IVA's (Individual Voluntary Arrangements)

Government legislation now means that in certain circumstances you can qualify for an IVA. Generally speaking if your total debt is over £12,000 and you owe 3 or more creditors you are likely to qualify.

This allows you to reduce your debt level, freeze interest on any debts and restructure your repayments so that they are greatly reduced.

Is an IVA right for me?

This will depend upon your individual circumstances, how much you can afford to repay, your debt level and number of creditors. Fill out our enquiry form to the right to see if you qualify.

If you do not qualify for an IVA or you decide this option is not for you then we have a range of other debt solutions to help you including debt consolidation loans and debt management programmes.

IVA FAQs

• If I cannot afford to pay off my debt, will part of it be written off? - usually yes, there will be a part (often a large part) of your debt written off.

• Will my creditors stop contacting me? - yes, they will have to agree to the negotiated IVA and will therefore be aware of the circumstances. Providing you make the monthly repayments as agreed you will not be contacted further.

• Will I be able to keep my home? - yes, your home is not at risk with an IVA providing you make your repayments.

• Will there be a fixed time scale in which the solution runs? - yes, if you make all of your monthly repayments over the course of the IVA you will become debt free.

• Will it avoid my financial situation being disclosed in public? - yes, negotiations for the IVA are in private and not for public consumption. At Debts2Go we treat all of our customers data with the utmost confidentiality.

For free IVA advice complete our enquiry form (right) or give us a call.