What Can An IVA Do For Me?
- A single, lower, affordable payment
- Repayments based on what you can afford – not what you owe.
- Unaffordable debt is written off
- Unaffordable debt is written off when an IVA completes.
- Interest & charges stopped
- No more interest or charges added.
- Protection from creditors
- No more creditor letters, calls or legal action.
In 2021 Alone, Over 80,000* People Signed Up To An IVA To Resolve Their Debt Burdens
About Us
What Is An IVA?
An IVA is a debt solution to help people with little prospect of repaying their debts in full, but able to commit to regular payments to repay them in part, (normally over 60 months) in exchange for the rest being written off.
If you owe at least £5,000, are struggling with payments but can commit to at least £90 per month, you may qualify for an IVA.


How An IVA Works
We’ll review your financial situation to determine your level of debt what you can afford to repay each month. If an IVA is suitable, we can make a formal proposal to your creditors
If this is accepted, no more interest or charges can be added to your debts. Provided you maintain payments, all unpaid debt is written off at the end of the IVA, which normally lasts 60 months.
Benefits of an IVA?
- You Make Affordable Monthly Payments, Usually Over Five Or Six Years.
- If You’re A Homeowner You’ll Usually Be Able To Keep Your Home, As Long As You Maintain The Mortgage Payments And Any Secured Loans On Your Property
- There Are No Set Up Fees To Be Paid Before Your IVA Is Agreed.
- There Are Fees Once Your IVA Is In Progress, But These Will Be Included In Your Monthly Repayments And Are Set By Your Creditors.
- If You Have A Lump Sum To Offer, This Can Be Paid As A One-Off ‘Full And Final’ Settlement, Or A Combination Of A Lump Sum Payment Followed By Monthly Payments
- Once You've Made Your Final Payment Any Remaining Unsecured Debt Is Written Off And Your Creditors Can't Pursue You For Payments
Considerations of an IVA?
- If There’s Equity In Your Home, You’ll Need To Try To Re-Mortgage Which May Result In A Higher Interest Rate
- If You're Unable To Re-Mortgage You Can Make A Maximum Of 12 Extra Payments Or A Third Party Can Offer A Sum Equivalent To The Equity
- If Your IVA Fails, Creditors May Request The Supervisor Of Your IVA Petitions For Your Bankruptcy
- Your Credit Rating Will Be Negatively Affected
- Your Creditors May Not Agree To Your IVA
- At The End Of Your IVA, Only Unsecured Debts Included In The Arrangement Will Be Written Off. Any Not Included Will Remain Outstanding
- Your IVA Will Be Recorded On A Public Register
- Once Your IVA Is Set Up Your Spending Will Be Restricted Until The IVA Comes To An End