A woman in her forties signing a document at a table in an advice centre, unhurried and composed, while an adviser sitting opposite points to the place on the page.

Write off the debt you can’t afford with an IVA

A legally binding agreement that freezes interest, stops creditor contact, and gives you one affordable monthly payment for a fixed term.

Check if you qualify See all solutions

Lower monthly payments: Up to 75%¹
Typical term: ~60 months
Per month: 1 payment
No upfront cost to you: £0 upfront

Why people choose an IVA

Reduce your payments by up to 75%

Your monthly payment is based on what you can realistically afford — often far less than you pay now, though the exact reduction depends on your individual circumstances. Any unsecured debt still remaining at the end of the arrangement is written off.

One monthly payment

All your debts combined into a single, affordable payment. No more juggling multiple creditors and due dates.

Legal protection

Once approved, creditors are legally bound. They must stop all contact, enforcement action, and recovery proceedings.

Interest and charges frozen

From day one, no new interest, penalty fees, or default charges can be added to your qualifying debts.

A clear, time-limited plan

A clear end date from the start. Most IVAs run for around 60 months of affordable payments — if you own your home the term may run a little longer instead of releasing equity. When it completes, the debt it covers is settled.

No-obligation advice

No pressure and no obligation. We assess your situation, explain your options, and only go ahead if an IVA is right for you.

Your route out of debt

Day 1
No-obligation assessment
A qualified adviser at an authorised partner reviews your income, outgoings and debts. They explain whether an IVA is right for you — with no pressure and no obligation.
Week 1
Adviser consultation
Your Insolvency Practitioner prepares a formal IVA proposal outlining what you can realistically afford to repay each month, then presents it to your creditors.
Month 1
IVA begins
Once creditors holding 75% or more of your debt vote in favour, the IVA is legally binding on all of them. You start making one affordable monthly payment.
Month 60
Debt cleared
After completing your agreed term, any remaining unsecured debt included in the arrangement is written off entirely. You get a genuine fresh start.

Is this right for you?

You’re likely a fit if…

You owe £6,000 or more in unsecured debt
You are struggling to keep up with monthly payments
You owe money to two or more creditors
You are a UK resident
You have a regular source of income

It may not be right if…

Your debt is mostly secured (mortgage, car finance)
You owe less than £6,000 in total
You are comfortably meeting all your payments
You are not a UK resident
You are already in an insolvency procedure

Check in 2 minutes

Questions, answered honestly

How long does an IVA last?
A standard IVA typically lasts 60 months (5 years). In some cases it can be shorter if you are able to offer a lump sum settlement to your creditors instead of monthly payments. Your Insolvency Practitioner will advise you on the best approach based on your circumstances.
Can my IVA be rejected?
Creditors holding 75% or more of your total debt by value must vote in favour for the IVA to be approved. If not enough creditors agree, the proposal may be modified and resubmitted. Your Insolvency Practitioner handles all negotiation with creditors on your behalf to give you the best chance of approval.
What happens to my home?
Your home is not at risk during an IVA — unlike bankruptcy, you will not be asked to sell it. However, in the final year of your arrangement you may be asked to release equity from your property if it is possible to remortgage. If remortgaging is not available, your IVA may be extended by 12 months instead.
Can I keep my car?
Generally yes, especially if your car is essential for getting to work or carrying out your job. Your partner adviser will discuss your specific situation and ensure that any vehicle you need is treated fairly within the terms of your arrangement.
What debts can’t be included?
Certain debts cannot be included in an IVA. These include mortgages, car finance (hire purchase), student loans, court fines, and child maintenance arrears. However, most forms of unsecured debt — including credit cards, personal loans, overdrafts, and catalogue debt — can be included.

Struggling with debt? See your options in 2 minutes.

Confidential and non-judgmental. Start by telling us roughly how much you owe.

Under £6,000 £6,000 – £30,000 £30,000 or more

No obligation · Won’t affect your credit score