Mon to Thurs 8am-9pm, Fri 8am-7pm and Sat 9am-5pm
Is an IVA right for you?
The IVA Advisory Centre offer advice about IVAs and other solutions for people with all kinds of financial problems.
Our team of specialists are here to help answer any questions about IVAs. You can call our helpline on 0800 970 5489 for help right away.
Find out if you qualify for an IVA
Compare the debt solutions available to you by completing our quick and easy debt test.
Let's say the unsecured debts
to your creditors looked like this:
| Personal loan A: | £9,000 |
| Personal loan B: | £5,000 |
| Credit Card: | £21,000 |
| Total debt owed: | £35,000 |
| Total debt repaid: | £14,000 |
| Monthly payments: | £236 |
IVA repayment is based on affordability and varies from case to case.
- Key Information
Your questions answered
Need debt advice?
If you want immediate advice, talk to someone who knows all about IVAs -
and all about debt.
Need help now? Have our experts call you back click here.
IVA FAQs
What exactly is an IVA?
How much would an IVA cost?
Who is involved in an IVA?
How does the process work?
Repay your debts
With an IVA you can repay your debts, get protection from creditors and help you keep the home you are living in. Find out more >
Key information:
What fees are involved?
Once you've discussed your situation with one of our advisers, they may recommend that you enter a specific debt solution. Should you do so, fees will be charged. As one of the UK's longest-established debt solution providers, we are committed to providing an excellent service - and charging competitive fees. Click here for more on our fees.
Will my credit rating be affected?
Entering an IVA will affect your ability to obtain credit for 6 years.
What if I change my mind?
You are not under any obligation to enter a debt solution. Should you decide to do so - and subsequently change your mind - you will have the right to cancel the agreement at any point during the first 14 days.
Download our Insolvency Service guide to dealing with creditors click here.
Who are IVA Advisory Centre?
IVA Advisory Centre are part of the Think Money Group, one of the largest and longest-established debt specialists in the UK. We’ve been recognised many times as a first-rate provider of financial services and debt advice. To find out more click here.
Speak to our IVA team on 0800 970 5489.
Alternatively, have an IVA adviser call you back click here.
Subject to eligibility and conditions. Repaying debt over a longer period may increase the total amount to be repaid but alternative solutions may be offered. Debt write-off applies to unsecured debts only on completion of an Individual Voluntary Arrangement. Fees are payable and homeowners may be required to remortgage during the term. Calls may be recorded.
Latest news
Insolvencies ahead in Ireland
Over 38,000 companies in the Republic of Ireland are at risk of insolvency, insolvencynews.com reports, referring to research by Vision-net.ie.
Business information agency Vision-net.ie determines which businesses are at risk by looking at `key criteria` such as falling / negative cash flow, over-reliance on debt, reduced sales / profits... Read more
Britons `taking on debt to fund home improvements`
One in five personal loans taken out in the first half of the year were used for home improvements, according to research by Sainsbury`s Finance.
The company said this was indicative of more homeowners choosing to invest in their property, rather than borrow money simply for making large... Read more
Banks `writing off unprecedented levels of debt`
Banks are being forced to write off record levels of debt because borrowers simply can`t afford to repay the money they owe, according to figures from the Bank of England.
In the second quarter of this year, banks and building societies wrote off £3.5bn of personal debts -... Read more