IVA Helpline

"IVA Helpline" is a popular search term because of the increasing popularity if the IVA and the need to find a trust source of good advice. 

You may already know that IVA is short for Individual Voluntary Arrangement, and since its introduction in 1986 has become one of the most widely used debt solutions in the UK.

As it has grown in popularity, so have the number of companies offering IVA helpines, and with all types of businesses, there are some companies that are better than others.

We have compared most the UK's leading IVA companies, read reviews and been to see many in action. We have combined this with our insider knowledge to create a service that only recommends the very best IVA helpline via charity advisors that help ensure an IVA really is the best solution for you.


Summary

What is an IVA

  • Introduced by the Government in 1986 as a way of helping individuals not become bankrupt
  • You need to owe more than £15,000 and you or your partner be employed
  • 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 will be required to release any equity you have any
  • It's a popular debt solution with nearly 40,000 IVA's started in 2008, that's one every 13 minutes
  • We only recommend organisations that have a track record of getting IVA's accepted by creditors and don't charge fees


Comparison Table Of Debt Solutions

  Solutions Debts Written Off Legally Binding Interests & Charges Residential Status  
 
Average 58%*
Yes
Stopped
Tenant or Homeowner (Eng/Wales)
  
 
Not Normally
No
Many Freeze
Tenant or Homeowner
  
 
Consolidated
Yes
New Rates & Charges
Tenant or Homeowner
  
 
Bankruptcy is a severe last resort if you are in serious debt and no other debt solution can save you from going bankrupt. Bankruptcy may protect you from your creditors and allows you to start fresh, but you need to think carefully about all the implications involved.
  
 
*58% was the average debt write off with an IVA, April - June 2008, CCCS
  
     

 

Popular IVA Searches