IVA Information
IVA Advice – Write off Unaffordable Debt – IVA Information
IVA Information
Individual Voluntary Arrangement
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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

    Payment break finished but still can’t pay your IVA

    Is it possible to extend your IVA payment break? Could you reduce the payment amount? Can you stop your IVA and use a different solution?

    My IVA payment has gone up – what can I do

    Why has your IVA payment gone up? Options if you can’t afford the new payment. Can you stop your IVA and do something else?

    Overtime earned during the Coronavirus and your IVA

    Coronavirus overtime rules if you have a Protocol IVA. The rules if your IVA is not based on the Protocol. What if you can’t pay your IVA?