Press Release
NEW IVA COMPANY
CCCS Voluntary Arrangements is a wholly owned subsidiary of the Foundation for Credit Counselling, which runs the Consumer Credit Counselling Service. It will covenant its profits to the Foundation.
It aims to provide an efficient and compassionate service to people who are suited to an IVA; to improve transparency and returns to lenders; and to influence the marketplace for the good.
CCCSVA will serve the proportion of CCCS counselled clients for whom an IVA is the best solution. This year CCCS plans to give 150,000 counselling sessions.
The news of the entry of CCCSVA with lower fees and higher transparency has already begun to affect the marketplace which has been controversial in recent months because of heavy and sometimes misleading advertising, high fees and, in some cases, questionable practices.
CCCSVA is based in
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