We have 20 years experience with IVAs.
Quickly find out if it’s right for you with our three steps.

  1. Answer a few online questions
  2. Get your free Money-Smart report
  3. Find the right solution for you

Typical Example from all our customers who were recommended an IVA

This average example shows how these customers’ payments were made more affordable each month.

Personal unsecured debt – £33,080

Number of lenders – 9

Previous monthly debt repayments – £717

New monthly debt repayments – £177

On average over 17,000 people in the UK benefit from an IVA each year

An IVA is a legal agreement to repay a set amount to your lenders

IVAs are affordable

You’ll make one reduced payment each month – it’ll be affordable for you, and will take into account your essential expenditure, such as your rent or mortgage.

Freeze interest & charges

If your IVA is approved, lenders will freeze interest and charges and they’ll stop chasing you.

Your debts will be written off on completion

Once you’ve completed your IVA, any outstanding balance on your unsecured debts included in the IVA will be written off. Any unsecured debts not included will remain outstanding.

Equity release

You’ll be able to keep your home, however you may need to release equity to repay your debts. If you’re unable to re-mortgage, you may need to make extra contributions for 12 months. Re-mortgaging could result in a higher interest rate.

Terms of the IVA

You could be required to reduce spending on non-essential items. If the IVA fails, you could be at risk of bankruptcy.

Credit rating

Your IVA will appear on your credit rating for six years from the date it’s registered and details will be included in the publicly available Insolvency Register.

Debt Relief Orders are available subject to eligibility and acceptance, alternative solutions may be offered. Fees payable if continuing services are provided. Our fees are explained here. To find other sources of free advice visit Money Helper. It’s here to listen and give free, impartial, trusted guidance. Based around you and backed by government.

Answer a few questions online, find out if an IVA is suitable for you

The IVA has become the most popular personal insolvency procedure in the UK to date

What will happen during an IVA…


A Money advisor will gather the information needed to assess your situation.

They will explain your options and help you decide if an IVA is right for you.


If an IVA is the right solution for you, a qualified practitioner will then prepare the IVA proposal documents.

We then ensure you read and understand the documents before signing.


Your lenders are sent the proposal and decide whether to accept it or not.

Once accepted the IVA is set up as agreed.


You will get a team of relationship managers to help you through your IVA.

Once your arrangement is fulfilled (usually 5 years), you will be free from debt.

If you own your own home, with an IVA you have the ability to safeguard it

Answers to common IVA questions?

Will I have to cut back on my spending?

You’ll be expected to cut back on any spending that isn’t essential so you pay as much as you can reasonably afford until your debt is written off

Will it affect my credit history?

Details of the IVA will appear in the publicly available Individual Insolvency Register and will show up on your credit history for six years from the day it starts – which will affect your ability to obtain credit

Will my home be at risk?

If you’re a homeowner, you may be asked to release any equity in your property in the final year of the arrangement. You may be subject to a higher re-mortgage interest rate as a result of being on an IVA. If you can’t re-mortgage, you may be asked to make up to 12 more monthly repayments instead

What will happen if I fail to make payments?

If you fail to stick to the terms of your IVA, you could be made bankrupt

Further information about IVAs

Do I qualify for an IVA?

Before you can apply for an Individual Voluntary Arrangement, you need to make sure that you qualify. There isn’t…

How does an IVA work?

If you’re considering an Individual Voluntary Arrangement, we’ll help understand exactly how this solution…

Is an IVA right for me?

Are you wondering whether an Individual Voluntary Arrangement is the right debt solution for you? An IVA can…

Impact on Credit Rating

Before you start an Individual Voluntary Arrangement, it’s important to understand the pros and cons of…

Our Customer promise

  • You will not be called by a call centre
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  • Our experienced, debt advisors will only call at a time convenient for you.
  • We have helped over 400,000 people with a range of solutions – it’s important we find the right one for you.

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Find out if an IVA is a suitable solution

We know debt isn’t just a finance issue. It feeds into all elements of your life. When you are worried about your debt and it starts to get you down or is making your life difficult – it’s time to get help.

We’re here to help

If you are interested or would like more information on IVAs, talk through your options with one of our experienced money advisors

We hope you’ll be happy with our service but, if you’re not, we want to hear from you so we can try to put that right. Read here for information about our Complaints Procedure and about your right to refer a complaint to the Financial Ombudsman Service.

Your payments into a Debt Management Plan are protected and compensation
could be available from the FSCS if there are any shortfalls in funds held on a customer’s behalf.

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