Flexible Debt Solutions – Financial support & advice.
- Write off unsecured debt using a government-backed scheme
- Consolidate all your unsecured debts into one monthly repayment.
- Stop interest and changes from accumulating.
- No upfront fees – saving you £100’s.
- Stop all creditors, collection calls and bailiffs harassment.
Check here if you qualify for debt help
100% Free Advice
Discrete and Confidential
No Upfront fees and Cost
Peace of Mind
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.
List of Debts
that can be considered under an IVA:
- Credit cards
- Personal loans
- Store cards
- Payday Loans
- Debt collectors
- Old car finance
- Previous years council tax (subject to area)
- Old utility bills
- Old phone bills
- HMRC Debt
Our Customers Say:
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 Does an IVA Work?
- You add up how much you owe in total, at the moment.
- You work out how much you can afford to pay each month to your creditors.
- That amount is agreed upon by an IP (Insolvency practitioner), which is then proposed to your creditors.
- You then pay that amount back over an agreed period of time.
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.