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Individual Voluntary Arrangment
A Direct Debt Solutions IVA can provide a PERMANENT SOLUTION that can stop all interest charges*. You will receive a confidential assessment of the options available to you, from professionals who understand your situation. Contact us today for confidential assistance on debt solutions.
Under Goverment Legislation - IVA's (Individual Voluntary Arrangements) were introduced in 1986, to enable individuals who could not afford to repay their debts to instead repay a reduced amount for 60 months with all unsecured outstanding debt being written off by the creditors upon completion of the IVA.
An IVA is an agreement with your creditors to make a single reduced payment each month*. Once agreed, creditors are not allowed to add interest or charges to your accounts by law. The agreement is fixed; meaning that creditors cannot randomly demand changes to it. Get your Direct No obligation assessment by completing the enquiry form.
Once Approved The specifics of an IVA include:
 | Single monthly affordable payment. |
| Fixed repayment period (normally no more than 60 months*) with a specific end date |
| Creditors must freeze all further interest and charges. |
| Once the IVA has been satisfactory completed, any outstanding debt is legally written off by the creditors. |
| Creditors cannot go back on the agreement and demand increased payments unless your income increases. |
| Protection from court action by creditors. |
| The IVA is discreet and can be used by professionals, forces personnel and police forces without damaging career prospects. |
| The IVA will be recorded on your credit file. This means that you will not be able to take further unsecured borrowing for the period of the IVA. |
| Once the IVA is satisfactory completed, you can borrow again. However, it may take some time for your credit rating to repair. |
| During the course of the IVA, you may have to release available equity from any property that you own to increase the overall settlement offer to your creditors. |
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Get your debt under control today!
You can view your UK credit file online here, including your credit score and rating
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