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Are you eligible for a Formal Debt Solution?

  • Freeze Interest

  • Full Legal Protection

  • Affordable Payments

  • Up to 80% Debt Write Off

  • Check Eligibility Today

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If you do not maintain the full contractual repayments to your creditors, this will negatively impact your credit rating. It is very important that you read all of our small print, Terms & Conditions of each available option, to make an informed decision. A debt advisor will outline if fees are applicable depending on the debt solution you qualify for.

Debt you can include:

Credit Cards

Overdrafts

Catalogues

Council Tax

Payday Loans

Store Cards

Personal Loans

HMRC

If you need help with bills
Check If You’re Eligible
Get help with your debts today

IVA example showing fees and projected debt write-off:

Total payment £7,080 of which;
£3,650 fees
£3,430 goes to your creditors

which equals a £22,343 debt write off
Based on a 60-month IVA

Debts you can include:

Credit Cards

Payday Loans

Overdrafts

Store Cards

Catalogues

Personal Loans

Council Tax

HMRC

and many more.
Check If You Qualify

If you do not maintain the full contractual repayments to your creditors, this will negatively impact your credit rating. When qualifying for one of our IVAs, it is very important that you read all of our small print, Terms & Conditions of each available option, to make an informed decision. A debt advisor will outline if fees are applicable depending on the debt solution you qualify for.

MOBILE ONLY VIEW

Free and impartial money advice is available from the Money Helper, an organisation set up by the Government for people in debt.

There are advantages and disadvantages to having an IVA – let’s break both of those down:

Advantages

One affordable monthly payment
All of your necessary living costs will be taken into account before an IVA payment plan is agreed.
Stop interest and charges
Once you have your IVA approved, any interest and / or charges are frozen. These can’t and won’t be added to your debts by your creditors, preventing the debt amount from increasing.
Write off a significant percentage of your debt
On average, an IVA lasts for six years. Provided your agreement is adhered to, your remaining unsecured debt will be written off.
Protect your home and vehicle
Essential assets such as your home or vehicle are usually protected during an IVA. You may retain these, provided they are of a reasonable value.
Stop worrying calls and letters from your creditors
Once your IVA has been accepted by creditors, they are bound, by law, to no longer contact you requesting payment directly. The Insolvency Practitioning team administering your IVA will deal with creditors on your behalf.
Stop court and bailiff action
Provided you are sticking to your IVA terms, creditors are not entitled to take any legal action against you – including sending bailiffs to visit you.
It could help with bills
All of your necessary bill costs will be taken into account before an IVA payment plan is agreed.

Disadvantages

Your creditors must agree to an IVA

A high proportion of IVAs proposed are accepted however your creditors do have to agree to an IVA, therefore we can’t guarantee it.

It will affect your monthly budget(s)

An IVA is a formal arrangement, so you do need to comply with the terms for it to work. The monthly payments will be affordable and sustainable but are likely to mean quite a tight budget while the debt is repaid.

It will affect your Credit Score

It will affect your credit score. IVAs remain on your credit file for six years from the date your creditor agrees to it or until your IVA is finished, if it lasts longer than six years meaning that even if you complete it within five years, it will show up on your record for another 12 months.

Your IVA will be listed

Your IVA will be listed on the Individual Insolvency Service register.

You pay fees to your IVA company

You will pay fees to the IVA company, although they will often be factored into your affordable monthly payments.

When qualifying for one of our IVAs, it is very important that you read all of our small print, Terms & Conditions of each available option, to make an informed decision.
One of our Debt Advisors will outline if fees are applicable depending on the debt solution you qualify for.