Write off upto
80% of your debt

With a bespoke IVA payment plan

What is an IVA

It can be a confusing world when it comes to choosing a solution to end your debt problems, with so many products and so many different names. Here we are going to explain what an IVA (Individual Voluntary Arrangement) is, how it might benefit you and why you might consider it as the right option.

An Individual Voluntary Arrangement is a legally binding agreement that lasts approximately 5 years between yourself and your lenders. It is a formal agreement, which differs from a debt management plan (which is a less formal agreement with your potential creditors).

It offers a more managed alternative to bankruptcy in a great many cases although there are some distinctions when it comes to whether bankruptcy is the only course available to you.

Typically with an IVA, between 50-60% of debt is written off - but in some cases it can go as high as 80%. As you may imagine that is often dependent on a lot of different circumstances and that’s where the advice of a GW professional can be so invaluable. But whatever level of debt is written off ultimately you end up with one, convenient and reduced monthly payment in comparison to multiple, higher payments.

And crucially, at the end of the IVA, you will be debt free.

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5 reasons why and IVA could be the right option for you...

  1. A significant portion of your debt is written off in a formal agreement that gives you clarity and peace of mind.
  2. It does not impact home ownership which can be a hugely important issue for many people.
  3. All interest and charges are frozen with immediate effect.
  4. Creditors will stop harassing you.
  5. An IVA enables you to get your finances back in control.
Five Reasons

How does it work?

It couldn't be simpler really. In the first instance all you need to do is fill in basic details on this form. We will then call you and establish if you qualify for an IVA whilst you are on the phone. We will then contact your creditors and arrange the IVA on your behalf.

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Apply for support

Complete some basic details via our form and our experts will be in touch

Debt Experts

Our experts will call you

We will establish if you qualify for an IVA over the phone

Legwork

We do the leg work

We'll contact your creditors and arrange the IVA on your behalf

The results

Our experts will consolidate your debts into one lower monthly payment. We may also be able to reduce your charges and freeze the interest on your debts

Debt head

Johnathan Dhoe
Example IVA Breakdown

Personal Loan £6,400
Credit Card £3,200
Credit Card £3,450
Overdraft £5,350
Mortgage £6,300
Store Cards £900
Total unsecured debt £25,600

Before an IVA

£640

Per month

With an IVA

£192

Per month

70%

Reduction

Take your first step

toward a debt-free future