Help also available at MoneyHelper
IVA Calculator
Use our IVA calculator to estimate how much debt you could write off and what your monthly payment could look like.
- Write off up to 80% of your debt*
- Estimate your monthly payment
- Free eligibility check
Fees & considerations may apply. Checking your options won’t affect your credit score.
Estimate how much debt you could write off
You may qualify for an IVA if:
- You owe £7,000 or more in debt
- You owe money to two or more creditors
- You can afford a monthly repayment
If eligible, an IVA could help reduce your monthly payments, freeze interest and charges, and write off a portion of your debt.
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
Current monthly repayments
£137
Example IVA 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.
See if you could qualify for an IVA
Tell us about your debts
We’ll take the time to understand your circumstances — with no judgement or pressure.
We assess whether an IVA could be suitable
We’ll review your circumstances and explain whether an IVA could be suitable for you.
Move forward with confidence
If you decide to proceed, we’ll guide you every step of the way.
Complete the questions below to see if you could qualify.
How we helped Timothy
Honest, real no nonsense help
Excellent, honest open advice given by non-judgemental empathetic people. A real light at the end of the tunnel! Thank you so much for your help and support.
£120
Monthly payment
£25,198
Debt amount
72%
Debt written off
Timothy
How we helped Lisa
Fantastic service
Explained everything carefully and professionally. Has put my mind at rest with my money.
£90
Monthly payment
£7,044
Debt amount
24%
Debt written off
Lisa
How we helped Barry
Great service and understanding
Really understanding and caring, great help from lovely staff who made me feel at ease from start to finish and have helped relieve my stressful situation.
£150
Monthly payment
£16,912
Debt amount
47%
Debt written off
Barry
IVA FAQs
If approved, an IVA could help reduce your monthly repayments, freeze interest and charges, and stop further creditor action. You make one affordable monthly payment based on what you can realistically afford, and any remaining unsecured debt included in the IVA is written off when it is successfully completed.
An IVA is a legally binding agreement between you and your creditors to repay what you can realistically afford over a fixed period, usually five years. If successfully completed, any remaining unsecured debt included in the IVA is written off.
An IVA combines eligible unsecured debts into one affordable monthly payment. Unlike a debt consolidation loan, you do not borrow more money. If successfully completed, any remaining unsecured debt included in the IVA is written off.
Yes. An IVA will affect your credit rating and usually remains on your credit file for six years from the date it is approved. Checking whether you may qualify will not affect your credit score.
IVA fees only apply if you decide to proceed and your IVA is approved. They are paid as part of your agreed monthly payment, not in addition to it. Your payment is based on what you can realistically afford, and all fees will be clearly explained before you decide whether to go ahead.
Most IVAs last for five years. If you are a homeowner and cannot release equity, the IVA may be extended by up to 12 months. Once the IVA is successfully completed, remaining unsecured debt included in the IVA is written off.
No. You do not have to be employed, but you need a regular income or money available each month to make affordable repayments. This could include wages, self-employed income, pension income or certain benefits.
No. You can apply for an IVA whether you are a homeowner, tenant, living with family or living in another arrangement. Your circumstances will be reviewed before any recommendation is made.
If an IVA is not approved or is not suitable, other debt solutions may still be available. Your circumstances can be reviewed and, where appropriate, you may be referred for advice on alternative options.
An IVA is a formal debt solution and may not be suitable for everyone. It will affect your credit rating, be recorded on the public Insolvency Register, and you must keep to the agreed payments. If your IVA fails, you may still owe money to your creditors and could be at risk of further action.
You may be able to stop an IVA, but this can have serious consequences. Your IVA may fail, creditors may be able to take further action, and fees or costs may be deducted from payments already made. You should speak to your insolvency practitioner before making any decision.
We’ve helped thousands across the UK reduce their monthly repayments with an IVA.
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.
