IVA Costs and Fees
There are no fees to check if an IVA could help.
All options will be clearly explained. If an IVA is right for your situation, fees may apply, read here. Checking your options will not affect your credit score.
IVA costs
How IVA fees work
All IVA providers charge fixed fees to set up and manage an IVA, this is a standard part of the process.
IVA payments are based on what you can realistically afford and fees are included within your monthly payments.
That means:
- No upfront charges to check your options
- No hidden costs if you do not proceed with an IVA
- No separate admin bills later
Your monthly payment is based on what you can realistically afford, and covers both your repayment and the administration of your IVA.
If your IVA is not approved, you won’t pay us anything.
Use our IVA calculator to estimate your monthly payments and potential debt write-off.
Trusted IVA support from a highly rated team
We understand that speaking about debt can feel overwhelming.
That’s why we focus on giving clear, supportive help from the start, without pressure or false promises.
Why customers choose Money Advice:
- Rated 5 stars across Google, Feefo and Trustpilot
- Thousands of customers helped across the UK
- Over 95% of IVAs accepted once proposed to creditors
- No upfront fees or wasted time if unsuitable
- Friendly support from a team that treats you with understanding
IVA Fees Explained
An IVA could help you reduce what you repay
An IVA allows you to make one affordable monthly payment based on what you can realistically afford.
Once your IVA is successfully completed, any remaining qualifying unsecured debt included in the arrangement is legally written off.
A debt write-off amount of around 80% is realistic based on average client outcomes between April 2024 and April 2025. Individual results vary depending on your circumstances and creditor approval.
You don’t need to struggle with debt alone
Taking the first step can feel difficult, but speaking to us is completely confidential and could help you understand what realistic solutions are available.
We’ll explain everything clearly, answer your questions, and only recommend an IVA if it genuinely suits your situation.
You may qualify for an IVA if:
- You owe £7,000 or more in debt
- You owe money to two or more creditors
- You have money available each month for repayments
If eligible, everything will be clearly explained so you can decide what could suit your circumstances.
Free, confidential and with no obligation. Checking your options will not affect your credit score.
- DEBT FORGIVENESS
Creditors must legally write off any remaining balance when you complete your IVA. - AFFORDABLE PAYMENTS
Your repayments are based on what you can realistically afford each month. - LEGAL PROTECTION
An IVA stops creditors from chasing you, including bailiffs and legal action. - INTEREST & CHARGES FROZEN
No more rising debt from added fees.
A typical example of an IVA*
| Loan(s) | £5,000 |
| Overdraft | £3,000 |
| Credit Card(s) | £13,500 |
| Store Card(s) | £4,500 |
| Utility Bill(s) | £1,500 |
| Total Owed | £27,500 |
Your monthly debt repayments:
£717
Previous Payment
MONTHLY SAVING £580
£137
New Repayment
DEBT REDUCED BY 78%
*A debt write-off amount of 80% is realistic based on the average figures of IVA clients between April 2024 to April 2025. We assess each customer individually based on their circumstances and payments to the IVA are based on what is realistic and affordable.
Use our free IVA Calculator to estimate your new monthly payment.
FAQs
IVA fees are paid from your agreed monthly payments after your IVA is approved by your creditors. You do not pay fees upfront.
You only begin making payments if your IVA is approved by your creditors.
Yes. IVA providers charge fees for setting up and managing an IVA. These fees are included within your agreed monthly payments and will be clearly explained before you proceed.
IVA fees are explained within your IVA proposal before anything is agreed. The fees are included within your monthly payments and must be approved by your creditors.
If your IVA fails, your debts may no longer be protected and you could still owe money to your creditors. Any fees already incurred may be deducted from the payments you have made into the IVA.
Complete the questions below and see if you qualify for help.
Thousands across the UK have explored whether an IVA could help.
Rated 4.9/5 on Trustpilot from over 2,200 reviews, and 5/5 on Feefo from over 3,600 reviews.
Is an IVA right for you?
Answer a few questions to find out whether an IVA could suit your circumstances.
Prefer to arrange a call?
Speak to us about your options at a time that works best for you.
To find out more about managing your money and getting free advice, visit Money Helper, an independent service set up to help people manage their money.