Financial Future

IVA cannot be completed without getting 75% approval from all creditors involved in this procedure which means that creditors’ acceptance is one of the chief conditions for initiating an IVA effectively. But the question is that every creditor should accept the IVA with no fear at all or he has to do some investigation in this interest to make certain the benefits of IVA for repayment of his credit properly. The answer is that every lender should first investigate the IVA proposal in it’s entirety to get an a sense about its legality for solving debt management issues . If he finds that everything is lawful and legitimate then he can accept it with no suspicion at all but in case he finds anything illegal or falsified then he must refuse it completely to inhibit any financial problem in future.

What are Key Components of an IVA?

IVA is designed to cater the needs of both creditor and borrower in order to find out a middle way to evade insolvency service which ruines things on both ends. Therefore the key components of IVA incorporate the assurance of particular things for both parties. It includes the guarantee to give the better financial versatility to borrower as in comparison to bankruptcy and to pay back all unpaid debt to lenders safely. If creditors and debtor are finding these pledges in an IVA proposal then it is delivering its actual objective in solving the economical issues on both sides without losing any possessions, asset or social status in case of filing bankruptcy for them.

Steps to consider before Starting and IVA ?

In you are thinking about staring IVA then you have to to do a few steps before taking the final step. Firstly get IVA counseling from professional advisors easily available online. Secondly you need to judge your eligibility for getting an IVA. Thirdly assess the IVA charge you have to pay for entire procedure. Fourthly compare the terms and conditions of IVA process with that of bankruptcy and evaluate the suitability of both alternatives for your debt problems. If you find that IVA gives you those advantages which bankruptcy cannot give then you ought to go ahead to start IVA if not you should go for another debt reduction option for your rising debt problems.

IVA Proposal

IVA proposal is a document which contains borrower’s financial position, the quantity of his unpaid debt, his total belongings, repayment competence and recommendations through which all outstanding debts will be writen off without filing bankruptcy. So the objective of an IVA proposal is to make clear that why should a borrower consider IVA, why should a creditor admit this IVA and how will an IVA be adequate for solving complex financial problems on both sides. In this way the approval and rejection of an IVA generally depends upon the convincing language and proposal used in an IVA proposition to make creditors concur for its approval.

Maintaining a good credit and avoiding bad credit report for the rest of your live isn’t that easy though. There you’ll need some helps along the way, especially in getting the recent information about your credit and your score as well. This is true that there are services available out there for the purpose, but the question is are they providing services and features we exactly needed? Well, that’s another problem to be solved though.

The most important thing to consider is that you have to find some reviews and evaluation of these services just to make sure you get all the things well arranged and served for you. FreeCreditScore.com is what always being categorized as a reliable and recommendable service for all your credit report monitoring help. This isn’t only because they provides the free credit score information updates, but also the provider provides comprehensive and precise credit analysis with change alert and id theft insurance applied.

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Having a bad credit score is not a benefit. It is a total misery because loan lenders will not trust you anymore. They will think of you as bad loan borrower who cannot pay back the debt. They will become very reluctant in letting you to borrow the loan from them. It is because they don’t want to have any difficulties in getting back their money from you.

If you think you have no problem with your debts because you never miss the deadline of the payment, you will never receive a bad credit report. But, there is case when the credit bureaus make mistake in delivering the credit report. They put a wrong score on your credit report. If the score is the good one, it will be your benefit. However, if the score is the bad, such as the minus one, it will be your big loss. If this is happened, you need to immediately visit Ovationcredit.com. This website will help you to fix credit. The website has two programs, which are The Essentials and Essential Plus, for credit repair. Both the programs are assisted by personal case advisors who will guide you in reviewing the credit report and in activating the dispute manager.

You need to visit the website yourself for further information.

There is a lot of credit card customer that suffered with bad credit or difficulties in conduct payment just because they made a mistake while choosing the right credit card. They might not compare between one and another available credit card when they were order it in the first time. If you are looking for the great credit card that would be able to serve your needed expenses, you may try to visit Comparecards.com right before you conduct order.

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Por ejemplo, BBVA Bancomer está enviando cartas a sus clientes que tienen planes de pagos en sus Tarjetas De Credito que “si realiza en pago en sucursales Bancomer, indicar al personal en ventanilla el destino del pago anticipado que realizará, es decir, deberá indicar cuánto de su pago será aplicado a su ‘Plan de Finanzas Ajustadas (PFA)’ y cuánto a su saldo revolvente en caso de tenerlo”.

Más abajo en la carta indican que “si sólo realiza el pago sin especificar lo anterior, el pago anticipado que realice quedará como saldo a favor en su revolvente y será aplicado a las mensualidades del ‘PFA’ conforme se vayan requiriendo mes a mes en los siguientes estados de cuenta, a menos que fuera absorbido antes por nuevas compras”.

El problema es que aquellos clientes que hagan sus pagos a través de otros bancos, ya sea vía electrónica o en sucursal, de cualquier forma se ve obligado a acudir a una sucursal de Bancomer a pedir que tanta cantidad del pago se vaya al saldo revolvente y otra determinada cantidad al PFA.

Sin embargo, de acuerdo con el artículo 10 de la Ley para La Transparencia y Ordenamiento de los Servicios Financieros “en los créditos, préstamos o financiamiento que las entidades otorguen, el pago de los intereses no podrá ser exigido por adelantado, sino únicamente por períodos vencidos”.

A pregunta expresa, BBVA Bancomer aseguró que las nuevas disposiciones para algunos de sus clientes de tarjetas de crédito no violan este artículo.

Pero ¿si no puedes acudir a la sucursal a pedir que se destinen las cantidades, no te están obligando de cierta forma a pagar intereses por adelantado?

Adicionalmente, conforme al artículo 17 de la Ley de Transparencia, los bancos tienen prohibido llevar a cabo prácticas discriminatorias, como “los actos que se realicen para no permitir a sus clientes utilizar la infraestructura de otras entidades o desalentar su uso”.

BBVA Bancomer también asegura que sus nuevas disposiciones no violentan la ley, ¿tu qué opinas?
Para la Comisión Nacional para la Protección y Defensa de los Usuarios de Servicios Financieros (Condusef), al menos sí se le está complicando la vida al cliente para cumplir con el pago de sus adeudos.

La mayor institución bancaria en México, medida por sus activos, aseguró que estos PFA o Planes de Finanzas Personales se están otorgando a clientes en el caso de que tengan “algún problema para pagar su tarjeta de crédito” y no califican como reestructuras.

La Condusef está trabajando actualmente en una nueva regulación que permitirá a los usuarios antes de que termine el primer semestre del año, enviar un oficio a su banco para avisar al banco que se quiere cancelar la tarjeta y dejarla en un régimen que se llama “terminal”, esquema que se puede utilizar cuando se quiere cancelar el plástico, pero no se tiene el dinero para saldar el adeudo de inmediato.

Esta nueva disposición evitaría que los bancos puedan cobrarle más comisiones al deudor.
El caso de BBVA Bancomer es sólo un ejemplo, algunos meses atrás vimos el caso de un deudor de Santander, quien tuvo que acudir a la Condusef para que le respetaran lo prometido.

¿A ti, con la institución bancaria con la que tienes tu tarjeta de crédito te facilitan o dificultan el pago de tu deuda? ¿Ves conflictos entre lo que te dicen en la atención telefónica y lo que te dicen en sucursal? ¿Has logrado que te atiendan o te resuelvan los problemas? ¿Cómo calificas el servicio que te dan como cliente? ¿Qué quieres decirles a los directivos de estos bancos?