IVA Fees

"IVA Fees" is a popular search term because of the debt write off available if an IVA is the best debt solution for you, and the need to know how much you're going to pay in fees for an IVA.

There has always been a lot of confusion over how much an IVA costs. The reality is this:

  • If an IVA is accepted you are likely to write off between 50% - 60% of your debt
  • You'll pay back the rest over 60 months with the monthly repayment going to the IVA company
  • The IVA will then pass on your monthly repayment less their fee for managing the IVA to your creditors
  • This is why an IVA is often called free, as the IVA fees are not being paid by you directly, but are being deducted from your new manageable monthly repayment
  • This means that your creditors don't see all of the money you repay, but are still happy with the arrangement

To help you find a good IVA company we offer a free to use service that is accessed via our charity debt advisors.

Applying for an IVA

To get immediate help now, use our IVA advice service which is accessed via our charity debt advisors. They will tell you whether it's the best solution for you and help you organise it if you want them to.


What is an IVA

  • Introduced by the Government in 1986 as an alternative to bankruptcy
  • Typically, you need to owe more than £15,000 and have something to offer to your creditors each month
  • Typically you can write-off 50% - 60% of your debt and pay the balance over 5 years (60 months)
  • Interest and charges stop and creditors can't change their mind
  • Your home is protected but you may be required to release any equity you have
  • Someone enters an IVA in England and Wales every 13 minutes
  • We only recommend organisations that have a track record of getting IVA's accepted by creditors and don't charge upfront fees

Comparison Table Of Debt Solutions

Debts Written Off
Legally Binding
Interests & Charges
Residential Status
Yes - Average 58%
Tenant or Homeowner (Eng/Wales)
Yes on average around 20% of the payments you make to creditors
Typically you must have debts over £15,000 and be able to offer yourcreditors about 20% of the value of the debt back over 5 years.
Debt Management
Many Freeze
Tenant or Homeowner
In a Debt Management Plan, you will be required to repay all of your debt in full.
New Rates & Charges
Tenant or Homeowner
Consolidating your debts generally means you'll pay more back over a longer period of time.
Tenant or Homeowner (Eng/Wales)
Yes - up to £700 depending on your circumstances. You may also be subject to a 3 year Income Payments
You need to think carefully about all the affect bankruptcy will have on your home and your employment.
Debt Relief Order
Yes - £90
You must have debts under £15,000 and have little in the way of assets

Popular IVA Searches