You could reduce your debt by up to 85% just take a quick quiz to see how much you could write off.
Reduce up to 85%
of all debts
No upfront charges
Pay an affordable
amount each month
Freeze interest rates
An IVA is also known as an Individual Voluntary Arrangement. IVAs were first introduced in 1986 by the UK government to help people struggling with debt problems. They are designed to make repayments more manageable and affordable. These schemes must be set up by a registered Insolvency Practitioner (IP) who will split your payments between your creditors. These are legally binding agreements in which you pay back all or part of your debts.
The arrangement is put together to prevent any additional interest and charges being added your existing debt (creditors can't change their mind!) These will normally last 60 months, and during this period you will be expected to make one affordable payment each month towards your debt. At the end of 5 years* and any debt that remains will be legally written off.