IVA Plan

Write off unaffordable debt with an IVA

  • IVA Advice
    • How does an IVA work?
    • 7 Steps to using an IVA to become Debt Free
    • Is an Individual Voluntary Arrangement (IVA) Right For You?
    • IVA Vs. Bankruptcy: Which Is Right For You?
    • How to choose the right IVA company?
    • Need Free IVA Advice? You’ve Come to the Right Place
  • IVA FAQs
    • Can I get a joint IVA?
    • How Will an IVA Affect Your Mortgage?
    • How Will An IVA Affect My Credit Rating?
    • How Will An IVA Impact My Life?
    • Are there fees associated with IVAs?
  • Alternatives
    • Debt Management Plan (DMP)
    • Bankruptcy
    • 12 things to consider when deciding between an IVA and a DMP
  • About Us
  • Resources
  • Call us
    020 3326 9000

Individual Voluntary Arrangement (IVA) Advice

Be debt free in 60 months with an IVA*

Learn More Find out if you qualify

What is an IVA?

Legally binding agreement

An IVA is legally binding on the debtor and the creditor. When an IVA is agreed, if you make all your monthly payments by the end of the term you should be debt free.

Writes off unaffordable debt

An IVA writes of the debt you cannot afford. This can be as much as 70% or even more. However, the % is not important - what is most important is that an IVA is the appropriate solution for you.

Smaller monthly payments

As you only pay what you can afford your monthly payments will be smaller than those currently demanded by your creditors.

Learn More Find out if you qualify

How does an IVA work?

Firstly, you need to speak to a debt adviser and explain your circumstances. With this information they can then tell you if an IVA might be right for you, and if so, how much your monthly payments will be.

Learn More Find out if you qualify

Do I qualify?

There are 4 criteria which need to be met as minimum requirements for an IVA:

  1. £5,000 or more in debt
  2. Have 2 or more creditors
  3. In employment
  4. Have a surplus of income of at least £70 before you pay your debts each month

  5. Learn More Find out if you qualify

IVA Pros and Cons

Deciding to apply for an IVA is not a trivial decision to make. We outline the advantages and disadvantages of all debt solutions available. If you have any questions our advisers are always on hand to answer them. You can also read about the advantages and disadvantages of an IVA on the website.

Learn More Find out if you qualify

Are you ready to be debt free?

Call to find out if you qualify
020 3326 9000

or
Request a Callback



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* You may be required to pay a contribution towards your debts. This contribution is assessed based on your income and expenditure and can last for 60 months. Repaying debt over longer period may increase the total amount to be repaid.

Debt Solutions Subject to conditions and acceptance. Credit rating may be affected.
Fees payable if continuing services provided. Alternative free-to-consumer debt advice organisations as recommended by the Money Advice Service.

Copyright © 2018 IVA Plan is a trading name of the Carrington Dean Group Limited. Authorised and regulated by the Financial Conduct Authority. FCA No: 674395. Registered in Scotland, Company Registration No SC 225672. Registered Address: Fyfe Chambers, 105 West George Street, Glasgow, G2 1PB

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