Do You Have Debts Over £5,000?

You may be eligible to manage your debts with an IVA.

Write off debt using a government-backed scheme *

Consolidate all your unsecured debts into one monthly repayment. 

Stop interest and charges from accumulating. 

No upfront fees – saving you £100’s. 

Stop all creditors, collection calls and bailiffs harassment.

Completely write off up to 85% using a government-backed scheme *

Instantly stop interest and charges from accumulating. 

No upfront fees – saving you £100’s. 

Stop all creditors, collection calls and bailiffs harassment.

Find out today if you qualify to reduce your unsecured debts.

List of debts that can be considered under an IVA:

  • Credit cards
  • Personal loans
  • Store cards
  • Payday Loans
  • Catalogues
  • Debt collectors
  • Bailiffs
  • Old car finance
  • Previous years council tax (subject to area)
  • Old utility bills
  • Old phone bills
  • HMRC Debt

If you owe money to other types of creditors then you can still file an IVA, but you cannot include those debts in your IVA,

Do I qualify for an IVA?

In order to qualify for an IVA you must meet the following criteria;

You owe more than £5,000

You owe money to 2 or more creditors

You can afford to pay a minimum of £70 per month

You are employed or self-employed

Click the link below, answer a few simple questions and we’ll arrange for a qualified advisor to call you back. They’ll help you get debt free in the easiest and quickest way possible.

What is an IVA?

An IVA is a voluntary arrangement between you and your creditors to pay all or part of your debt.  It’s a legally binding agreement in which you agree to make regular payments to an insolvency practitioner, who will divide your payments between your creditors.
Under this initiative, your creditors cannot add interest or charges to your outstanding debts. This means that if you maintain your monthly payments and comply with the terms of your IVA plan, at the end of it, all your remaining debts are written off.

How can we help?

100% Free Consultation

Our partners will help find the best option for you at zero cost.

Discrete and Confidential 

Your debt consultation with our partner is completely confidential.

No Upfront fees and Cost

Saving you time, money and getting further into debt.

Peace of Mind

Our partners will deal with all correspondence from your creditors for you.

How Does an IVA Work?

1. You add up how much you owe in total, at the moment.

2. You work out how much you can afford to pay each month to your creditors.

3. That amount is agreed upon by an IP (Insolvency practitioner), which is then proposed to your creditors.

4. You then pay that amount back over an agreed period of time.

What are the benefits of an IVA?

  • You don’t have to deal with creditors, bailiffs or harassment phone calls anymore.
  • Since an IVA is a legally binding agreement, your creditors can’t back out or change the terms after they agree to them
  • All interest and charges are stopped as soon as you agree to the IVA
  • Keep your car and home
  • No upfront or arrangement fees

Example of how an IVA works.

In this example, the individual has debts from a variety of sources. These debts work out as a sum total of £23,000, with monthly repayments of £760. With an IVA, the debt will be consolidated and payments reduced to £160 a month over 60 months. Thus saving a total of £600 per month and wiping away £13,400 of total debt.


Is an IVA right for me?

You must be technically insolvent. Your Insolvency Practitioner will look into your financial circumstances (income, day to day expenditure and debt level) before suggesting whether an IVA is right for you.  

There are two basic checks of insolvency:

  • Your debts are greater than your assets
  • You are unable to pay your debts as they fall due for payment

If these conditions apply to you, then seeking advice as an IVA may save you from bankruptcy.

How much debt do I need to qualify for an IVA?

You need a minimum debt level of £5,000 and two creditors to be considered for an IVA.

How long does it take to set up an IVA?

No one IVA is the same and the time they can take varies. An IVA can take anywhere between 4-8 weeks to set up depending on how complex your financial arrangements are. Once the IVA proposal is passed to creditors, it can take another 2 weeks to finalise.

How long will an IVA last?

Generally, IVAs run for 60 months or 5 years. 

How much do I have to pay Into the IVA?

The amount you pay will depend on your personal financial situation and agreed between you, the Insolvency Practitioner and your creditors. 

Will my home be safe?

When you are in an IVA you won’t have to sell your property. However you may be required to release equity by taking out a remortgage in the last year.

Can the creditors continue to chase me when I am in an IVA?

No, an IVA is legally binding as long as you keep up payments and co-operate with the Supervisor when asked to do so. Once an IVA has been approved, your creditors have no legal right to pursue you outside of the IVA, so letters and phone calls should stop.

Can I keep my credit card just in case I have an emergency?

You are not allowed to have any form of credit while you are undertaking an IVA, and this includes credit cards, overdrafts, loans and store cards.

  • * The amount written off will depend on your circumstances, income, assets and the current write-off policy of your creditors. Levels between 25% and 85% are realistic, depending on your ability to repay.  The “Government backed” is in  reference to the insolvency act 1986
  • **Fees maybe charged by the IP as part of the total IVA package.

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