IVA Information
IVA Information
IVA Advice – Write off Unaffordable Debt – IVA Information
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    Protect property from legal action

    An IVA gives legal protection your home. Creditors can no longer take action against it

    Welcome to IVA Information

    Have you got questions about an IVA? Want to check whether the solution is right for you and find out how much debt you could write off? You are in the right place.

    Use our IVA Calculator above to see if you qualify or give us a call (0800 011 4712) to talk to an expert about whether the solution is right for you.

    Write off Unaffordable Debt

    An IVA (Individual Voluntary Arrangement) allows you pay a single reduced amount towards your debts based on what you can afford. A monthly payment Arrangement will last 5-6 years. After this time any included debt which remains unpaid is written off.

    Only unsecured debts are included. You must continue paying secured debts such as your mortgage. If you are a home owner your property gets legal protection but you may have to release equity to increase the amount you pay to your creditors.

    The Arrangement is a legally binding agreement to settle your unsecured debts. It was introduced into law in 1986 and is available in England, Wales and Northern Ireland.

    How will an IVA Affect Me?

    An IVA has various affects. To what extent these will have an impact on you will depend on your financial and family circumstances

    Speak to our experts about an IVA or any debt solution

    How to become Debt Free Using an IVA

    An IVA involves various stages. After successfully completing all of these you will be free of your unsecured debts.

    What is an IVA

    Learn more

    Expert Articles about IVAs

    Do I have to get a new bank account in an IVA

    Should you get a new bank account if you start an IVA? Which is the best bank to use? Can you have a joint account?

    IVA and your house – New homeowner equity release rules

    New rules for the homeowner regarding equity release in an IVA. What if there is no equity in your property? The rules if you do have equity.

    Can I get a mortgage if I pay off my IVA early

    Can you get a mortgage after you pay off your IVA? So what is the benefit of paying an IVA early? What if you are already a home owner?