Discover How an IVA Can Help You Regain Control

Individual Voluntary Arrangement (IVA) in the UK: A Path to Debt Relief

What Is an IVA?

An Individual Voluntary Arrangement (IVA) is a formal and legally binding agreement between you and your creditors to repay your debts over a fixed period, usually five to six years. With an IVA, you make affordable monthly payments based on your financial situation, and any remaining debt is typically written off at the end of the agreement.

Why Choose Money Helpers for Your IVA?

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Personalized Advice

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No Upfront Fees

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Confidential and Compassionate Support

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Proven Results

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Is an IVA Right for You?

An IVA may be suitable if:

  • You owe £6,000 or more to multiple creditors.
  • You’re struggling to make monthly payments and need a structured solution.
  • You have a regular income and can commit to affordable monthly payments.
  • You want to avoid bankruptcy and its potential consequences.

Not sure if a Trust Deed is the right solution? Contact us for a free assessment.

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Debts That Can Be Included in an IVA

An IVA covers most unsecured debts, such as:

  • Credit cards
  • Personal loans
  • Overdrafts
  • Store cards
  • Catalogue debts
  • Payday loans

However, secured debts (like mortgages or car loans) and certain other obligations, such as student loans or court fines, cannot be included in an IVA.

How Does a IVA Work?

Get in Touch

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Assessment of Your Finances

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Proposal to Creditors

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Creditor Approval.

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Affordable Monthly Payments

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Debt Relief at the End

Got IVA Questions? We’ve Got Answers!

Frequently Asked Question

Yes, an IVA will be recorded on your credit report for six years, which may impact your ability to obtain credit during this time. However, it’s a step toward financial recovery and debt freedom.

Creditors representing at least 75% of your total debt (by value) must approve your IVA for it to proceed. We’ll work hard to create a proposal that creditors are likely to accept.

Most unsecured debts can be included, but secured debts, student loans, and certain other obligations cannot be part of an IVA.

If you’re struggling to make a payment, contact us immediately. We’ll work with you to find a solution and avoid the IVA being terminated.

Take the First Step Towards Financial Freedom

Contact us now for a free consultation and let us help you on your journey to becoming debt-free.

Start Your IVA Application

Struggling with debt doesn't have to be a lifelong battle. Our personalized debt relief programs are designed to fit your unique situation. Take the first step towards financial peace of mind.

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