IVA AND DEBT MANAGEMENT
An IVA is short for an Individual Voluntary Arrangement, and was introduced by the government. It is a legally binding agreement between you and your creditors that helps you manage your debts to your creditors and helps you become debt free. It is a solution that gives you the chance to avoid bankruptcy whilst freezing interest payments and enabling one manageable monthly payment. You will also no longer have to deal directly with your creditors and cease any legal action.
Generally, an IVA lasts for five years. During this time you will be making a monthly payment agreed in your proposal. As long as you adhere to the terms of your IVA and complete it successfully, a portion of your remaining debt will be written off at the end of five years. In general IVAs and Trust Deeds are awarded to Individuals that have over £15,000 of debt and two or more creditors. If you are already subject to a Bankruptcy Order you may still apply. If the arrangement is approved, your Bankruptcy is annulled.
IVA NAME  | TERMS & CONDITIONS | ID REQUIRED | MINIMUM DEBT | DISPOSABLE INCOME MONTHLY | APPLY |
Debt Advisory Line | At least 4 separate creditors. A minimum debt level of £15,000. A minimum monthly contribution of £200, depending on debt level. Be in full time employment. | 3 months recent wages slips and statements from all creditors. | £15,000.00 | £200.00 |  |
| An immediate online decision is made on the best solution to fit your individual circumstances. Debt Advisory provide a personal account manager and aim to get you debt free in the shortest time possible and get you protection from your creditors. FULL INFORMATION >> | |||||
The Debt Line | £15,000 of debt and two or more creditors. If you are already subject to a Bankruptcy Order you may still apply. If the arrangement is approved, your Bankruptcy is annulled. | See application for details. | £15,000.00 | £100.00 | |
| Debt Line IVA plans could be an ideal way to turn your loans, credit cards, store cards and overdrafts into one affordable, single monthly payment so that you can pay off your debts and get on with your life. FULL INFORMATION >> | |||||
New Tomorrow Standard | A minimum of £15,000 in unsecured debt. A minimum of 3 individual creditors. Employed or self-employed with accounts. | See application for details. | £15,000.00 | £200.00 | |
| Applicants from England and Wales can apply for IVA, and applicants from Scotland can apply for a PTD (Protective Trust Deed) which is similar in nature to an IVA. FULL INFORMATION >> | |||||
Cut Your Debt | Need to have at least £10,000 worth of debt. | See Website for free Enquiry | £10,000.00 | £100.00 | |
| No credit checks - offers IVAs and other debt solutions. With IVA need at least £10,000 of total debts. FULL INFORMATION >> | |||||