IVA

Find out if you qualify for an IVA

Answer a few simple questions and we'll let you know if an IVA could be an option for you.

Please remember, this is just an information tool. We would always recommend you speak to a debt advisor for the most appropriate way to resolve your debt problems.

We'll give you an on-screen recommendation and call you. One of our advisors will be in touch to answer any questions you may have about your results.

Your privacy is important to us. All correspondence is held in the strictest confidence and we will only request information required to find your debt solution.

Expert IVA advice

Speak to an expert adviser now on 0800 195 2911. Call us now for confidential advice.

3 simple steps to getting an IVA

An IVA is a legally binding agreement that, once agreed, could reduce your monthly payments, stop creditors taking further action against you, and upon completion (normally after 5 years) write off the remaining unsecured debt included in your IVA. Getting started is as easy as 1-2-3!

Apply online or call us free on 0800 195 2911. We'll assess whether an IVA will be right for you. If not we'll help you find an alternative debt solution.

Help our experts to draw up your IVA Proposal – a formal offer that tells your creditors what you can afford to pay based on your circumstances.

Once approved, you can start your making tailored payments. Stick with the plan and you'll be free from your unsecured debt in (normally) 60 months!

When the IVA is successfully completed, your unsecured debts will be written off. (If you're a homeowner, you may have to free up some of the equity in your home during the course of your IVA.)

Get expert IVA advice on 0800 195 2911

Apply for a free call-back

How an IVA can help with your debts

An IVA (Individual Voluntary Arrangement) can be an excellent way to solve serious debt problems, leaving you with no further liability towards your unsecured debts in (normally) 60 months. It could lower your monthly repayments, stop demands from your creditors and freeze the interest and charges on your debt.

Once your IVA is agreed, you could:

Make one agreed monthly payment tailored to your circumstances
Potentially freeze interest rates and charges
Have a dedicated point of contact for expert help & guidance
Get protection from losing your home if you're a homeowner
Have a date when you know you'll have repaid your debts – usually after five years

IVA FAQs

Read more IVA FAQs »

IVA case study

"I had debts of £28,000 costing me £621 every month. Now all I pay is £236 per month for 60 months"

How do I get an IVA?

Because an IVA is a legally binding agreement, it can only be administrated by an Insolvency Practitioner. They will only recommend you for an IVA solution if it is right for your financial circumstances.

Your suitability for an IVA will be assessed and the Insolvency Practitioner will draw up a 'plan' based on what you owe and what you can reasonably afford to repay each month, which is then submitted to your creditors.

Your creditors will then vote on whether or not to accept your IVA and, if the majority (creditors holding 75% of the debt value or more) agree, your IVA will go ahead.

Why choose a Think Money IVA?

With over fifteen years' experience in providing IVA solutions our excellent working relationships with creditors, combined with our knowledge of approval criteria means that we will only recommend an IVA if we believe it will be accepted.

Call the IVA experts for advice today

Think Money has helped hundreds of thousands of people with expert debt advice on a wide range of financial solutions including IVAs.

When you call, an IVA expert will discuss your financial situation, in confidence and without any obligation or pressure, so that they can assess your suitability for an IVA.

Advice you can count on

As everybody's circumstances are different, Think Money offers a wide range of financial products, designed to tackle different debt requirements. You can rest assured that when you call, we will discuss your circumstances and provide professional, no-obligation advice on what's best for your situation. We'll only recommend an IVA if we believe it is the best solution for you.

Get expert IVA adviceIf you would like more information, talk to our team today.

Speak to an expert debt adviser on:0800 195 2911

Apply for help online

Top of page

Subject to eligibility and acceptance. Fees Payable. Debt write off applies only to unsecured debts and on completion of an IVA, alternative solutions may be offered. If your IVA fails, it could lead to Bankruptcy. Your ability to obtain credit will be affected for 6 years. Homeowners may be required to release the equity in their property. Calls may be recorded. Calls from UK landlines are usually free, but you should check with your network provider for full details of your service.