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Become debt free with an IVA

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Do you qualify for an IVA?

We'll find the right solution for you. No commitment and no upfront fees.

£25000

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All major creditors

We work closely with all major creditors.

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Individual Voluntary Arrangement (IVA)

An Individual Voluntary Arrangement (IVA) is an agreement between you and your creditors.

Helping you to get your finances under control, and your life back on track, with an IVA, your unsecured debt is restructured into one manageable, monthly payment.

Based on what you can afford – not what you owe - an IVA is typically paid over five years. In return for committing to an IVA, creditors may even agree to write off up to 83% of your debt*.

An attractive alternative to sequestration and bankruptcy, an IVA could be the best option for you if you have:

  • Debts totalling £5,000 or more
  • Two or more different creditors
  • The ability to repay at least £100 per month after essential bills

Contact us today to see if you qualify for an IVA.

How does an IVA work?

In 95% of cases, as well as seeing your repayments reduced to an affordable level, interest and charges are also frozen. And, because an IVA is legally binding, creditors can no longer chase you for money (as long as you keep up your monthly payments).

Because we manage the IVA for you, you won’t have to deal with your creditors directly. Instead, we'll liaise with them on your behalf. We’ll even carry out all the paperwork.

If your financial situation changes for the better, and you are able to repay 100% of your unsecured debts, you will have to settle the amount in full.

We have successfully removed the burden of debt from over 30,000 happy customers. With a wealth of insolvency knowledge and experience to help you through these difficult times, contact us today to see if you qualify for an IVA.

Types of Debt

An IVA usually includes unsecured debts such as:

  • Credit cards
  • Personal loans
  • Bank/building society loans and overdrafts
  • Council tax arrears
  • Store cards and home shopping catalogues
  • Charge cards
  • Payday loans
  • Tax debts
  • Utility bills

Contact us today to see if you qualify for an IVA.

Advantages of an IVA

An IVA helps you sort your finances in a structured way. You only repay what you can afford, and the harassment from creditors stops.

The benefits of an IVA include:

  • One small monthly repayment
  • No more interest payments and charges
  • No more hassle from creditors
  • We deal with your creditors, so you don't have to
  • You can avoid bankruptcy (which has more restrictions than an IVA)
  • Know when you will be debt free (usually within 5 years)
  • Write off up to 83% of your debt*
  • You keep your home (although you may need to release equity to repay your debts).

Dedicated Insolvency Practitioner

An IVA must be agreed and set up by a qualified Insolvency Practitioner (IP) on your behalf. An IP is a licensed professional, appointed by you to manage your debts.

Once you give us the go-ahead, we take care of the whole process for you.

  • We agree a payment schedule between you and your creditors (you could write off up to 83%* of your debts)
  • We liaise with your creditors so you don’t have to
  • We make sure all the paperwork is sorted and correct
  • Write off up to 83%* of your debts

    Over 10 years experience in helping people become debt free.

  • Freeze interest & charges

    Give yourself breathing space with protection from creditor action.

  • Stop harassment from creditors

    We deal with your lenders on your behalf which means no more bullying from creditors.

  • One low monthly payment

    Consolidate your debts into one affordable payment.

How does it work?

1

Fill in the simple form

2

We will call you and you can speak confidentially to a debt adviser

3

We work out a solution that suits your needs

An easy debt plan

Patricia had debts totalling £27,450. She was paying £550 a month. We arranged an IVA and she paid £110 a month for 60 months. She paid back a total of £6,600 with £20,850 of her debt being written off.

Before

  Loan

  Credit Card

  Overdraft

  Payday Loans

£22,000

£2,150

£1,175

£2,125

Monthly Repayment

£550

After

  Interest frozen

  One monthly payment

  No harrassment from creditors

  £20,850 debt written off

Low Monthly Repayment

£110

Make affordable monthly payments with an IVA

Don’t suffer sleepless nights worrying about debt. Over 35,000 people in the UK benefit from an IVA each year. Let us help you get debt free today.

Our customers love us  

Become one of our 30,000+ happy customers today.

Why Choose Us?

  • Write off up to 83%* of your debts

    Over 10 years experience in helping people become debt free.

  • Freeze interest & charges

    Give yourself breathing space with protection from creditor action.

  • Stop harassment from creditors

    We deal with your lenders on your behalf which means no more bullying from creditors.

  • One low monthly payment

    An IVA consolidates your debts into one affordable payment.

Do you qualify for an IVA?

£25000

Safe, Secure & Confidential

30,000+ happy customers

“Helpful and understanding at every point of contact. I was nervous at first, but I was quickly put at ease and everything was explained clearly. I am now paying off my debts at a rate that I can afford — it gave me the breathing space I needed.”

Debt customer testimonial

Kevin, Edinburgh

Get in touch today

ADDITIONAL INFORMATION

* In some cases up to 83% of the debt can be written off. The amount written off will depend on your circumstances, income, assets and the current write-off policy of your creditors. Levels between 25% and 80% are realistic, based on your ability to repay.

** If eligible, you may need to release equity on your property to put towards your IVA. Likewise, the rights to your assets are transferred to the IVA Supervisor, including your property. Details of your IVA will appear on a public register, and your credit rating will be adversely affected. If you fail to keep up your payments your creditor can chase for any outstanding debt, re-apply interest & charges, and could even petition for your bankruptcy.

All debt solutions should be very carefully considered. easyDebtPlan never charge for the service we provide, but if you enter into an Individual Voluntary Arrangement (IVA) or Debt Management Plan with one of our partner Companies, then fees will apply and these are made clear by the advisers and also in the documentation you receive. Debt write-off only applies on completion of the Insolvency Solution and details do appear on a public register. Full details will be discussed before entering into an agreement, and alternative options may be offered, where considered to be in your best interest. Your ability to obtain credit will be affected for 6 years, even if the solution lasts for less. Your assets and property could be at risk.

Money Advice Service: The Money Advice Service is an impartial service set up by the Government. They provide free debt counselling, debt adjustment and credit information services.

By submitting your details via our form, you agree that the information provided is true and accurate and that easyDebtPlan may send the details of this enquiry to an appropriate partner for the purpose of furthering your enquiry and that the partner may contact you for further information. We will not send, sell, loan or lease your data to any other third party except those needed to provide the service you have requested.

easyDebtPlan is a trading style of Ocelor Limited. Company Number 557377.