Struggling with Debt?

Check your eligibility for an IVA

  • One lower affordable monthly payment
  • Freeze interest and charges
  • Stop lender calls and harassment
  • Advisor waiting to help today
  • Non-judgmental and no-obligation

Free and impartial money advice is available from the Money Helper, an organisation set up by the Government for people in debt.

If you do not maintain the total contractual repayments to your creditors, this will negatively impact your credit rating.

If you qualify for a debt solution, you must read the small print to understand the Pros and Cons of each available option. A debt advisor will outline if fees are applicable depending on your qualifying debt solution.


To learn more about managing debt and receiving free, impartial debt advice, visit Money Helper or read about options for paying off your debt

Here is an example of how an IVA may help

Debts Owed

Loan £12,356
Credit Card £9,765
Catalogue £987
Council Tax £1,256
Payday Loan £1,409

Repayments Before & After IVA

speaking to us*


debt solution*


*Subject to creditor acceptance
*Payment subject to individual circumstances
*Credit rating may be affected
*Fees apply, subject to individual’s circumstances

IVA Pros and Cons

To get a general idea of how an IVA works and what it might mean for you, it is helpful to read the Pros and Cons of being in an IVA. So you can decide if an IVA is the right option for you.

IVA Advantages

The benefits of an IVA can be pretty compelling, especially if you have problems with debt:

  • It’s affordable. Your monthly IVA repayments will depend on your specific income and outgoings, meaning it will be an amount you can afford each month.
  • You will be free of debt in a set time. In an agreed number of years, you will be debt-free and able to get on with your life.
  • Your creditors will stop calling. Once enough of your creditors agree to it, at least 75% in value of the creditors that vote must do so. An IVA is legally binding. They cannot take further legal action or contact you to demand payment.
  • You won’t have to sell your home. However, you could be expected to re-mortgage and free up some equity for your unsecured creditors. Our adviser can explain this in more detail.
  • It’s affordable. Your monthly IVA repayments will depend on your specific income and outgoings, meaning it will be an amount you can afford each month.
  • The contractual interest and charges on your unsecured debt will be frozen.
  • There is always someone on your side. You will receive support from the insolvency practice, meaning you always have someone to discuss concerns with.

IVA Considerations

If you’re considering an IVA, you must consider everything, including the small print.

  • Many proposed IVAs are accepted; however, your creditors must agree to an IVA. Therefore, we can’t guarantee it.
  • An IVA is a formal arrangement, so you do need to comply with the terms for it to work. The monthly payments will be affordable and sustainable but will likely mean living within a budget while the debt is repaid.
  • It will affect your credit score. IVAs remain on your credit file for six years from the date your creditor agrees to it or until your IVA is finished; if it lasts longer than six years, meaning that even if you complete it within five years, it will show up on your record for another 12 months.
  • During an IVA, you will find it difficult to obtain further credit.
  • Your IVA will be listed on the Individual Insolvency Service register.
  • You will pay fees to the IVA company, although they are often factored into your affordable monthly payments.
  • Not all debts can be included in an IVA; for example, child support, student loans, and magistrate court fines.
  • If you miss payments under the terms of your IVA, the IVA agreement could fail, leading to bankruptcy.

Where can you get more information on an IVA?

Apply Online to see if an IVA could be the right solution for you.

Start planning a future free of unsecured debt


Check if you qualify

Complete the form to see if you qualify for an IVA.



A friendly & non-judgemental advisor will call to discuss your circumstances.


You decide

They will explain all your options so that you can decide which solution works best for you!

Types Of Debts We Help With

2023 Central Bedfordshire Council Tax Arrears


Store Cards

Bankruptcy Vs IVA

Payday Loans

How long to repay a credit card

Credit Cards



Council Tax

Central Bedfordshire Council Tax Support


Utility Bills