How to Apply For an IVA

If you are wondering how to apply for an IVA, you may be wondering what the process entails. Before applying for an IVA, it is important to know what it involves. An IP will help you set up a plan and negotiate with your creditors to get your debts under control. The IP will work with you to determine the monthly payment you can realistically afford. This payment must be low enough to keep you from falling into a financial hardship. Your IP will then speak with your creditors to arrange a meeting to discuss your case. Your creditors will either meet in person, by phone, or even via video conference.

When you start to apply for IVA, you need to have some proof to back up your claims. The more documents you can provide, the better, because this will help the IP calculate the most affordable monthly payments and fees for your plan. Make sure that you are truthful when providing this documentation, because if it is inaccurate, it will hurt your application, and could lead to you paying more than you can afford. Your IP will need to see some of your recent bank statements and other documents to verify your income. If you have a mortgage or rent agreement, you should have this as well.

Your creditors will have the opportunity to approve or reject your application. For an IVA to be approved, you need to have seventy-five percent of your creditors vote in favor of it. Once 75% of the creditors have approved the application, the IVA will start. At this point, your creditors will be notified that all outstanding debt will be frozen. During this time, you will be expected to make regular monthly payments. You will also have to pay an IVA fee, which will be disclosed to your creditors.

Teenage Driving Statistics – Why GPS Tracking Matters

In a 2011 study conducted by Liberty Mutual Insurance and Students Against Destructive Decisions (SADD), 68% of teens said they had narrowly avoided a crash, and more than half had experienced more than one close call in the past year. More than 2,000 students in 28 high schools were surveyed for this study, which was released on June 13.

Of those who said that they had a close call, 55% blamed other drivers or the weather. However, when asked what was happening during the exact time of that close call, 30% of teens said they were speeding, 21% said they were texting and 20% said they were talking to passengers in the car.

A similar study conducted by the Children’s Hospital of Philadelphia and State Farm Insurance in April, found that when crashes occurred because of an error made by a teen, 20% of the time distracted driving was to blame (texting, mp3 players, passengers, etc.). The study also found that speeding was responsible for 21% of crashes in which teens were at fault. According to the federal Centers for Disease Control and Prevention, teens are four times more likely to get into accidents than older drivers. About 3,000 teens died in auto accidents in 2009; according to CDC estimates, roughly 350,000 were treated for injuries.

Stephen Wallace, chairman of SADD, says the idea to research close calls by teen drivers came out of focus groups. “We were hearing a lot of kids saying ‘I almost did this, I almost did that,’” Wallace says. The problem is, however, these close calls and crashes aren’t changing driving behaviors and bad habits among teens. According to the Liberty Mutual/SADD study, a little over half the teenagers surveyed said their new habits lasted only a few months or less.

GPS Tracking Devices For Teenage Drivers

As children gradually transition into adolescence, one of the greatest fears that parents often face is placing their teenagers behind the wheel of a car. This is a significant event in the life of both the parent and the teen, however, parents now have the tools necessary to ensure their child is responsible behind the wheel. Teen tracking using GPS technology provides a level of security from the convenience and comfort of home using a computer, smartphone or mobile tablet with internet access.

Real-Time GPS trackers can capture and transmit important GPS location data, such as time, position, and even the vehicle’s speed in a matter of seconds. GPS tracking devices, such as Tracki, Vyncs GPS, LandAirSea 54, and SpaceHawk GPS overlay the live and historical positions over high-resolution satellite images such as Google Maps. This provides a truly user-friendly and intuitive tracking experience.

And since speed is often a major concern for parents, who are the ones that pay for the insurance premiums, alerts can be sent as a text message (SMS) or email when a user-defined violation occurs. In addition to speeding alerts, location proximity alerts can also notify parents of the arrival and departure of their vehicles.

GPS vehicle trackers have also become relatively affordable over the past few years, offering a simple and logical safety solution for less than a cup of coffee per day. Teen tracking also has the potential to provide some financial benefits as well. Many insurance companies recognize GPS tracking devices as a theft recovery solution and offer a policy discount.

How Installing GPS Tracking Devices Can Help Teen Safety

According to recent statistics from the Illinois Department of Transportation, young drivers between the ages of 16-20 were involved in 58,392 total reported crashes in 2010. And although they account for about 8% of all licensed drivers, their involvement in crashes is considerably higher. In addition, teenagers driving at night with passengers are four to five times more likely to crash than teenagers driving during the day.

A statistical research study performed by the National Traffic Safety Administration also revealed that more than 5,000 teens are killed annually in traffic collisions, which makes it the leading cause of death for Americans between ages 15 and 20.

GPS car trackers, can be used to monitor and track the driving habits of young drivers by keeping them accountable for their whereabouts and their driving tendencies. Installing a GPS tracking device can also help reduce the risk of vehicle-related accidents, injuries, or even fatalities among young, less-experienced drivers.

While no guaranteed life-saving inventions are available in today’s market, proper monitoring and guidance can greatly reduce the risk of injuries and/or fatalities among teenage drivers. Utilizing devices such as real-time GPS trackers, can serve as a valuable preventative tool to help parents monitor one of their most cherished assets, their children.