What does an IVA cost?

Every IVA is different. The amount you put into your IVA every month will depend on your disposable income - how much you have left after taking your essential expenditure into account (your mortgage/rent, secured loans, utility bills, petrol, food, etc.).

In other words, your IVA payments will be designed to be affordable, so you can keep up with your IVA and stay on top of your other everyday living costs.

However, IVAs are designed to provide flexibility as well as financial stability. If your disposable income goes up (e.g. overtime payments, pay rises) or down (e.g. cost of living increases, pay cuts), your IVA payments may vary too, making sure your IVA remains fair to you and to your creditors.

What will the IVA Advisory Centre charge?

If you decide to go ahead, before your IVA even starts, everyone involved - you and your lenders - will know exactly how much they'll pay or receive during the course of the IVA.

Your monthly payments will cover our fee as well as payments to your unsecured lenders. Click here for more on our fees.

What does that fee cover?

An IVA is a complex solution which can only be administered by a licensed Insolvency Practitioner - a professional who has been authorised to carry out insolvency cases by a body such as The Law Society or The Institute of Chartered Accountants in England & Wales.

The fees we charge will cover the time and effort that our professionals put into drawing up the IVA proposal, dealing with lenders, collecting and distributing payments, ensuring all the terms of your IVA are met, arranging any release of equity or assets, and handling any issues that may arise.

Many things can change while an IVA is in progress. Bringing it to a successful conclusion takes a lot of dedication and expertise, and any Insolvency Practitioner will need to charge for this.

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Speak to our IVA team on freephone: 0800 970 5489

Alternatively to apply for a free call-back click here

Subject to eligibility and acceptance. Debt write off applies to unsecured debts and only on completion of an IVA, alternative solutions may be offered. Failing to complete an IVA once agreed could put you in a worse financial situation. Calls may be recorded and are usually free from UK landlines. Mobile phone users costs may vary and should check with their network provider.

Our debt advisers are helping 1000s of people each month.

For a confidential debt assessment, call:
0800 970 5489


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