IVA - INDIVIDUAL VOLUNTARY ARRANGEMENT Download to Excel 
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  | DEBT OPTIONS | TERMS & CONDITIONS | ID REQUIRED | MIN DEBTS IVA | MIN MONTHLY INCOME IVA | APPLY |
Live Your Life Debt Free | Debt Management Plans
IVA
Consolidation Loan | Fill in online application and your eligibility and options will be offered to you. | 3 months recent wages slips and statements from all creditors | £15,000.00 | N/A |  |
| Live Your Life Debt Free put people who are having debt difficulties in contact with leading experts in debt advice. They specialise in IVA which freezes your interest and normally results in you being debt free in 5 years. Please Note: no minimum debt or minimum monthly payment are stated, as live your life debt free consider all information before giving you your options. MORE INFORMATION >> | ||||||
Clear Debt | IVA
Debt Management Plans | At least 2 creditors are required to apply. | ID may be required | £10,000.00 | N/A | |
| If you are confident that you can maintain your regular monthly payments then an IVA could be the solution for you. Clear Debt try to help you be debt free in 5 years or less. You can take the two-minute Clear Debt Analyser test to get a personalised initial assessment of whether a Clear Debt IVA is right for you online. MORE INFORMATION >> | ||||||
ClearDebt123 | Debt management
IVA | At least 2 creditors are required to apply. | ID may be required. Apply for more information. | £5,000.00 | £50.00 | |
| Cleardebt123 is a UK based IVA specialist who offer Free, Personalised, Expert Advice. They claim to be able to help you write off up to 70% of your debts – the online application process is easy and quick. MORE INFORMATION >> | ||||||
Trapped.co.uk | Debt management
IVA | Must fill out an application to get a free calculation | Amounts owed, name, address, partner details, age, marital status, credit details | £1,500.00 | N/A | |
| Trapped.co.uk offers an advisory service to help you get your debt under control. An advisor will call you to discuss your options in detail and answer any specific questions you have about debt solution. Simply fill in your details online and speak to an advisor. MORE INFORMATION >> | ||||||
Debts.tv | Debt Management Plans
IVA
Debt Consolidation Loan | A minimum of 2 unsecured creditors | See Website for free Enquiry | £15,000.00 | N/A | |
| Debts.tv strive to give you a solution to your debt problems. Simply enter your information online and they will contact you to discuss your requirements and advise if an IVA is the best solution for you. MORE INFORMATION >> | ||||||
Debt Fixers | Debt Management Plans
IVA | Dependant on product - apply online | Apply online for more information | £0.00 | £50.00 | |
| DebtFixers have a team of dedicated staff offering a professional approach to resolving your debt problems. Their advisors work on your behalf and liaise with your creditors to help you make a fresh start. Enter the quick online form and an advisor will advise of the best course of action. MORE INFORMATION >> | ||||||
Solve My Debt | Debt Management Plans
IVA | Wage slips and creditor letters may be required. Enquire for more details. | Wage slips and creditor letters may be required. Enquire for more details. | £15,000.00 | N/A | |
| Solve My Debt can arrange IVAs and offer free IVA advice, IVA help and IVA information. Solve My Debt offers free no obligation debt advice, both homeowners and tenants welcome. MORE INFORMATION >> | ||||||
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