In some cases an IVA is not the right debt solution for you. For free advice on your debts, please call 0800 0481 777.

• An IVA is a complicated legal procedure.
• You must have unsecured debts greater than £12,000.
• At least 75% of your creditors must agree to the IVA proposal.
• If bankruptcy offers creditors a higher return, they will not accept your IVA.
• 5 year agreement.
• You must commit to making monthly payments and failure to do so means that bankruptcy proceedings may be taken against you.
• An IVA will affect your credit rating for up to 6 years.

Terms & Conditions Apply. An IVA is for unsecured debts only, and should only be considered in extreme circumstances as failure to adhere to the IVA agreement could result in bankruptcy. Debt write off only applies when the IVA is agreed by your creditors and you have completed the, typically, 60 month term. Once your IVA commences, your monthly contribution is fixed and there are no additional fees on top. Our fees, paid by your creditors, are taken out of your monthly contributions to your IVA and will be notified to you in advance. Some homeowners may be required to remortgage.