Get debt free
Struggling with your financial commitments?
- Write off up to 80% of your debt
- Get interest and charges frozen
- Stop lender contact
Struggling with your financial commitments?
IVAs were introduced by the Government as a way to help people who can’t afford to pay back all of their unsecured debts. It is a formal agreement between you and your creditors that can help you repay your debts in an affordable way. You’ll make repayments over a fixed term - usually five years - and your interest and charges are also frozen.
At the end of an IVA, any remaining debt included in the IVA is written off along with the interest and charges.
An IVA will show on your credit file for 72 months.
IVA checkerUnsecured loans
Store cards
Credit cards
Payday loans
Step 01
Use the IVA Solution Finder and we’ll put together a proposal for your lenders
Step 02
Once accepted, you’ll make one, affordable monthly payment
Step 03
On completion, all unsecured debt included in your IVA is written off
Find out today if you can write off up to 80% of your debt
Check if you are eligible
IVA checkerFor more help and advice, visit the Money Advice Service, an independent service set up to help people manage their money. Or find out more about the different options for paying off your debt here. IVAs are only available in England, Wales and Northern Ireland.
IVAs were introduced by the Government as a way to help people who can’t afford to pay back all of their unsecured debts.
With an IVA you pay what you can afford each month. Your interest and charges are frozen, and on successful completion, these are written off with the rest of your debt included in the IVA. Over the past ten years, 1000s of people have become debt free with an IVA.
What we could help you with...
Check if you are eligible
IVA checkerHow we’ve helped 1000s of people build a brighter future.
Paul works in recruitment. He was £40,288 in debt from loans and credit cards. He wasn’t able to keep on top of his payments. After speaking to us he was able to make one lower, affordable monthly payment of £160. Thanks to this, he wrote off most of his debt over a fixed term of five years.
Figures are based on an actual customer who was recommended an IVA. IVAs are subject to acceptance, we may suggest alternative solutions depending on your circumstances. Fees apply.
IVA checkerPaul's
Total unsecured debt
£40,288
We helped to write off
£30,689
75%
of Paul's debt was written off
Every debt problem is solvable and there are many solutions.
We'll listen and understand your situation so we can offer you the right advice.
Try the online checker and start to deal with your worries today
Do you qualify to have up to 80% of your debt written off?
IVA checkerExperienced advisors will look at your financial situation with you and work out, based on your monthly income, what you can realistically afford to pay towards an IVA.
A proposal will then be prepared for your lenders. This will include:
Your proposal will then go through the following process:
Please note, if your IVA fails, you would be at risk of bankruptcy.
For most people, an IVA will not affect their job.
Keep in mind though, that some employers can have rules against employing people in certain positions who are on an IVA, or have been in the past.
Your job can be affected:
Our advisors will be able to tell you if your job is likely to be impacted.
Your lenders will have to stop contacting you and chasing you for payments if your IVA is accepted.
Your lenders won't be able to take any further legal action against you.
An IVA is a private agreement between you and your lender. You don't have to tell anyone that you're on an IVA, if you don't wish to.
Your details will be added to the Insolvency Register until three months after your IVA ends. This register is publicly available, however someone would have to search for your details to find them.
You can pay off any of your unsecured debts with an IVA.
These include:
You can't pay off any secured debts, like your mortgage, through an IVA so you will need to continue to pay these.
Your monthly IVA payments will take these into account though, to make sure you have money available to pay them.
You don't have to worry about your home. It will be safe on an IVA.
You might be asked to release equity by remortgaging in the last year. If you're unable to, your IVA could continue for up to another 12 months.
If you're a tenant, your new monthly payment will leave enough money to cover your rent.
Check now to see if you qualify
Do you qualify to have up to 80% of your debt written off
IVA checker