IVA's

What is an IVA ?

An IVA is legal process for those with unaffordable unsecured debts.
It is a formal agreement between you and your creditors whereby you repay what you can afford, usually over 60 months. After which, the outstanding debt is written off.

Try our Debt Analyser to see if you qualify for an IVA. 

Why Should i Consider an IVA?

Here are just some of the key benefits people experience when entering into an IVA - however, to fully understand and take on board the full "Facts", "Benefits" and issues you need to "Be Aware" of before you enter into an IVA, please see our IVA FAQ Guide here.

• An IVA reduces debt by up to 70%.
  You only repay what is affordable after taking into account your personal circumstances.
• An IVA allows you to be free from debt in 5 years.
  In 60 months you will be debt free, the rest is written off.
  This is dependant upon approval of 75% (by value of the debt) of your creditors, and provided you maintain the payment schedule.
• An IVA Stops freezes interests on your debts.
  You will stop paying interest on your debts at the point in time of your IVA proposal being approved.
  
• An IVA Stops harassment.
  Creditors and Debt Collectors can't legally pursue debt repayment once an IVA is in place.
• An IVA avoids bankruptcy.
  An IVA means you reach an agreement with your creditors whereby they cannot bankrupt you if you maintain the agreed IVA payments. Bankruptcy means you lose control of all your assets, including your home.

What can YOU do for me ?

• Offer clear advice & a range of solutions.
  We will ask you about your debts, income and expenditure.
  We will advise if an IVA is the most suitable way to tackle your financial problems.
  We offer debt solutions other than IVA's, such as debt management plans, secured loans and remortgages. Therefore you can be assured we are not pushing just one solution, but offering impartial advice, specific to your circumstances.
• Prepare everything for the IVA
  To learn more please see IVA Process.

Why Use Our Service

Creditors bear the cost of an IVA from payments made into the IVA by the debtor. However, because our fees to the creditors are lower than the industry average, we are able to help more people than many other IVA companies. Please Read - Why You Should Use Us.