IVA Costs and IVA Fees

Our service to you is Free - but don't be fooled into thinking an IVA is free service. Because our fees are lower we can help more people than most other IVA companies.

Most of the advertising for IVA's gives the impression that the IVA company provides a Free Service or that the fees charged are of no consequence to the debtor. This is very misleading.

It is true that creditors pay for the costs of an IVA, however this is out of the money paid into the IVA. Therefore, as our charges to the creditors are lower than most other IVA providers, we get IVA's approved that would otherwise be rejected. Therefore we can help even more people out of debt than many other IVA companies.

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

Our Minimum Level of Debt for an IVA

In law, there is no minimum level of debt for an IVA.
Due to the costs involved, there must be a minimum level of debt to allow a substantial repayment to the creditors.

Many IVA companies will only propose an IVA for debts of over £20,000. However, often people owe more than they realise. Bearing this in mind, many IVA companies advertise their services for debts of £15,000, knowing that many people thinking they have debts of around £15,000 owe more. Many such companies rarely accept cases for debts, actually of, £15,000.

Due to our lower charges, we routinely have IVA's accepted for debts of around £15,000, and many for £10,000 - £12,000. We've had IVA proposals accepted for debts of £8,000.

IVA's for such low debt levels are for exceptional circumstances. For example, if the debtor has a job such that bankruptcy means dismissal, an IVA is better for the debtor and the creditors.

Our Minimum Monthly IVA Payments

In law, there are no minimum monthly payments for an IVA.
Most IVA advertising refers to minimum payments of £200. Our lower charges mean more for the creditors, hence lower minimum payments - therefore we can get more people accepted onto an IVA.
We have many clients paying as little as £150 - £170 into their IVA's. A few pay as little as £140 per month, however, these are exceptional cases as per the example above.

No Up Front IVA payments.

We do not charge up front fees.
Many IVA companies charge up front payments from debtors to prepare an IVA proposal, typically £500. We consider this to be morally wrong as it often means more debt for the client. Some companies advise clients to borrow to fund this up-front the payment. Now, this is criminally wrong. This is incurring more debt when it is known that the client is insolvent and has no ability to, nor intention of paying it back.

How We Keep Our IVA Costs Low

Many debt companies offer only IVAs and spend a fortune advertising this single service. As we offer the full range of debt solutions, we can help most people who contact us who can afford to pay at least £100 per month towards their debts.

Due to our professional excellence and experienced, highly trained staff, we are able to operate very efficiently. All this helps keeps our costs down while offering the highest standard of service.

Our Excellent IVA Approval Rate

Our failure rate at the creditors meeting is currently 3.2%, other large IVA companies publish a failure rate of 8%.
As our fees are low, it is in essential for us to maintain this excellent record. We tend to only have cases rejected when someone has been less than honest with us. For example, creditors find out about debt not included in the IVA proposal.

Whatever your circumstances, our aim is to offer advice that is in your best interests to enable you to look forward to a debt free future.

Call us today for free impartial advice specific to your situation.

Can We Help? Want To Know More?

If you would like us to call you back with some specific advice or more details about our debt solutions then please enter your details below.

your name	your email address (optional)
your phone number	2nd phone number (optional)
Best time to phone
Please enter your question or some information about your current situation. (optional)

Privacy Statement: We consider protecting your privacy to be a serious issue. By submitting your details you are accepting our Privacy Policy. All Correspondence is in the strictest confidence.