Write Off Up To 85% Of Your Unaffordable Debt With An IVA
- Stop Creditor Calls
- Freeze Interest and Charges
- Free, No Obligation Consultation
- Discover The Right Solution For You
May not be suitable in all circumstances. Fees may apply, read here. Entering into an IVA may affect your credit rating.
What Is An IVA?
An Individual Voluntary Arrangement (IVA) is a debt solution where you agree with your creditors to pay all or part of your debts. This agreement is set up and managed by an Insolvency Practitioner (IP), who will receive an agreed, affordable monthly IVA repayment from you and will divide it amongst your creditors.
Once your IVA has been agreed and set up, your creditors can no longer act against you and won’t be able to contact you, but it will affect your credit rating for six years, making it difficult to get further credit during this period. Your details will also be placed on The Register of Insolvencies, which is a public record, while you clear your debts.
For the duration of your IVA, all fees and interest relating to your debt is frozen and once completed, the remainder of your debt is written off, allowing you to begin again, debt free.
This agreement is available to residents of England, Wales and Northern Ireland. If you live in Scotland, then you could pursue an agreement called a Trust Deed to help you with your debt.
Who Qualifies For An IVA?
- You Have Over £7,000 of Debt to Repay
- You Owe to More Than One Creditor
- You Live in England, Wales or Northern Ireland
- You Have a Regular Income
If you fit the above criteria, then there is a high likelihood that you will qualify for an IVA. If your individual circumstances are different, for example, you live in Scotland or your debt is slightly lower than £7,000 then enquire with us anyway; we could still help.
Credit Cards
Unsecured Loans
Store Cards
Overdrafts
Personal Loans
Utility Bills
Business Debts
Catalogues
Debt Collectors
Bailiffs
Whether it is an IVA, a Debt Relief Order or a Debt Management Plan, only unsecured debt can be included in a debt solution.
Here are some examples of some typical unsecured debts that you may have.
How Could An IVA Help You?
Remember, if you are struggling with debt, you are not alone. Contact us at Money Worries to take the first step towards a debt free life.
This is a real life example of how we have helped one of our customers. Click on our link below to see how we could help you.
Friendly & Understanding
Our friendly, understanding and expertly trained advisors are ready to assist you, offering impartial and practical guidance in a completely non-judgmental setting. We recognise that anyone can encounter financial challenges, which is why we prioritise treating our customers with empathy and understanding.
Proven Track Record
With over 20 years of experience, we have helped literally thousands of people solve their money worries. Once you have enquired, one of our team members will be in touch, learning about your specific circumstances and pointing you in the direction of the help you need; whether that is with us, or one of our trusted partners.
Ongoing Support
If you choose to become one of our clients then, should you need us, we are here to help. We understand that life can be tough and we can all be faced with the unexpected from time to time, so should your circumstances change during your IVA term, get in touch and get the support you need.
What Our Clients Says About Us