do to repay as much as possible of the debts. It’s a five year commitment (usually) and its pretty fair for both sides – but it isn’t supposed to be set at a level that makes life horribly hard.

IVA Factories – a good thing, or not?

The fact is that whenever anyone mentions the term “IVA Factory”, it’s like a sour taste in your mouth. The connation it creates is everything one would naturally reject. It implies clients are a number rather than a name and that the goal of the day is about churning out business and hitting targets rather than making a difference to people’s lives.

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